AppliedLMS Commercial
Commercial and SME lending built so your paper stands up to the people funding it.
For commercial and SME lenders, merchant cash advance funders, and originators of brokered or syndicated paper, in Canada and the US, writing under roughly $10M a year — and for the principals, brokers and funders who judge whether the paper holds up.
01 · Merchant cash advance
Merchant cash advance, done properly
- Factor-rate pricing instead of interest
- Daily or weekly remittance scheduling
- Purchased-amount tracking
- A dedicated Purchase & Sale Agreement template
02 · Funding
When funding hits a snag
| Issue | Action | Outcome |
|---|---|---|
| Bank or ACH failure | Report the issue | A notification is sent; the application stays Signed for retry |
| Funding delay | Place on hold with a retry date | Moves to Funding On Hold with a visible retry date and a Resume action |
| Amend advance amount | Reduce the advance | Factor rate held constant; purchased amount and remittance recomputed; borrower re-signs |
| Re-underwrite | Send back to underwriting | Signed contract voided; returns to Under Review; full audit trail kept |
03 · Records
Records funders trust
- Institutional loan numbering: a configurable prefix, a seven-digit sequence and a two-digit year, assigned at funding
- Loan numbers carried across admin views, documents and payment memos, with optional annual reset and capacity alerts
- A full audit trail built for funder and auditor diligence
04 · Products
Commercial loan products
- Term loans and interest-only products
- Odd-days interest and day-count conventions
- Brokered and syndicated paper, including brokerage fee layers
- External funding with deferred servicing, for paper funded off the balance sheet
05 · Verification
Business verification, affordability and credit data
- KYB business verification
- Business bank verification in commercial terms: business revenue, operating entity, revenue frequency
- Revenue-to-loan ratio, and for MCA, remittance as a percentage of business revenue
- Annualised operating income, expense breakdown by category and NSF pattern analysis
- Affordability metrics and KYB data visible to staff and hidden from borrowers
- Equifax reports
- Additional credit-bureau and borrower-data integrations available on request
06 · Parties
Parties and guarantees
- Co-borrowers and guarantors, added even after submission without returning the file to draft
- Co-borrower, personal guarantor and corporate guarantor reference types
- Sensitive identifiers never returned to the browser on edit
- Every add, edit and removal captured as a timestamped audit note
07 · Contracts
Contract routing for commercial deals
- Send for Signature, Send for Review, or Sign as Admin
- The review path suits US state commercial-disclosure regimes and deals where the borrower’s counsel reviews in advance
- Two-document signing and funding confirmation
08 · Platform
Everything on the platform
AppliedLMS Commercial includes the full platform:
Origination and application
- Multi-step online application, mobile-friendly
- Save and resume: borrowers return later through a signed email link
- Two-step pre-qualification before a full application, with criteria set per product
- Embeddable pre-qualification form for your own website, with domain whitelisting
- Application form designer: fields, sections and validation per product
- Camera capture for document upload on mobile, with a visual progress tracker
- Staff can create applications on a borrower’s behalf
- Application pipeline and queue management
- Customer records with import and export
Bank verification and insights
- Six bank-verification providers supported, including Flinks, Inverite and ZumRails
- One normalised insights view whatever the provider: income, expenses, balance, NSF count, account age, days negative
- Risk-level badges, income and balance trends, expense breakdown, full accounts and transactions
- Underwriting scorecard derived from verified bank data
- Scheduled refresh by product, with risk-tiered intervals and a monthly budget cap with alerts
- Financial-distress monitoring on refreshed data, with staff alerts
- Borrowers can start or re-trigger verification from their own dashboard
- Duplicate-send protection with separate cooldowns for personal and business requests
Underwriting and decisioning
- Clear lifecycle: Draft, Under Review, Conditionally Approved, Approved, Awaiting Signature, Signed, Funded
- Conditional approval with outstanding conditions
- Rules engine for eligibility, rate caps and stipulations per product and jurisdiction
- Stipulation tracking with required-document checklists before funding
- Status history recording every transition, who made it and when
- Loan notes and internal staff communication on every file
- Decision reasons feed directly into the adverse-action notice
Documents and e-signature
- Built-in e-signature, plus DocuSign, SignNow, GoDocs and a local signing path
- Document generation from contract templates, and document OCR
- Three send paths: Send for Signature, Send for Review, Sign as Admin
- Recipient picker for every co-borrower and guarantor, with inline validation
- Acceptance timestamps frozen at the original acceptance and embedded in the signed PDF
- Protection against duplicate agreements and duplicate notifications
Payments, funding and servicing
- EFT, ACH, Interac and card rails
- Payment processing through ZumRails, with additional processors available on request
- Seven payment-schedule calculators and configurable frequencies
- Pre-authorised debits, with payment-method detection and an advisory when a schedule changes
- Automated collection runs, retries and failure handling
- Reschedule, hold, restructure and mass payment entry
- Payoff quotes and payoff letters
- Grace periods, late fees and disclosure
- Nominal-to-effective interest conversion and APR calculation
Collections
- Delinquency tracking and a collections workspace
- Payment restructuring tools
- Reschedule and hold, including repeated reschedules for seasonal hardship
- Write-off and account-status reporting
- Communication status tracking on collections activity
Borrower self-service portal
- Dashboard with current balance and schedule
- Payment history with PDF export
- On-demand payoff letters, annual tax statements and monthly statements
- Bank account management: add, view, remove
- Self-service bank verification when required
- Reschedule, payoff and restructure requests
- Native mobile app companion
Communications
- Email templates for every lifecycle event
- Two-way SMS through Twilio
- In-app chat and notifications
- Payment-due and past-due reminder sequences
- Notifications for funding holds, verification requests, amended documents and re-review
Compliance and security
- Adverse-action notices with 19 structured decline reason codes, generated as PDF, emailed, re-sendable
- Provincial rate-cap enforcement
- Cost-of-borrowing disclosure
- Cooling-off period tracking
- French-first support for Quebec: French interface and contract documents
- Audit logs, status history and change tracking across the loan lifecycle
- Role-based permissions across seven roles
- Brand-scoped data separation enforced at query level
- Encrypted personal data, and webhook signature verification on payment providers
Administration and platform
- Company settings, product configuration, user and role management
- White-label branding, with multiple brands in one instance
- Analytics and reporting
- Public API
- Dedicated instance option: your environment, your data, your branding, hosted and maintained by us
- Hosted on AWS with continuous deployment, and a sandbox environment for every client
See AppliedLMS Commercial in action
Book a demo and we’ll walk you through an advance from application to funding.