Skip to main content

Why do you ask for my entity type?

Learn why we ask for your business’s entity type and how it helps us serve you better.

WeLendIt Support avatar
Written by WeLendIt Support
Updated over 6 months ago

We ask for your entity type (like LLC, sole proprietorship, or corporation) because:

  • It helps us understand how your business is legally structured.

  • Knowing your entity type allows us to match you with the right lender and funding options.

  • This information does not affect your approval—it's simply part of understanding your business so we can support you better.

If you’re not sure how to classify your business, feel free to contact your Funding Specialist for help.

Did this answer your question?