Understanding the Level Advance Application Process

Let's talk about how this all works!

Applying for a Level Advance

To apply to a Level Advance, you’ll need to provide business and personal information. Our Underwriting Team will use this data to help us understand who you are as a small business owner, so please ensure that you link your business earnings and provide specific details on how you will use the funding. 

TIP: If your application requires a soft credit pull, please note that this action will not impact your credit score.

Curious about our process? Level reviews your linked business earnings to both determine creditworthiness and enable flexible repayment terms. You’ll be asked to link your business earnings when you complete your application. You may also add sources of business earnings to your Level Account once you are an active Level customer.

Monitoring your Application

Users may check their application status by setting up or logging into their Level Account. You will be notified directed via email should any additional steps be required. We'll also contact you directly once a funding decision has been made!

Some of our customers work with our platform partners, such as TaskRabbit, Dolly, HouseCall Pro. Others offer a combination of platform partner earnings as well as gig apps, such as Uber, UberEats, Doordash, etc.

Linking External Banks to your Level Account

Users link their external banks or credit card accounts by going to the Settings button, then the "Income or Expenses" tab of the Finances page. Simply select “Banks & Integrations” to add a linked account.

As a Level account-holder, you will be expected to keep all business earnings sources linked to Level until your advance is fully repaid. Business income that remains unlinked will not go towards qualifying you for larger funds and better terms. Income unrelated to your business (such as salaried employment) will not be included in Level’s services, so you get to decide.

Reapplying for more Advances

You can reapply for another Level Advance only if you do not have an active balance on an existing Level Advance. If you have previously applied for an advance but did not take the advance (or were not offered an advance), you can re-apply 30 days after you applied.

Complete a reapplication by logging into your Level Account and clicking on the Reapply option in the Menu.  

Protecting your Level Account

We take fraud protection seriously, During the application process, users must be the owner of any business earnings that they link. Applying to Level with business earnings that are not your own will prevent you from accessing Level’s services in the future.

Want more? Email us at [e-mail] or call toll-free at [phone]. You may also self-serve within our Help Center to learn more about our resources within the Level Financial Toolbox, our FDIC-insured Level Earnings Account, and how our Level Advance payment and repayment works.