1 00:00:00,000 --> 00:00:01,380 Johny Fernandez: What are stips? 2 00:00:02,320 --> 00:00:05,530 Sean Murray: What are stips? So stips is really just short for 3 00:00:05,530 --> 00:00:09,070 stipulations. Basically, it's the it's the it's the 4 00:00:09,070 --> 00:00:12,280 documentation that will be required to close the deal. 5 00:00:12,640 --> 00:00:16,090 Oftentimes in the small business finance industry, a merchant 6 00:00:16,090 --> 00:00:18,850 will be expected to provide some level of documentation upfront 7 00:00:19,000 --> 00:00:23,110 to get a pre approval and then they need the stips to walk them 8 00:00:23,110 --> 00:00:25,270 through the end, close and get funded.