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Johny Fernandez: What are stips?

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Sean Murray: What are stips? So
stips is really just short for

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stipulations. Basically, it's
the it's the it's the

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documentation that will be
required to close the deal.

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Oftentimes in the small business
finance industry, a merchant

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will be expected to provide some
level of documentation upfront

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to get a pre approval and then
they need the stips to walk them

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through the end, close and get
funded.