Bank of America

Bank of America Business Banking for Modern Funding

Bank of America serves millions of small businesses across the United States. Your BofA transaction history contains the data that matters for funding decisions: actual deposits, real expenses, and true cash position. Founderpath connects to this data to offer funding based on how your business actually operates.

Transaction Data vs. Traditional Applications

Traditional bank loans at Bank of America or any institution require extensive documentation: tax returns, financial statements, business plans, and personal guarantees. The process takes weeks or months.

What Traditional Lenders Want:

• 2-3 years of tax returns
• Compiled financial statements
• Personal credit checks
• Collateral documentation
• Business plan review

What Founderpath Needs:

• Your Bank of America transaction history
• That's it

Your transaction data tells the complete story: how much money comes in, when it comes in, how much goes out, and what your cash position looks like over time.

What Bank of America Data Reveals

When you connect your Bank of America business accounts, we analyze patterns that indicate business health:

Revenue Indicators

• Deposit frequency and consistency
• Average deposit size trends
• Revenue source diversity
• Collection timing patterns

Expense Patterns

• Recurring payment obligations
• Payroll and contractor payments
• Vendor payment timing
• Discretionary vs. fixed expenses

Cash Management

• Average daily balance maintenance
• Minimum balance trends
• Overdraft history (or lack thereof)
• Cash reserve practices

Growth Signals

• Deposit growth trajectory
• Expense scaling patterns
• Cash flow seasonality
• Working capital trends

How Bank of America Integration Works

Step 1: Initiate Connection

From your Founderpath dashboard, click "Connect Bank" and select Bank of America from the list.

Step 2: Authenticate with Bank of America

You'll be directed to Bank of America's secure login through Plaid. Enter your credentials directly with BofA—Founderpath never sees your password.

Step 3: Authorize Data Access

Confirm read-only access to your transaction history. We cannot move money or modify your accounts.

Step 4: Automatic Analysis

Our system pulls your transaction history and calculates cash flow metrics within minutes.

Step 5: Receive Your Offer

Most businesses see a funding offer within 24-48 hours of connecting.

Bank of America Account Types

Business Advantage Banking

Full-service business checking with integrated cash management. We analyze all transaction types including ACH, wire, and card activity.

Business Fundamentals Banking

Entry-level business accounts with streamlined features. Transaction analysis provides cash flow insights regardless of account tier.

Business Savings & Money Market

Include savings accounts to demonstrate cash reserves and financial stability beyond operating funds.

Multiple Account Analysis

Connect all your BofA accounts for a complete picture. Operating accounts, savings reserves, and money market funds together show your full financial position.

Bank of America + Additional Integrations

Maximize your funding potential by combining data sources:

BofA + Revenue Systems

• Connect Stripe or Shopify alongside BofA
• Cross-reference revenue systems with actual bank deposits
• Validate collection efficiency

BofA + Accounting Software

• Add QuickBooks or Xero
• Compare accrual accounting with cash position
• Verify P&L against actual cash flow

BofA + Payroll

• Include Gusto or ADP
• Match payroll data with bank withdrawals
• Understand true labor costs

Security Standards

Plaid Security

Plaid connects to over 12,000 financial institutions and is trusted by leading fintech applications. Security features include:

• 256-bit AES encryption
• SOC 2 Type II certification
• Multi-factor authentication support
• Regular third-party security audits

Read-Only Access

Our Bank of America connection is strictly view-only. We cannot:

• Initiate transfers or payments
• Modify account settings
• Access debit cards or credit lines
• Change any aspect of your accounts

Data Control

Revoke access at any time from your Founderpath dashboard or through Plaid's connected apps portal.

Funding Based on Cash Flow

Your Bank of America transaction history enables funding that doesn't exist with traditional bank applications:

Speed: 24-48 hours to an offer vs. weeks for traditional loans

Simplicity: No paperwork compilation, just data connection

No Credit Impact: We don't pull personal credit reports

No Dilution: Structured debt, not equity investment

No Personal Guarantees: Your business stands on its own merits