Create Application
Introduction
Create a new application lead in Lili's platform.
Lili offers a simple non documentary application process using a single API (Create Application).
The final status for every application (approve/deny/expired) will be shared using a dedicated webhook.
In most cases, an application will reach it's final status immediately after creation. In some cases documents will be required.
Supported Applicants
Lili supports different types of applicants:
- Individuals - a person
- Businesses - legal entities (Single member LLC, Multi member LLC, S-CORP, General Partnerships) that incorporated in the US.
Note that Lili supports both US and non US residents. For a list of supported countries, please see here.
Every business can also have beneficery owners (individuals that own 25% or more of the business).
The minimum attributes that are required to create an application are an email address. The rest of the attributes can be entered by the customer during the onboarding phase.
Additional fields that can be provided to the Create Application process are detailed here.
The Application Life-cycle
Below is the sequence diagram describing the life cycle of an application.
