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What types of businesses require enhanced due diligence?
What types of businesses require enhanced due diligence?
Certain types of businesses are not explicitly prohibited but, are evaluated on a case by case basis.
Written by Justin Thomas
Updated over a week ago

Sila will only accept customers that offer these types of products, services, or methods of selling on a case-by-case basis. Any customer who engages in a business on this list will be subject to enhanced due diligence review and will require advance written approval from our banking partners.

Businesses Requiring Enhanced Due Diligence:

Auctions/Auction Services and Websites

Bail Bond Services

Check Cashing Institutions

Collection Agencies

Credit Card Schemes

Credit Restoration/Debt Relief Services


Door to Door

Fantasy Sports

Flea Markets

“Get Rich Quick” Schemes/Franchise Fraud Schemes/Chain Referral


Government Grants

Home-Based Charities

Lifetime Guarantees

Merchant Cash Advance

Modeling Agencies

Neighborhood Party Sales

Nutraceutical Sales

Pawn Shops

Payday Lenders

Pharmaceutical Sales


Resort Land Promotions

Short term loans with high interest rates

Student Loan Assistance Companies

Surveillance equipment

Talent Booking Agencies


Third Party Hotel Reservation Services

Tobacco Sales

Vehicle Sales

Vitamin and Supplement Sales

“As Seen on TV” Product Sales.

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