We have a small business loan application form. For loan requests up to a certain amount ,if the credit scores exceed a certain threshold no financials or tax returns are requested or analyzed. Since the application requests gross annual revenue, the applicants provide that information, although it is not verified.

Should we use the GRA amount provided by the applicant to determine the GRA code?

Thanks

Yes. You should use that figure from the customer. Guidance says it does not have to been verified.

Hi, Sorry to bug you. You refer to "Guidance". Do you mean the CRA reporting Guide, where this is discussed on pages 13 and 51?. I was unable to locate other Guidance, but am willing to go back and try if there is something different? Thanks
One more question. if the customer enters the gross annual revenue on the application and provides financials, which figure would we use if we do. to analyze the financials/consider the GRA in making the credit decision? Thanks again