To ensure you maximize the benefits of your Settle Working Capital, we want to share best practices for managing your access to credit.

1. Keep bank account connected & financials updated

Access to financing is dependent upon visibility into the most current accounting and banking information. Keeping your financial accounting software connected and up to date is an important element to your lending relationship. If your business does not support our accounting or bank account integrations, financial and bank statements must be provided on a monthly basis and/or as requested.

2. Avoid taking on additional lending products

Taking on additional debt or merchant cash advances may be a breach of contract and can affect your access to credit, unless pre-approved by Settle.

3. Use funds appropriately

Working Capital can be used for inventory, marketing, and shipping expenses/fulfillment expenses for products. Inappropriate uses of borrowed funds include payroll, rent, owner distributions, bonuses.

4. Maintain timely payment history

Payment for loans will be automatically deducted via ACH upon the due date outlined in your loan agreement. Please ensure there are funds available when your payments are due. Late or failed payments will result in additional fees, including a $20 fee for failed payments, and may prevent new loan originations.

5. Pay balance in full

As Settle is a secured lender, any sale of assets or the sale of your business requires paying your Settle balance in full.