If you're approved for Settle Working Capital, you can finance most bills, regardless of the terms provided by your vendor. Depending on your plan, you may be eligible for Extended Payment Terms (EPT) or Amortized Payment Terms—both allow you to delay your cash outflow while ensuring vendors are paid on time.
What are my payment term options?
Extended Payment Terms (EPT)
Pay your vendor now, and repay Settle in 30 days—with the option to extend up to 120 days (in 30-day increments). A fee is charged on the payment date.
Best for short-term cash flow management.Amortized Terms
Pay your vendor now, and repay Settle in scheduled installments over a selected period.
Best for spreading out larger payments over time.
How to pay a bill using Settle working capital
Upload or add a bill
(New? Check out how to add a bill.)Open the bill
Find it in your Unscheduled queue and click Proceed to payment.
Choose finance payment
Click Finance payment instead of Pay from my bank account.
Set terms and schedule
Choose a payment date for when Settle should pay the vendor.
Select either:
A single repayment date (for EPT), or
A repayment schedule (for amortized terms).
Review and accept Terms
Agree to the Commercial Financing Disclosure Table and Business Loan and Security Agreement. This confirms:Settle will pay the bill.
You’ll repay Settle according to the terms.
You accept all principal, fees, and interest.
You’re all set
Your bill is paid on the selected date, and repayments will be initiated as scheduled.
Customizing the Payment Reference Field
Payers can set a default vendor-level value for the Payment reference field, which will automatically populate when initiating a payment.
How it works
A default Payment reference (also called remittance info) can be saved for each vendor under Vendor Settings.
When creating a payment, this default value will automatically appear but can be manually edited before sending.
If no default is set, Settle will pre-populate the field with the invoice number and date (e.g. Invoice Inv #123 from 2025-04-30), as it has in the past.
This feature supports all payment types and all payment methods.
The reference will appear:
In the vendor’s bank memo
In the confirmation PDF
(Bank statement presentation may vary based on the vendor’s bank.)
Supported Symbols
Up to 40 characters
Letters: A–Z, a–z
Numbers: 0–9
Spaces
Special characters:
_ # $ % & ’ ( ) * + , - . / : = ?
FAQ
Why can’t I select the financing option?
You may not see the Finance payment option for a few reasons:
Your Working Capital application is still in progress.
You haven’t connected your bank and/or accounting software.
(Go to Settings > Integrations)Your business isn’t approved for financing at this time.
You’ve reached your credit limit or extension maximum.
The bill amount is below the financing threshold for your state.
Will my vendor know I’m financing the payment?
Not necessarily. Vendors are paid by Settle and won't see your repayment terms. It appears as a standard payment from Settle.
Can I repay early?
Yes. Simply open the bill → Click View under the payment tab → Click Repay early.
Can I further extend the repayment schedule?
If you finance a bill for a period shorter than you are eligible, you can always go back in and edit the payment to extend your repayment reschedule. The repayment will only be eligible to further reschedule up to your eligible terms.
Helpful alerts
Settle flags bills that might be eligible for financing on the bill page and your dashboard. These are updated regularly to reflect new opportunities.
Repayment timing & processing
Repayments are initiated the business day before the scheduled due date.
ACH Payments are sent via next-day ACH, so instructions must be submitted by 6 PM PT the day prior.
Examples:
Repayment due Tuesday → initiated Monday night
Repayment due Monday → initiated Friday night