All Collections
Settle Working Capital
Paying an invoice with Settle Working Capital (Extended Payment Terms) 🗓
Paying an invoice with Settle Working Capital (Extended Payment Terms) 🗓
Anna Briggs avatar
Written by Anna Briggs
Updated over a week ago

If you're approved for Settle's Working Capital Extended Payment Terms (EPT), you can extend most bills* by 30 days, regardless of the terms provided by the vendor.

When you use extended payment terms, Settle will pay the vendor on your behalf, and you'll be charged a fee on the payment date. Then we schedule a payment from your account to ours 30 days later—you can extend this payment an additional 30 days at the same rate, up to a total of 120 days*. Reach out to for additional extensions on a case-by-case basis.

Extending payment terms on a bill

  1. Add a bill. (Check out this article if it's your first time.)

  2. Open the bill, then click Proceed to payment at the bottom right corner of the bill screen.

  3. You'll see options Pay from my bank account or Finance payment (Extend payment terms)

  4. Select Finance payment.

  5. Select which date you'd like Settle to pay your vendor and how long you'd like to extend your payment terms, then hit Proceed.

  6. Review and accept the the Commercial Financing Disclosure Table and Business Loan and Security Agreement. This is the legal agreement between you and Settle that states:

    • It is Settle's responsibility to pay this bill.

    • You agree to pay us back on the scheduled dates.

    • The principal, fees, and interest associated with the extensions, and that you agree to pay the principal and interest associated with the extensions.

That's it—your payment is scheduled and good to go. Your bill will be paid on the date you selected, and we'll debit your account 30 up to 120 days later.

Seven days before your payment is due to Settle, we'll send you an email reminder that includes the option to extend another 30 days if you'd like (and if available). You may do this an additional 3 times, for a total extension of 120 days*.

*Please review your financing agreement for detailed restrictions and terms and conditions.

Why can't I select the Extended Payment Terms option?

If you qualify for financing with Settle, we’ll provide you with

  • Your max terms, which include the maximum loan amount that can be used for one bill or spread over many bills

  • Your maximum allowable number of extensions

There are a few scenarios that may prevent you from being able to select the Extended Payment Terms option when paying a bill (note that this list may not be comprehensive):

  1. Your Application is still being processed, and reasons could include:

    • Underwriting is still underway

    • You still need to sync your bank account(s) and accounting software (Settings > Integrations)

  2. Based on your Application, your business does not qualify for Extended Payment Terms at this time

  3. You’ve reached your max terms.

  4. You've reached your maximum allowable number of extensions.

  5. The payment amount is less than the allowable threshold determined by your financing agreement.


What does it cost?
The cost of your loan is determined is determined in accordance with our underwriting policy and the creditworthiness of your business and will be shared to you by a member of our Customer Success team.

I just started using Settle and added my first bill. Can I extend payment terms right away?

Extended Payment Terms will be available as soon as Settle processes and approves your application. This requires you to link your bank account and accounting software in Settings > Integrations.

Underwriting is typically completed within a week of this sync. If your business is approved for financing, you’ll see the Extended Payment Terms option for all qualified bills.

Will my vendor know that I am extending payment on their invoice?

Your vendor will not know that your payment has been extended, they will just see that the payment is being processed via Settle.

Can I repay early?

Yes! You have to option to repay Settle anytime before we are set to debit your account. Please read this article for more information.

What are the alerts for bills that are suggested for Settle Working Capital?

Settle utilizes versatile algorithms that analyze multiple factors of your bills to alert you about bills that may qualify for extended terms through Working Capital. You may see these suggestions on a bill or on the dashboard when you login. These alerts are updated regularly to surface bills that you could consider financing through your Working Capital terms.

Questions? Get in touch —

Did this answer your question?