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Applying for financing with Settle

How the underwriting process works at what criteria we look at to determine whether a business is qualified.

Anna Briggs avatar
Written by Anna Briggs
Updated over a week ago

Settle offers financing in the form of Extended Payment Terms to qualified businesses. The underwriting process occurs on a case-by-case basis but in general there are some minimum criteria we look for when qualifying a business:

  • Roughly 1 year’s worth of operating history

  • At least $500,000 USD in trailing twelve months’ revenue (TTM)

  • Demonstration of revenue growth

  • The business is domiciled in the United States

  • The business is solvent

In order to ensure your business meets this criteria, we require the following:

  • An active connection to your accounting software (so that we may review your Profit and Loss Statement and Balance Sheet)

If you previously applied for credit and were not approved, we are open to re-evaluating so long as the financial health of your business has improved since last review.

If your business doesn’t meet one of the thresholds listed above but you think you may qualify for an exception, please feel free to get in touch with us by scheduling a call with our team or reaching out to your Settle representative.

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