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How does underwriting work?
How does underwriting work?
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. The minimum criteria we look for when qualifying a business may include, but are not limited to:

  • 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 details provided are accurate and up-to-date, we require the following:

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

  • An active connection to your business’ bank account(s)

If you previously applied for credit and were not approved, but you believe there’s been a material change in your company’s finances since previous application, we’re open to re-evaluating.

If you’re unsure whether your business will qualify for financing, please feel free to get in touch with us by reaching out to your Settle representative or creating an account here.

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