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.