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Settle's approach to underwriting
Settle's approach to underwriting
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.


How does utilizing my extended payment terms work?

  • when you pay your bills directly through Settle, you'll see an option to pay via financing. Please see more information within our Settle Working Capital collection of articles for instructions on utilizing, tracking and reporting for your credit profile.

Will I ever have changes to the maximum available, the extension terms, the structure (amortized or bullet), or the rate once I have a credit profile?

  • Yes, there are opportunities for new terms, rates, and limits throughout your time with Settle. The credit profile terms are based on a number of factors including security position, market conditions, a customer's business metrics, and more.

    We regularly provide access to additional capital beyond customer limits at the initial time of underwriting. This is also why we encourage you to contact your customer success representative in order to review opportunities for changes to your credit profile.

Are there any additional fees such as annual account fees that are beyond my credit profile rates?

  • No, there is no annual fee to utilize your credit profile. Please see our pricing page for information about the bill pay rates, exchange rates and subscription tiers for our full suite of bill pay services.

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