Slope 101 for Customers

Pained by import shipping delays or slow payment from large customers / insurers / governments? Interested in saving procurement costs and strengthening supply chain relationships? See how Slope could help in each of these here!

Slope provides a one-stop platform to seamlessly finance and pay bills as well as manage your loans. We have two main products: Pay Later (i.e., finance your bills), and Pay Now (i.e., pay them instantly).

• Scope: We help finance (on an unsecured basis) revenue-generating invoices, such as inventory purchases and marketing spend

• Flexible Terms: Net 30, 45 and 60 terms, plus 60 and 90-day installments

  • Early repayment? We will prorate your fees! You get charged only for actual days borrowed.

• Competitive Rates: This program offers risk-based pricing, with financing fees as low as below 1.6% on Net30 and below 3.0% on Net60 (equivalent to ~18% APR) for our best customers

  • No Hidden Charges: Our cost of borrowing is straightforward - no extra fees for applying or maintaining your financing limit; only “What You See Is What You Get” 

• Dynamic Line Size: Financing limits typically range from ~15% to approximately a third of your monthly revenue, depending on your credit profile

  • Once you’re approved, we reassess your business for line increases from time to time, as you accumulate payment history and expand

• How It Works: 

  • Each time you initiate a new Pay Later order, you choose a loan term and confirm the pricing. The entire process could be completed in seconds

  • Upon a quick check, we will pay your vendor on your behalf within one business day 

  • You pay us back loan principal and financing fees either at the end of your net terms, or in monthly installments, based on the term option you chose

• Multiple Payment Methods: You can repay with either ACH, debit card, or credit card 

  • You get points/cashback and an extra 30-60 days’ float by repaying with a credit card, which can be well worth the 2.95% credit card processing fees we charge

  • Psssst - we accept all major cards, including AmEx!
    

• You can also use our simple platform to immediately pay your vendors both domestic and abroad with either credit card or ACH, without a loan. 

• Step 1 - Connect: If you’re interested, the Slope representative you’re in touch with will connect you with the Slope Customer Success (CS) team about an online application.

• Step 2 - Apply online: Slope CS will guide you through how; the process takes about 5 minutes if you have the needed information.

• Step 3 - Initial Approval: Upon completion, you could be approved for up to $150K without requiring further action on your end, or we might be in touch with any clarifying question(s) / information needed.

• Step 4 - Higher Limit Approval (Where Applicable): After initial approval for up to $150K, if we see room for an even higher limit, we’ll reach out for additional information that would allow us to assess.

We look forward to helping your business grow!

Your Slope Team

*Slope is not a bank. Business-purpose loans are made by Lead Bank and subject to credit approval. Application is required and personal guaranty may be required depending on revenue. Subject to minimum revenue and business requirements. Fees vary based on loan amount.