How are a merchant's borrowing limit and terms determined?
Edited
Slope takes into account several factors, including financial performance and credit history to determine a merchant's borrowing power in seconds. The combination of these data points allow us to make a thorough assessment of the right pre-approved limit for a business. Specifically, we decide:
Pre-approved Limit: The maximum pre-approved limit for a business.
Order Limit: The maximum transaction size that can be financed at once.
Terms: The repayment terms the business can choose from. We offer a variety of net and installment terms, depending on the merchant partner through which the customer obtains a Slope loan.
Pricing: The financing fee rate for each term option offered.