# Slope 101 for Customers ## **Slope: Your Fuel for Growth** 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](https://help.slopepay.com/en/articles/2039937)! --- ## **Slope Product Overview** 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). ### **Pay Later** - **Scope:** We help finance (on an unsecured basis) revenue-generating invoices, such as inventory purchases and marketing spend - **Flexible Terms:** Net terms up to 90 days, plus monthly installments up to 120 days - _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 0.99% on Net 30 and 2.99% on Net 90 (equivalent to below 12% 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 after debt service, 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 3.05% credit card processing fees we charge - Psssst - we accept most major cards, including AmEx! ### **Pay Now** - 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. --- ## Application Process - **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 $250K 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 $250K, 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_](https://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._ _*Net 90 and 120 installment terms are available to select approved customers subject to credit assessment._