What are the key eligibility requirements under Pay Later powered by Slope?

Although every case is unique and meeting the minimum eligibility does not guarantee that terms will be offered, you can see the minimum eligibility requirements in the Knowledge Base. In summary:

• Pay Later is currently only available to incorporated businesses in the U.S.
• Applying companies must have been incorporated for at least 12 months in the United States
• Companies must have at least 6 months of cash runway.
• Clients can choose to apply for installment payment terms over 2 to 6 months.
• A banking connection through Plaid is a minimum requirement.

Who are Slope?

Slope is a financial technology company backed by JPMorgan that facilitates B2B commerce. By applying for Pay Later powered by Slope, you can access installment payment options, meaning you get paid in full up front, while your client repays over time.

Slope is a financial technology company, not a bank. Business-purpose loans are made by Lead Bank and subject to credit approval. Subject to minimum revenue and business requirements. Fees vary based on risk assessment and loan term.

Why was my client declined for Pay Later?

Each application is subject to a full credit underwriting process to allow us to offer funding without recourse. The exact reason for an individual decline unfortunately can not be shared with you, however you will be able to see an update in the status of the invoice. That being said, the most common reasons for declines are:

• Insufficient cash runway as calculated in accordance with credit policy;
• Insufficent or negative credit history; and
• Failure to provide sufficient information to complete the credit underwrite.

How can I see if a client has applied for Pay Later?

When a client has completed their Pay Later application, the status on the supplier dashboard will change to Processing. This means all the information required by Slope, relating to installment payment terms for your invoice, has been provided.