Slash has partnered with Slope to offer working capital with a flexible credit limit and rates designed to help your business scale. In this guide you will learn how the working capital product works, and how you can tap into it.
How to see your credit limit & rates
To access your line of credit, you will need to open a capital account. To do this:
Navigate to the Capital page on the side bar and click “Open capital account”.
You will be redirected to Slope’s website, where you will need to create a Slope account.
After account verification, fill out a basic questionnaire about your business details including: legal entity information, business owners and leaders information, and connect your business bank accounts (including the Slash account).
Please note that a “soft” pull will be performed on one owner or business leader’s personal credit, which doesn’t affect personal credit scores.
After completing your profile, you will soon receive an email that confirms the status of your lending application.
If you’re approved for a line of credit, you can see it by logging into your Slope account (pay.slopepay.com) or by connecting Slope to the Slash Capital page.
For more details on the application, including eligibility requirements, information needed, and step-by-step instructions, check out Slope’s application FAQ.
How to connect your Slope account to Slash
Once you’re approved for a line of credit, connect your Slope account to Slash by clicking “Link with slope” on the Capital page.
This will open a pop up that asks you to enter your Slope account information. Once complete, you will see your available credit and any drawdowns you make.
How to initiate a drawdown from Slash Capital
Once you connected your Slope account to Slash, you can click the initiate drawdown button to specify your drawdown amount in a side panel. After this, you will be taken to the Slope site where you will complete your drawdown.
All funds will automatically be sent to your primary Slash account, ready to be used for any new purchases.
You can track your outstanding drawdowns directly from the Capital page as well. You can find information on fees, deadline to pay, and loan amount here.
Slope is not a bank. Business-purpose loans made by Lead Bank and subject to credit approval. Application required and personal guaranty may be required. Subject to minimum revenue and business requirements. Fees vary based on loan amount.