Signing up for Ramp is easy, and once you are onboard, you’ll receive a limit that determines how much you can spend on our platform. Here’s how to understand what a limit means at Ramp.
- How Ramp sets your limit
- Viewing your business limit
- When does your limit change and how often
- Requesting a limit change
- Viewing your current balance
On Ramp, you’ll see two different types of limits. One is your business limit, set based on a variety of factors, including the cash balance in your connected bank account(s), your industry, credit bureau data, and more. It determines the maximum balance you can have outstanding on any of your company’s Ramp cards during a statement period. To learn more about Ramp statements, read the following: Ramp Statements and Statement Payments Overview.
How Ramp sets your limit
During the application process, we review your company’s liquid assets, debt liabilities, spending patterns, your annual revenue, and monthly needs in areas like SaaS, Advertising, and T&E. Other data sources we use are banking and accounting platform integrations. By linking up as many data sources as possible, you help us evaluate you for the most accurate limit for your business. You can also connect your commerce sales account. Find out how to do so here: Commerce Sales-based Underwriting.
Viewing your business limit
You can view your limits at any time by navigating to Settings > Company Settings > Financial Accounts Tab. You can also navigate to the Transactions → Overview page, where you can see the sum total of your balance across all products, and your total Ramp Limit.
Flex-enabled businesses may also view the sum total of their balance across all products, and their total Ramp Limit on Bill Pay → Flex.
When does your limit change and how often
As a Ramp customer, your limit might increase as your assets and connected data sources improve your standing, but it can also be lowered if your standing lowers. Currently, we reassess your business limit on a daily basis.
Requesting a limit change
If you’d like to increase or decrease your business limit, you can write into our team by logging into your account and clicking the "Help" button on the bottom left of the sidebar or ask your Account Manager or Customer Success Manager to request our Risk team evaluate your business for a limit change.
Viewing your current balance
The current balance represents the amount you’ve already spent out of your business limit. Administrators can view their business limit on the Settings > Banking page. It must still be paid down in full at the end of each statement period, which is indicated by the Next Payment date.
At any point, you can pay this balance down manually by navigating to the Transactions > Overview page and clicking on Payments before your statement period ends. Find out more about your Ramp Statement and Statements Payments here.
You can view your Balance at any time by navigating to Transactions → Overview, where you can see the sum total of your balance across all products, your total Ramp Limit and the amount available to you to spend.
Flex-enabled businesses may also view the sum total of their balance across all products, their total Ramp Limit and the amount available to them to spend by navigating to Bill Pay → Flex.
To learn about the other type of limit, your card limit, click here.