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.
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Business Limit
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
Card-only Ramp accounts:
At any point, your company’s Administrator can view your business limit on the Settings > Banking page. You can also see your total limit and current balance on the Transactions → Overview page.
Card + Flex Ramp accounts:
If you are onboarded onto Ramp Flex, then you can view your limits at any time in the following places:
- Ramp Limit: on Insights → Reporting, you can see the sum total of your balance across all products, and your total Ramp Limit
- Card Limit: on Transactions → Overview, you can see your card balance, your total Card Limit, and your available Card Limit (in the case that your outstanding balance on Flex has reduced that amount that you can spend on Card)
- Flex Limit: on Bill Pay → Flex, you can see your Flex balance, your total Flex Limit, and your available Flex Limit (in the case that your outstanding balance on Card has reduced that amount that you can spend on 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 support@ramp.com 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.
Card-only Ramp accounts:
You can view your Card Balance at any point on Transactions → Overview.
Card + Flex Ramp accounts:
- Ramp Balance: on Insights → Reporting, you can see the sum total of your balance across all products
- Card Balance: on Transactions → Overview, you can see your card balance (in the case that your outstanding balance on Flex has reduced that amount that you can spend on Card)
- Flex Balance: on Bill Pay → Flex, you can see your Flex balance (in the case that your outstanding balance on Card has reduced that amount that you can spend on Flex)
To learn about the other type of limit, your card limit, click here.