Thank you for considering Ramp for your next corporate card. Before you dive into the application, here’s what you should know about our qualification eligibility and how the application process works.
Who qualifies for Ramp?
In order to qualify for Ramp, your business must be:
- Be registered in the United States
- Be a corporation, limited liability company, or LP (nonprofits welcome). Currently, we are not accepting individuals, sole proprietors, and other types of unregistered businesses.
- Have at least $75,000 in cash in any US business bank account linked to your application
- Have most of your operations and corporate spend in the US (although we do support international transactions and will waive all related transaction fees)
Can I apply without an EIN or an SSN?
All applicants must provide an employer identification number (EIN) as part of the application. This is a legal compliance requirement that cannot be waived.
However, you can apply to Ramp if you’re a business owner or officer without an SSN (social security number). Instead of an SSN, you’ll be required to provide a copy of your foreign passport and documentation to prove your address.
- Passport: enter the last four digits of your foreign passport, or any other placeholder if the passport number is alphanumeric
- Proof of address: we accept the following documents:
- Utility bill
- Bank statement
- Pay stub
- Lease agreement with signature page
- Mortgage statement
- Insurance statement
If you don’t have a US address, enter the business’s address as your own.
Contact our team at email@example.com if you have any questions during the application process.
Does Ramp require a personal guarantee?
No. Ramp does not require founders to personally guarantee your expenses - you can read why here. We consider your business’s financial health factors, such as the company’s cash balance, cash flows, and revenue in setting your company’s business limit. Learn more about our business limits here.
Now that you’re aware of our qualifications, let’s get started. Navigate to our sign-up page and enter your business email to begin the application process. You can be assured that applying to Ramp will never affect your personal credit score.
Note on non-business emails
We do not accept non-business email addresses. If you don’t have a business address, we recommend signing up for a company domain name to obtain one.
What information will be requested?
Here’s a list of information we’ll ask of you in the application process. This information will be used to fulfill regulatory requirements for issuers of credit, and to ensure we can give your business the highest possible credit limit.
- Business address, information, and description, including your business’s legal and DBA names
- Corporate formation information, including your EIN and formation dates
- Monthly business card spend
- Personal address and contact information, including the last 4 digits of the SSN, for one corporate officer or the business owner
- Credentials to link a bank account and any commerce sales platform account
Note: we run identity verification checks on all applicants. In the case that we require more information to verify your identity, there will be a hosted verification flow requiring document and selfie uploads.
Corporate formation information and your EIN
This information can generally be found in Articles of Incorporation, tax documents, and loan applications. Your EIN can be found on old tax returns and business loan applications. If you can’t find it on any documentation, you can call the IRS.
Monthly business card spend
Add up your most recent monthly card spend from all of your business credit cards. If your spend is highly seasonal or variable, report the average of the last 3-6 months. Don’t include any bill payments made via ACH, check, or wire.
Ramp Flex is our working capital solution that lets you flex your bills on your terms. Ramp pays your vendor now and you pay Ramp back in 30, 60, or 90 days. Learn more about Ramp Flex here.
If you’re interested in Flex, click the checkbox and provide your anticipated monthly spend on Ramp Flex and what you think your most frequently chosen payment extension term will be (30, 60, or 90 days).
- Calculating your anticipated monthly Ramp Flex spend: Adding up your current monthly spend on categories like inventory, shipping, marketing and ads (e.g., Google and Facebook), software as a service (SaaS), or equipment and materials that you want to extend payment terms on, or by adding up the total dollar amount of vendor payments or bills you finance or support with other working capital products on the monthly basis, like invoice financing, merchant cash advances, or lines of credit and short term loans.
- Determining your most frequently chosen payment extension term: Select the tenor (30, 60, or 90 days) you think you’ll use most frequently for Flex financing. This could be based on a number of factors, including the length of your cash conversion cycle or related time constraints like when you expect to be paid by your customers or the additional term extension you would like for specific vendor payments.
Bank account linking - directly
We require customers to link their business bank account(s) as part of the application process. A bank connection allows us to make faster underwriting decisions thanks to real-time visibility into your cash balance and lets us make statement payments for your card balance.
This connection is secure and private - your data is protected by bank-grade encryption and your credentials will never be accessible to Ramp. Learn more about bank connections here.
Bank account linking - manually
Sometimes we require an applicant to connect their bank account manually if the direct connection process doesn’t work.
The manual process is as simple as uploading three current bank statements, making sure they’re in PDF format. PDF format ensures we receive all the information we need from your statements to underwrite your business.
Where can I find my bank statements?
Log into your business’s banking portal and look for the term ‘Statement’. Sometimes it’s located under a section titled ‘My Documents’. Download your three most recent bank statements in PDF form.
What should I do if I don’t have my bank statements?
If you don’t have three current bank statements to upload, we accept the following:
- Statements from the last three months from your previous bank account (if you recently switched to your current one) OR
- A bank verification letter showing the following:
- The name of your business
- The bank account’s current balance
Commerce sales platform linking
If your business sells products on platforms like Shopify, Amazon, or Stripe, you can link them during your application process. While we use a variety of factors, including the cash balance in your connected bank account(s), your industry, credit bureau data, and more, linking this data source will help us evaluate you for the most accurate business limit. Learn more here.
*Ramp Flex is subject to credit approval and restrictions, and will not be available in all states.