Ramp business limits & business limit increases

Note: This article primarily applies to Ramp Administrators. Cardholders may find other articles in the Payments, limits, and statements section to be more applicable.

Overview

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.

Business limit

Ramp establishes your business limitusing various factors, including the cash balance in your linked bank account(s), your industry, credit bureau data, and more. It determines the maximum statement balance you can have outstanding on any of your company’s Ramp funds and virtual 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, annual revenue, and monthly needs in areas like SaaS, Advertising, and T&E. We also use 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.

How to view your business limit

To view your business limit, navigate to the Company > Statement & Payments page, where you can see your current statement balance across all products and your total Ramp Business Limit.

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. We regularly review and adjust business limits based on your company's overall financial profile and performance.

Requesting a credit limit increase on Ramp

There are two ways to increase your Ramp business limit.

Self-serve option:Reserve Account

You can increase your limit by opening a Reserve Account, which lets you deposit funds into a locked Ramp Business Account. Once the deposit settles, your 30-day card limit increases on a 1:1 basis. Funds in the Reserve Account remain locked and cannot be used for spending, but this provides a predictable way to increase your limit without waiting for a credit review. Each entity can have one Reserve Account, and this option is available to customers on monthly card only. Go to Company → Statements & Payments and clicking Manage limit → Deposit funds for limit increaseto get started.

Request a limit review

You can also request a limit increase by navigating to Company → Statements & Payments and clicking Manage limit. If additional review is needed, you may be asked to submit a help form to our Assurance team (select the Business Limit & Balance category).

If you need additional support, you can let us know by submitting a help form to our Assurance team (select “Business Limit & Balance” category). For all contact options, see How to contact Ramp’s Support team.

Uploading financial statements for a limit change review

As part of a limit change review, our Risk team may reach out and request your company’s financial statements. By providing extra financial documentation, the Risk team can better understand your company’s growth trends and cash flow position, in hopes of providing a limit best suited for your needs.

Typically, the following documents are requested, but an operator may share specific requirements as needed:

To access, review, and complete any outstanding document requests, navigate toCompany Settings → Documents and upload the respective files.

Please note: Uploading additional statements should only be taken upon request from the Risk team.

Viewing your current balance

The current statement balance represents the amount you’ve already spent out of your business limit. It must still be paid down in full at the end of each statement period, indicated by the Next Payment date. You can view your statement balance at any time by navigating to Company > Statement & Payments, where you can see the total sum of your balance across all products, your total ramp limit, and the amount available to you to spend.

At any point, you can pay this balance down manually by navigating to the Company > Statement & Payments and clicking on Payments before your statement period ends. Find out more about your Ramp Statements and Statements Payments here.

Unlocking your full limit

Every customer who comes on board to Ramp will have a temporary limit of $10k until they pass debit checks. You may unlock your full limit by verifying your bank accounts. More information about this process can be found here.