Companies can anticipate credit limit increases as their cash reserves grow through seamless integration with Divvy expense management software.īecause the card operates through the expense management software, system administrators can issue multiple employee cards (including unlimited virtual cards) and then set strict spending limits per employee and card. Scalable Credit and Enforceable SpendingĪnother advantage Divvy offers is scalable credit lines. With Divvy’s accounting integrations, including reporting and insights, you can focus on the management of your clients, making life easier – no matter what the size of your business. Along with spending notifications, instant categorization, and a two-step review process, you can take advantage of easy dispute resolution, report drilldowns, and simple reimbursements.Īll of the data is stored and accessible in one place, so Divvy essentially becomes an end-to-end spend management platform that truly allows you to take control of your business finances – and at no cost, with no contracts. In addition to granting customers a strong credit line, Divvy shines in allowing business owners to manage expenses and budgeting in an easy, streamlined format. Traditional and cash underwriting are offered as well, making it easy for companies to find a bespoke credit line for their unique needs. Divvy also operates several different underwriting forms – the company even boasts an internal underwriting team for new applicants. The Divvy Card operates a fast application process that requires only six steps and may result in a near-instant underwriting (depending upon the business’s cash supply and income). This benefit is especially advantageous for businesses, as traditional credit lines take time – and a deep dive into corporate finances. East, Fast Approvalįintech credit cards are great at streamlining the application process. There may be certain cases in which applicants will need to provide one. However, as mentioned, Divvy does not require a personal guarantee in most situations. Because the Divvy Card removes this security requirement, business owners can feel safe knowing that opening a credit line through Divvy and Cross River Bank will not tie their business’ losses to their own credit. A personal guarantee is a standard feature for business credit cards and makes an applicant accept personal liability for the company’s debts. Not sure Divvy will work for your business explains how the Divvy card works, compares it to other cards, and explains its pros and cons. In most cases, the Divvy Card does not require a personal guarantee to open. The card is issued through fintech startup, Divvy, and Cross River Bank, and provides the ideal platform for helping small businesses (plus midsize businesses and larger commerce and retail brands) streamline the spending they make each month – without impacting their personal credit scores. The Divvy Corporate Business Card is a corporate credit card that promises no fees, scalable credit lines, enforceable budgets, and more.
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