What you need to know about the application
Our online application only takes a few minutes, and you’ll find out on the same screen if you’ve been approved! The application underwriting will determine your trade credit limit, monthly rate, and maximum term length.
Your account may be approved for:
- A trade credit limit of up to $50,000
- 0% for 30 days on all orders
- Monthly terms based on your tier: Up to 6, 9, or 12 months
- A monthly rate starting at 1-5%*
*Interest is dynamic and your rate varies slightly based on your selected term length.
For a list of our requirements, please visit Is my business eligible for Credit Key's B2B financing?
Applying has no impact on your credit
- There is no impact on your credit to apply with Credit Key. There is only a soft inquiry on your personal credit, and the minimum requirement is a FICO score of 600.
- Our underwriting factors in other requirements from your personal credit report (ie. past bankruptcies, etc).
- Credit Key is a business account, however, we check personal credit as there is a personal guarantee on each order loan.
- Your approved trade credit limit will be valid for at least 6 months. Credit Key is a responsible lender and credit refreshes are due on all accounts every 6 months. This refresh is prompted by an action on your Credit Key account, such as attempting to place an order or requesting a higher credit limit.
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Your terms may be impacted positively or negatively after a credit refresh.
Ready to apply? Find a vendor you'd like to work with and apply through their website!
Important: To ensure there are no delays in processing your application, please make sure your information is up to date and accurate when filling out the application.
For a list of our requirements, please visit Is my business eligible for Credit Key's B2B financing?
What you need to know once approved for a line of credit
We'll pay your merchant directly, so you can pay us back over time
- Credit Key is a B2B payment solution to cover the cost of your order up front and give your business the option to pay back over time.
- Credit Key will fund your merchant upfront for an approved business purchase, and set up installments for you to pay us back every 30 days.
- Credit Key is an online lender, so the transactions take place online. No need to wait for a card in the mail.
- You can use your trade credit limit instantly with any of our merchant partners, simply click the option to pay with Credit Key at checkout.
Payments are automatically pulled to give you more time to focus on growing your business
- You will not have to worry about making your payments on time, as the payments are pulled automatically every 30 calendar days according to your confirmed payments schedule*.
- Please note, that the date every month may vary slightly on your repayment schedule.
*You can access your payment schedule via the borrower portal.
To access your portal, please visit ---> https://borrower.creditkey.com/
There is no cost to have an open Credit Key account
- There is no cost to have an open account with Credit Key!
- Your automatic payments will not start until you’ve confirmed the order with your merchant, and the funds for the order have been disbursed to their bank.
- Each order is its own loan and will have its own repayment schedule.
Your available credit is restored when your order is paid off
- Once an order is paid off in full, the amount of the order gets added back to your trade credit limit.
- This is not a revolving line of credit, so your payments will not be reflected on your remaining credit.
See other helpful articles below for how to use your trade credit limit:
What merchants have the Credit Key option to pay at checkout?
My merchant does not have an option to pay with Credit Key, can I still use Credit Key?
For any other questions, contact our team by visiting creditkey.com/support