As your business grows, so do your expenses. Here are the ways we can extend your credit limit to support your SaaS spending as you scale:
1. Connect a new bank account via Plaid
By adding a new bank account through Plaid, you allow us to run the numbers and retrieve a new credit limit to add on top of the credit limit you already have from your first account.
We have a step-by-step guide to connecting a new account in your workspace here.
Connect your bank account with login credentials to automate the process.
If you connect manually, we won't have the necessary transaction data to recalculate your credit limit. In this case, please reach out to support@cledara.com for alternative solutions.
2. Shorten your statement cycle
Shortening the statement cycle means that you are repaying more often, and thus having your available balance replenished more often.
If your Cledara account runs on a monthly statement cycle, you can shorten it so that your statement closes weekly or daily.
This means that you can spend up to your credit limit every week or even every day. Hurray to more purchasing power!
You can find more information here. We will be happy to assist in shortening your statement cycle at support@cledara.com.