Financial statement underwriting
Overview
If you’re one of our customers making monthly payments, we can use financial statement underwriting to assign your account’s credit limit based on financial statements. The documents we can accept include balance sheets, income statements, and cash flow statements. Brex will evaluate the company’s year-over-year performance, including liquidity, profitability, and leverage metrics, to determine the credit limit.
Getting started
Account and card admins with access to financial documents will be notified when your next set of financial statements are due. This happens on a quarterly, semi-annual, or annual cadence. You can contact your Brex representative to confirm your account’s specific timeline. Once you receive the notification, you can upload the financials by following the instructions below:
In your dashboard
Once you receive a notification, you can take action by either tapping the notification directly or going to your dashboard to upload documents.
Step 1: Click your name in the top right of the dashboard and select “Statements and documents”
Step 2: Select Select Financial Statements on the left pane > Add documents.
Step 3: Click Upload documents to follow the prompts to upload new documents.
We can accept financial documents in PDF form. Please ensure you click “Send for review” once the relevant documents have been uploaded. Converting an Excel file to a PDF may cause the columns to flow over to a second page. If this happens, please delete or hide any unneeded Excel columns to keep all content contained to a single page. A balance sheet provides an overview of a company's assets, liabilities, and shareholders' equity at a specific point in time. It gives a snapshot of what a company owns and owes, as well as the amount invested by shareholders.
An income statement, also known as a profit and loss statement, shows how much revenue a company earned over a specific period of time. It also details the costs and expenses associated with earning that revenue.
A statement of cash flow shows the amount of cash and cash equivalents entering and leaving a company. It provides information about a company's operating, investing, and financing activities.
These documents should be official, detailed, and up-to-date in order to provide an accurate representation of your company's financial health. Note: Your document can contain multiple quarters' statements in a single file.