Teams on Unit can now use the platform to offer eligible business customers a revolving credit line: a business can draw down and repay over time, right inside the product they already use.
You can attach a card, physical or virtual, and your customers spend against the line the way they already spend everywhere else. Or move funds from the line straight to a connected account. The same platform that already runs your accounts, cards and payments can now support revolving credit too, on a single ledger, with no separate credit processor to stitch in.
Unit provides the financial infrastructure to build and run revolving credit, while your team controls the product, program design, and customer experience.
Why this matters
Unit already runs charge cards at scale, processing over $100M in monthly volume. While a charge card clears the full balance each cycle; a revolving line lets a business carry part of it and repay over time, and everything that makes that possible has to be built: credit ledgering, balance management, repayment allocation, interest and fee calculation, receivables management, past-due treatment logic, and the ability to reach back and correct an account when a payment fails or activity changes after the fact.
Building this in-house can take significant time and resources, while many off-the-shelf credit stacks operate separately from the rest of the money product. Unit offers an alternative: the infrastructure for revolving credit is already built into the same platform that powers your accounts and cards, so your team spends its time on designing the credit program itself.
Revolving credit can create an interest-based revenue opportunity. Because customers can carry balances between cycles, they accrue interest, a stream that doesn't exist in the charge card world.
How it works
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What Unit’s platform supports |
What you control |
| Building blocks |
A credit account that is the line itself, an optional card that attaches for card spend, a native ledger that records every draw, accrual, fee, and payment in real time, and ACH, wires, and RTP to support money movement to a connected account and repayment initiation.
The credit infrastructure also supports the mechanics of a revolving product, including statements, interest and fees, repayment allocation, receivables, and account updates when activity changes after the fact.
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Which blocks you compose: card or no card, card spend or draw-to-account.
Configurable program terms such as billing cycles, repayment windows, grace periods, interest rates, fees, past-due logic, rewards and cashback.1
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| Tooling |
The tools your team uses to build and operate on Unit, including the API and Dashboard, with UI components available where applicable.
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How you integrate the product into your experience and how your team uses Unit’s tooling within its own workflows and operating model.
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| Program management |
Capabilities and operational support for running a live credit program, including compliance support, fraud and risk management, disputes, reconciliation, reporting, customer support, and bank coordination.
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Which responsibilities your team owns and which it delegates. The operating model can be configured to your use case and evolve as your program scales.
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Imagine a business serving field service businesses, the kind used by HVAC and plumbing contractors, that already lends to its end users and wants to offer them a revolving credit card for equipment and supplies.
1
Configuring your program
Before a customer ever applies, the company defines how the credit product should work. The company helps shape the commercial and risk strategy, including the target customer, application experience, product positioning, and proposed limit framework, within the program’s approved credit policy.
Unit provides the infrastructure to support the configuration and operation of the program: credit accounts, billing cycles, repayment windows, grace periods, interest rates, fees, past-due treatment, payment restrictions, rewards, cashback, statements, repayment allocation, ledgering, reconciliation, and bank/program reporting.
In practice, this means the company can bring its own underwriting and customer experience while relying on Unit’s infrastructure to issue, ledger, and operate the credit product.
2
When an end customer applies
A contractor applies inside the software company’s product. In this example, the company runs its own underwriting and credit policy, decisions the application, and sets the credit limit. Teams can configure key product terms, including billing cycles, repayment windows, grace periods, interest rates, past-due logic, rewards, and cashback.
3
Issuing an account and card
Once approved, a credit account is provisioned through Unit’s platform and a physical or virtual card is issued through Unit’s bank partner. Multiple cards can be tied to a single credit account, such as one per technician.
4
Draw
The contractor draws on the line by spending on the card, or by transferring from the line to a connected account. Draws can post to the credit ledger as they occur.
5
Statement and interest
At the close of each billing cycle, Unit’s platform generates the statement and calculates applicable interest and fees per the configured terms: billing cycle, repayment window, grace period, rate, past-due logic, and any rewards or cashback. The contractor sees their balance, minimum payment, and due date.
6
Repayment
The contractor pays. Unit’s platform allocates the payment across principal, interest, and fees, updates the balance, and rolls the cycle forward. If a payment fails or activity is corrected after the fact, Unit’s platform retroactively updates the account so the ledger stays accurate.
Getting started
Already on Unit? Talk to your Customer Success Manager about whether revolving credit is the right next step.
New to Unit? Talk to an expert to see how you can launch and scale financial products on Unit, including revolving credit. Explore the revolving credit technical docs, and read more about how to evaluate different embedded capital products for your company.
Unit is a financial technology company and not a bank. Banking services are provided by Unit's bank partners, Members FDIC. Unit is not a lender. Credit products are issued by Unit’s credit partners. Credit products are for business purposes only and are subject to underwriting requirements, terms, and conditions.
1. Program terms are subject to bank approval
