Cin7 Capital

Introduction

Cin7 Capital offers invoice financing right from within Cin7 Core. With invoice financing, you can borrow money against your accounts receivables to unlock cash flow and liquidity when you need it.

To finance invoices via Cin7 Capital, you must apply and be approved. Then, on the Accounting tab of the Sales module, you can select and submit invoices to finance. You’ll receive your loan from our trusted partner Kanmon, who will then deduct repayments from your business bank account according to your repayment schedule until your loan is paid in full.

Prerequisites

To apply for invoice financing:
- Your business is based in the United States.
To submit an invoice for financing:
- Your application for Cin7 Capital is approved.
- You have the Financing: Cin7 Capitaluser permission.
- The invoice’s Status is Authorized, its Due date is at least 7 days from today, and its Balance due is at least $1.00.

Apply for invoice financing

Before submitting invoices for financing, you must apply and be approved for Cin7 Capital. You must be the business owner to apply and your business must be based in the United States.

During the application process, you’ll answer a series of questions about your business. You’ll also connect your business bank account to our trusted partner Kanmon via Plaid, so they can securely review your business cash flow and perform a soft pull of your credit report (which does not affect your personal credit score).

Kanmon will make a determination—based on a variety of factors, such as your income and expenses, outstanding debt balance, account history, and more—as to whether you qualify for invoice financing and, if so, what your credit limit will be and how you’ll make repayments.

Once you’ve applied, you can expect a response via email within three days.

To apply for invoice financing:

From the navigation, open Integration.
Open the Financing tab.
Select Cin7 Capital.
Open the Cin7 Capital funding portal and follow the on-screen application process.

Submit invoices for financing

Once your application for Cin7 Capital is approved, you can submit invoices for financing:

From the Sales menu in the navigation, open Sales.
Open the Accounting tab.
Select an invoice (or invoices) to finance—you may only finance an invoice that meet these conditions:
- Its Status is Authorized.
- Its Due date is at least 7 days from today.
- Its Balance due is at least $1.00.
Select Finance invoices and follow the on-screen instructions.

Repayments and additional payments

Repayments towards financed invoices will be automatically deducted according to your repayment schedule from the business bank account connected to Kanmon. Your repayments are either a fixed amount or a percentage of sales, depending on the terms of your agreement.

You’re charged US$25 for each late repayment and US$35 for each repayment that returns due to insufficient funds.

Optionally, you can make additional payments (prepayments and overpayments) towards your loan without any penalties via the Cin7 Capital funding portal.

Outstanding balance, payments history, and more

You can view any outstanding balances, your payments history, and other useful information, via the Cin7 Capital funding portal.

FAQs

Who is Kanmon?

Kanmon is a licensed business lender founded by a team with deep financial technology experience and backed by long-standing industry investors. Kanmon is a mission-driven company accelerating the growth of the economy by re-imagining access to commercial credit. This is why Cin7 has selected Kanmon as our trusted partner to offer you funding. For more information about Kanmon, visit www.kanmon.com.

What can’t I finance?

You can’t finance:

Past due, unauthorized, or paid invoices
Invoices due within 7 days
Credit notes
Quotes