Introduction to Cin7 Capital

Cin7 Capital provides term loans, lines of credit, and invoice financing from inside Cin7 Core.

Term loans are large, lump sums of cash paid out upfront and in full. Term loans are perfect for big, one-off capital expenditures like new equipment and property maintenance. Interest is fixed and repayments are predictable.

Lines of credit give you flexible access to cash when you need it, helping to smooth fluctuations in irregular cash flow. For example, if you’re approved for a $10,000 line of credit, you can borrow up to $10,000 as you need. Interest is paid on the outstanding balance only.

Invoice financing allows you to borrow money against your accounts receivable. It’s an easy way to unlock cash flow on short notice, perfect for businesses who offer generous invoice payment terms, or who don’t meet the underwriting criteria for Cin7 Capital term loans or lines of credit.

To apply for Cin7 Capital, your business must be based in the United States. Your application is reviewed by our trusted partner Kanmon. They deposit funding to, and withdraw repayments from, your business bank account.

Eligibility, credit limit, and application

To apply for a term loan, line of credit, or invoice financing:

Your business must be based in the United States.
You must be the business owner to accept a financing offer.

When applying, 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. Kanmon will securely review your business cash flow and perform a soft pull of your credit report. This 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 financing, how much you can borrow, and how you’ll make repayments. Once you’ve applied, you can expect a response via email within two days.

Find out how to apply for Cin7 Capital term loans, lines of credit, and invoice financing.

Repayments and late fees

Your exact repayments schedule will depend on the terms of your agreement with Kanmon.

That said, Kanmon typically deducts repayments from the bank account of your choice on a monthly basis and accepts penalty-free prepayments. They charge $25 for each late payment and $35 for each payment that returns due to insufficient funds in your bank account.

Payments history, outstanding balance, and more

Once you’ve accepted an offer, you can review your payments history, outstanding balance, and more useful information via the Cin7 Capital funding portal:

Log in to Cin7 Core.
From the navigation, open Integration.
Open the Financing tab.
Open Cin7 Capital.
Open 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 is a UCC filing?

A UCC-1 filing is a publicly available record that provides notice of a security interest in certain property of a debtor. UCC filings are typically filed with the Secretary of State where a business debtor is organized. UCC filings can be filed for several reasons, like when a lender makes a secured loan to a business. Kanmon does not file a UCC-1 in connection with merchant cash advances.

How do I remove my UCC filing?

After you have finished paying off your loan, ask Kanmon to remove the UCC-1 filing. It may take up to 10 business days after your loan has been repaid for the lien termination to be filed. Once the lien termination is filed, it may take additional time for the Secretary of State to process the termination and provide a UCC-3 termination statement.

Can I ask for a different credit limit?

Yes, you can ask for a different credit limit. If your application is approved, you’ll receive one or more pre-approved credit limits. You can ask for a different credit limit but it must not exceed the highest pre-approved offer.

Can I change my type of financing?

Yes, if you have one type of financing and want to change to another, contact help@kanmon.com.