In this guide, we'll provide brief information on the lending options available through our partner, Kanmon*.
You can then apply for either of the following products:
Line of Credit (A flexible form of financing that allows a business to borrow funds up to a predetermined limit)
Term Loan (A lump sum of money that is borrowed from a lender and is paid back over a set period of time with a fixed interest rate)
In order to apply for a lending product, you must meet the following requirements:
Credit score above 620
Business open for at least 1 year
Your NorthOne Account is above $2,000
Regardless of your lending option, all repayment schedules are set on a monthly basis.
To begin the lending process, log into your NorthOne Account on a laptop or desktop, and select 'Lending' at the top of your screen, and then 'Apply'.
After selecting 'Apply', an additional window will open to begin the lending application process.
*NorthOne Lending is powered by Kanmon. All loans are subject to credit approval. Your terms may vary. NorthOne Lending loans are issued by Kanmon, a licensed lender. California Loans are made pursuant to a Department of Financial Protection and Innovation California Lenders Law License. Read more about Kanmon here.