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 North One 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 North One Account on a laptop or desktop, and select Lending on the left side of your screen, and then Apply for lending.
After selecting Apply for lending, an additional window will open to begin the lending application process.
*North One Lending is powered by Kanmon. All loans are subject to credit approval. Your terms may vary. North One 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.