Kanmon FAQ

How do you determine my business loan offer?

Loan eligibility is based on a variety of factors related to your business, including your outstanding debt balance, business expenses and income, account history, payment frequency, and more. To get started on your loan offer click here.

 
Can I consolidate my business loans with Flexible Financing?

Yes, consolidating or refinancing your business loans with Flexible Financing is simple and fast. When you sign up, you will be asked to provide details about your existing debt. We will use this information to evaluate your consolidation and refinancing options. Then, our team will reach out to have a conversation with you about your best options. Click here to get started.

 
Why do I need to provide my bank connection details?

Securely connecting your business bank account allows us to review your cash flow and determine your best loan offers.

 
What if you can’t find, have trouble connecting to, or get stuck when trying to connect your bank account in Plaid?

If you’re having trouble connecting your bank through Plaid, contact our support team. We’ll help you resolve the issue or explore alternative ways to provide your financial information securely. Email: [email protected]

 
When connecting my accounting software, is there any way I can send it to my accountant?

Yes, if you select the “Business Tax Return” option when prompted with “How does your business report income”, then select “Link account”, there will be an option to “Send to my accountant” where you can provide your accountants details and have them complete the process.

 
I don’t use accounting software for my business, can I provide Tax documents?

Yes, if you select the “Business Tax Return” option when prompted with “How does your business report income”, there will be a button that says “Upload Tax Documents” where you can upload 2 years of business tax returns in PDF format.

 
Does enrolling in the program affect my credit score?

Nope! We only conduct a soft pull of your credit report, which does not affect your personal credit score.

 
When should I expect to receive a loan offer?

You will receive one or more loan offers within three business days of enrolling in the program if you qualify.

 
How do I repay the loan?

You will repay your loan with fixed, monthly payments. We will automatically deduct each payment from the business bank account you choose. Some customers may have an option to make payments as a fixed percentage of sales.

 
Can I prepay my loan?

Yes! You can prepay your loan at any time without penalties.

 
How do I track my outstanding balance and payment history?

You can track your outstanding balance, payment history, and other useful information in your funding portal. This information will begin to update as soon as you receive your funds. Click here to visit your funding portal.

 
Are there any late fees?

Yes, we charge a $25 fee for each late payment and a $35 fee for each payment that returns due to insufficient funds in your business bank account.

 
What 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 platformName has selected Kanmon as our trusted partner to offer funding to our customers. For more information about Kanmon, visit www.kanmon.com.