Overview

TikTok Shop Capital offers pre-qualified and/or pre-approved sellers access to fast and flexible business financing. It empowers sellers to drive meaningful business growth by offering customized financing offers from Storfund, Parafin, and Kanmon. Currently, the program is invitation-only. If a seller has an available pre-qualified and/or pre-approved offer, it will appear within Seller Center under the Finances tab.
Storfund, Kanmon and Parafin are providers that give access to business financing. TikTok has selected Storfund, Kanmon and Parafin as trusted partners to give access to funding to TikTok sellers. Learn more about Storfund at storfund.com/tiktokshop, email tiktok@storfund.com or call +1 (415) 570 8768. For enquires about Parafin, please email them at tiktok-capital@parafin.com or call (855) 595-0851. Learn more about Kanmon at kanmon.com, email help@kanmon.com or call +1 (619) 369-8151.

How does this benefit my shop?

TikTok Shop Capital reduces barriers to growth by offering streamlined access to funding that is powered by Storfund, Parafin and Kanmon. Through Storfund, Parafin and Kanmon, the program offers pre-qualified and/or pre-approved sellers the opportunity to tap into cost-effective capital and achieve long-term business goals. Here are some key highlights:

• Apply in Minutes: Getting started is easy with an application process that is quick and convenient.
• Get a Fast Decision: Get funding fast.
  • Storfund makes financing decisions based on TikTok Shop sales.
  • Parafin validates pre-approved offers in as little as one business day.
  • Kanmon uses a seller's success record on TikTok Shop to validate and customize offers.
• Own Your Growth: Sellers get to choose how their funding gets used for business purposes. Invest in opportunities that are right for your business.

How does it work?

TikTok Shop Capital utilizes a pre-qualification process that evaluates various factors related to your business, as assessed by our partners. This approach allows us to match sellers with relevant opportunities and needs with offerings from our partners. Storfund, Parafin and Kanmon support US-based businesses.
With Daily Advance from Storfund, sellers get paid faster for their sales. Simply put, Daily Advance advances you money each day on the sales you have made through your TikTok Shop. Instead of getting paid after delivery, you get paid on shipment day +1. There’s no limit to how much you can receive, Daily Advance will grow with your sales. Sellers choosing Daily Advance will also receive their outstanding TikTok Shop balance on Day 1.
Sellers accepting Parafin pre-approved offers may see funds in as little as one business day. Parafin does not require a credit check. Any loan can be repaid early with no penalties. All Parafin loans are issued by Celtic Bank. All loans and offers are subject to credit approval, identity verification, and are subject to periodic review and may change without notice. Loans are governed by the Loan Agreement and Parafin’s Privacy Policy. Bank transfers are subject to review.
Kanmon provides pre-qualified sellers with offers based on sales on TikTok Shop. Businesses must have a 640+ FICO that have been in operation for at least one year. Enrolling in the program does not affect a seller's credit score. As soon as a seller has signed their loan agreement, Kanmon deposits funds in the seller' bank account using same-day ACH. They will automatically schedule repayments and give sellers access to reporting on their loan's status.

Frequently Asked Questions

1. Is TikTok a lender or loan broker?
   1. TikTok is not a lender or loan broker. TikTok partners with third-party lenders and financing providers to offer TikTok Shop sellers business financing options.
2. What financing options are available today?
   1. Daily Advance is powered by Storfund.
   2. Flex loans are available through Parafin.
   3. Term loans and Line of Credit are now available through our partner Kanmon for U.S.-based sellers.
3. Who are Kanmon, Parafin and Storfund?
   1. Storfund, Kanmon and Parafin are partners that give access to capital through daily advance, business loans and lines of credit. Visit storfund.com/tiktokshop, www.parafin.com or www.kanmon.com for more information.
4. Who provides the capital?
   1. For TikTok Shop Capital products, Storfund, Parafin and Kanmon give access to capital and conduct underwriting. Storfund, Parafin and Kanmon have obtained the necessary legal authorization to provide financial services in each state they operate. Financing programs through Storefund, Parafin and Kanmon adhere to specific regulations and guidelines set by each U.S. state within its jurisdiction. Parafin provides access to capital and conducts underwriting. Parafin partners with Celtic Bank.
5. How do you determine my business financing offer?
   1. Financing offer eligibility is based on a variety of factors related to your business as determined by our partners. Factors may include, but are not limited to, outstanding debt, business expenses and income, account history, and payment history. Pre-qualified offers from Storfund and Kanmon and pre-approved Parafin offers are based on objective but limited information about your shop. A pre-qualified Storfund or Kanmon offer, or pre-approved Parafin offer, does not guarantee approval. The rate, term, and loan amount (or credit limit) included in offers from Parafin and Kanmon are estimates only and may change upon review.
6. Does enrolling in the program affect my credit score?
   1. Enrolling in the program does not affect your credit score.
7. How long does the application and assessment process take?
   1. Applications can be completed easily and quickly. It typically takes 1-2 business days to receive funds if your shop is approved. Many eligible sellers receive funding within one business day.
8. Are there any restrictions on how I use funding for my business?
   1. You must use your financing for business purposes, but otherwise there are no restrictions. TikTok Shop does not take any equity in your business.
9. How do I repay the funds I receive?
   1. Storfund repayments are automatically debited from your TikTok Shop payouts.
   2. Parafin repayments are automatically debited from the business bank account associated with your TikTok Shop payouts.
   3. Kanmon requires repayment via auto-pay deductions from the business bank account you provide during the application process.
10. How do I track my outstanding balance and payment history?
    1. You can track your outstanding balance, payment history, and other useful information on the provider's dashboard. Click the "Manage" button to access the dashboard on the program page here.
11. I have additional questions. How can I reach out with questions about my offer?
    1. Contact Storfund about Daily Advance on +1 415 570 8768 (voice calls only) or at tiktok@storfund.com
    2. For Parafin inquiries, click here. Loans are issued by Celtic Bank.
    3. If you have received a pre-qualified offer from Kanmon, reach out to help@kanmon.com or call +1 (619) 369-8151.