- FAQs
Liquida Capital - Frequently Asked Questions
Still not finding answers to your questions? Reach out to us anytime at [email protected] or contact your advisor directly.
Funding Eligibility
What are the minimum requirements to get funding?
You should have 7-10 accounts reported on your personal credit, with at least 5 being credit cards. Utilization should be below 30%, with no recent negative marks and no more than three inquiries in the last six months.
Can I secure funding without a business?
Yes, you can. However, if you’re qualified for 0% interest funding, forming an LLC can help you qualify for higher limits.
Can I get funding with just my EIN?
Yes, but to access higher limits and 0% interest terms, a strong personal credit score (680+) is often required.
Can I get business funding with bad personal credit?
If your business has been established for at least two years and has proven revenue (e.g., bank statements and tax returns), you may still qualify for non-0% options.
What if I don’t qualify?
We’ll work with you to make you eligible in the future, often through credit repair and strategic planning.
Credit and Application Impact
Will my personal credit be used for funding?
Yes, banks evaluate personal credit, even for business funding, as it shows your reliability as a borrower.
Will business credit lines report to my personal credit?
No, our team focuses on securing business credit that doesn’t report to consumer credit bureaus, except for lenders like Capital One and Discover, which we rarely use unless requested.
How will this process affect my credit score?
Applying for funding may result in credit inquiries, which could temporarily lower your score by 2-10 points. However, new accounts can enhance your credit over time by increasing your available credit and establishing more robust creditworthiness.
Will this affect my utilization rate?
Yes, adding new credit can impact your utilization ratio. However, when managed properly, additional credit lines can help reduce utilization percentages over time.
What is a thin credit profile?
A thin credit profile means you have few or no credit accounts reported, which can make it harder to qualify for financing. We can provide guidance on how to build and strengthen your credit profile.
Funding Process
How long does the funding process take?
Most clients receive funding within 7-14 business days, depending on the lender and the required documentation.
Why do you need to set up business checking accounts?
Business checking accounts are required by lenders to ensure that funds are used for business purposes and to establish a financial relationship.
What happens if I don’t receive my funding?
If funding is not approved, we analyze the reasons and help adjust your application or explore alternative financing options.
What documents or information do I need to provide to apply for funding?
You may need to provide personal and business tax returns, financial statements, proof of revenue, and personal identification.
Funding Types and Usage
What types of funding do you offer?
We offer various funding solutions, including lines of credit, term loans, equipment financing, and business credit cards.
Can I use the funding for any purpose within my business?
Yes, funding is generally flexible for business-related purposes unless specific terms apply.
What is the maximum/minimum funding amount?
Most clients obtain $50,000 to $150,000 in initial funding, with potential for up to $250,000 in subsequent rounds.
What interest rates do you offer?
Rates vary by product, ranging from 0% promotional rates to standard market rates.
Is there a penalty for early repayment?
No, there is no penalty for paying off your funding early.
Liquida Capital’s Process and Benefits
Why should I hire Liquida Capital for funding assistance?
We leverage our knowledge of credit bureaus, banking relationships, and extensive client data to maximize your funding potential.
Why can’t I apply for funding myself?
You can, and we can even show you how. However, most clients choose us for our expertise and to save time and effort.
Am I guaranteed to be approved?
Approval depends on your unique profile. We provide tailored solutions to maximize your chances.
How much does it cost to work with Liquida Capital?
We charge no upfront fees and only invoice 10% of the funded amount once you receive the funds, which you can often finance at 0% interest.
Is my personal and business information secure?
Absolutely. We prioritize data security and follow best practices to protect your information.
Industries Served
What industries or types of businesses does Liquida Capital work with?
We assist a wide range of clients, from entrepreneurs and investors to small businesses and established corporations.
Do you offer ongoing support post-funding?
Yes, we provide ongoing guidance to help your business succeed beyond the initial funding stage.