Frequently Asked Questions
#dominofxgroup #abillioninfunding
Have a question about DominoFX Group, our loans, or our programs? Take a look at our most frequently asked questions.
DominoFX Group works with its sister organization, The Domino Effect, to connect Founders to Funders with technical assistance, business courses, business advisors, and access to other programs and services.
DominoFX Group
What is DominoFX Group
DominoFX Group is a minority-led small business online lender marketplace with a fully online application process offering a wide array of loan products. DominoFX Group partners with the best in non-bank financing, private capital and various state banks to administer programs using our technology enabled platform and team of experienced banking professionals.
Is DominoFX Group a bank?
No. DominoFX Group is an online lender marketplace, but not a bank. By definition, banks take deposits and keep them in accounts for customers. We partner with banks, CDFIs and private capital and other trusted, reputable lenders.
Where is DominoFX Group headquartered?
DominoFX Group is headquartered in Northern California, but has partnerships in multiple states, working with small businesses nationwide and building an entrepreneurship school in every state.
What are the Qualifications for a Business Loan?
Qualifications differ depending on the lender, so there's no simple answer.
When you apply with us, our team navigates a diverse lender marketplace to match you with the right lender for your business.
Whether you have challenged or perfect credit, our team will find you the right lender or program. We pull in the right lending partners for each client to provide them with with the best options they qualify for.
What can I expect when I apply for a loan?
Our online application requests information about you, your business, and your business's finances. It then asks you to upload official documents that support the information you provided. In order for us to provide you with the best options available to you as well as staying compliant with laws and lenders, we review these documents and perform verification on your identity and finances.
How quickly your application proceeds depends on the type of loan, how quickly you provide additional information, and other factors which vary on each business owner's need and unique situation.
We have guides, videos, and resources to help you every step of the way. Please visit https://www.dominofxgroup.com/blog.
How do I get an update on my loan application?
Visit dominofxgroup.com or login to your back portal, depending on the program you are in. If you prefer to talk to a persn, we want to speak to you! Please call us at the phone numbers on our Contact Us page.
Does DominoFX Group run my Credit?
Our in-house underwriting team does soft credit pulls. From there, we can understand which lenders will approve you.
We do this through our lender matching technology and, of course, our team of expert Business Finance Advisors.
A majority of the lenders on our platform will also do soft credit pulls. If you are going to get a hard inquiry when you want to accept your offer, we'll let you know upfront immediately.
What is the Interest Rate on a business loan from DominoFX Group?
The rates can change depending on the different lending products. At banks, interest rates are generally the prime rate +2%, but strict qualifications restrict many businesses from reaching an approval that aligns with their business goals.
We offer SBA loans, equipment financing, business term loans, lines of credit, inventory financing, A/R financing, and asset-based lending. All these products come with different rates, and they all change constantly.
For equipment and SBA funding, interest rates are in teh single digits (6-8% range)
A/R and asset-based lending come with single digit interest rates if you have high-quality receivables or collateral.
If you don't have B2B receivables or collateral, rates are around 1% per month and will increase from there. This equates to 10-18% annually.
We have all the lenders, banks and investors in one place. We look to get you the best deal and get you the most competitive interest rate for whatever you're looking to accomplish.
Do you have options to Build Business Credit?
ABSOLUTELY! Business Credit is a beast and a game changer that can help you start when you have challenged personal credit, no collateral or cash flow. OR if you're an established business looking to boost the value of your business, offset your business expenses by 50-90%, separate your business from your personal liability and provide more flexibility in your cash flow.
We've helped hundreds of businesses build their business credit. Schedule your FREE Funding Planning Assessment today. We'll look at your business' foundational aspects and
make sure they're done the right way, that gives you the biggest chance of getting approved for credit, financing AND being able to get it at the best terms.
OUR BLOG
Latest News & Article
🚨 How to Avoid Loan Scams and Protect Your Business from a Debt Spiral
By Dominique Brun | Mindset + Funding Strategist | DFX Blog
https://dominofxgroup.com/subscriber
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Let’s talk real.
You’re out here building your dream — trying to grow your business, pay your team, or finally launch that big idea. But when banks say “no” and cash gets tight, those online “quick funding” offers start looking real tempting.
Fast approvals. No docs. Cash in 24 hours.
Sounds like a blessing, right?
For many business owners, especially women, veterans, and those labeled “unbankable,” it feels like the only option.
But here's what they don’t tell you:
If you don’t understand what you’re signing, you could end up in a financial trap called a debt spiral.
And that’s exactly what we’re going to break down today.
💥 Real Story: How One Client Almost Lost Her Business
Let me introduce you to Nicole (name changed for privacy) — a client we worked with at DFX. She runs a daycare in Georgia and needed working capital fast after being turned down by her bank.
So she took a $30K Merchant Cash Advance (MCA) from an online lender. Within 48 hours, the funds hit her account.
But the repayment?
💸 $540/day, 5 days a week — auto-drafted from her business account.
Within one month, she paid over $10,000 in daily payments… and still owed the full amount. She came to us overwhelmed, behind on payroll, and on the edge of closing her doors.
This is called a debt spiral. And it happens more than you think.
📉 What’s an MCA Debt Spiral?
A Merchant Cash Advance is a form of financing where a lender advances you a lump sum in exchange for a fixed percentage of your future sales — often with daily or weekly payments.
Sounds simple, but here’s the trap:
There’s no amortization (like in a normal loan).
There’s no end date.
There are no early payoff benefits.
And the “factor rate” often means you’re paying 40–200%+ APR.
When business slows, daily payments don’t. So what happens?
You take another MCA to cover the first one.
Then a third.
Now you’re stuck — robbing Peter to pay Paul.
That’s the MCA debt spiral.
💡 DFX Rule: Only use an MCA when you have an exit plan — like a contract payout or refinance. If you don’t, you risk losing everything.
🚩 Red Flags: How to Spot Loan Scams or Predatory Lenders
The funding world is full of landmines. Here's what to watch out for:
❌ “No credit check” + “instant approval” offers
❌ Daily repayment structures without a clear end date
❌ Triple-digit interest or vague terms
❌ Upfront fees via Zelle, Venmo, or Cash App (big red flag!)
❌ No business verification
❌ Fake websites or pressure to sign within 24 hours
✅ Pro Tip: Always check for reviews, real contact info, and ask questions. If a lender can’t clearly explain your rate or repayment schedule — RUN.
✅ What to Do Instead: Step-by-Step Guide to Get Funded the Right Way
Step 1: Know What You Need — and Why
Ask yourself:
How much do I need?
What will I use it for (equipment, payroll, inventory)?
Can I realistically repay this over time?
Clarity prevents desperation.
Step 2: Qualify Before You Apply
This is where many business owners go wrong. They apply blindly — hoping something sticks.
But every time you apply, you risk getting rejected. And if you’re using your personal credit, too many inquiries or high utilization can tank your score.
Different lenders have different niches:
📌 Download our FREE Business Loan Prep Checklist to see where you stand.
Step 3: Use Trusted, Transparent Resources
Start with trusted government-backed and nonprofit resources:
🏛️ SBA Funding Programs
📍 America’s SBDC — for 1:1 support in your area
🧠 DFX Blog — packed with financial education, lender tips, and strategy
Step 4: Get Matched, Not Mass-Applied
At DFX, we’re not lenders — we’re educators and funders.
We partner with reputable lenders and match you based on:
✔️ Time in business
✔️ Monthly revenue
✔️ Credit profile
✔️ Industry type
✔️ Risk tolerance
This helps you avoid shotgun applications and get funded smarter, not harder.
🎯 Book a free strategy call with us here → dominofxgroup.com
🛡️ What to Avoid
❌ Applying to 10+ lenders at once — it damages your profile
❌ Fast-cash without understanding the terms
❌ Ignoring your cash flow and repayment ability
❌ Borrowing emotionally — not strategically
💬 Final Word: You Deserve Capital with Clarity
Here’s the truth no one tells you:
Just because you need funding fast doesn’t mean you have to be desperate.
You deserve ethical lenders, transparent terms, and support that puts you first.
At DFX, our clients come to us feeling unheard, denied, and overextended.
They leave with confidence, clarity, and capital that works for them — not against them.
🔥 Take the Next Step:
🎥 Subscribe to our YouTube Channel for free weekly trainings
How to Avoid Loan Scams and Protect Your Business 💼🚫
Don’t get trapped in predatory lending! In this video, I break down:
• What an MCA (Merchant Cash Advance) debt spiral really is
• Red flags to avoid loan scams
• How to qualify for funding without damaging your credit
• Trusted resources: SBA, SBDC, and more
• Our real client case studies at DFX
✅ Read the Blog: dominofxgroup.com/blog
📞 Book Your Free Strategy Session: dominofxgroup.com
Your business is worth protecting. Let us help you do it right.
— Dominique Brun, Founder of DFX
🧩 Related Articles:
Denied Personal Credit? These 14 EIN-Only Business Cards Could Be Your Lifeline
Top Funding Mistakes Entrepreneurs Make — and How to Fix Them
Disclaimer: This is for educational purposes only and does not constitute financial or legal advice. I am not a licensed financial advisor.
#BusinessFunding #LoanScams #SmallBusinessTips #ProtectYourPeace #DFX
Testimonials
Real results from business owners just like you
Cheryl Reisner, a former bank lender from Shreveport, Louisiana. The suite’s business credit building process unlocked more funding options than she ever imagined, opening up new possibilities for her business. Cheryl believes every business owner can benefit from the Business Finance Suite, as it revolutionizes how they operate.
Louis, a Miami-based business owner found success using the Business Finance Suite, which helped establish a business credit profile. This enabled them to apply for funding without using their Social Security number, eliminating personal liability for credit applications. The speaker highly recommends this program to fellow business owners.
Edward from El Paso, Texas, struggled to secure funding for his small businesses until discovering the Business Finance Suite. Within a month, the suite helped set up his business correctly, establish trade lines and revolving credit, and now he’s on track to receive funding. Edward guarantees it’s worth the investment and only wishes he’d found it sooner.
