Frequently Asked Questions
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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.
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Office Depot Net 30 Review
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“So often people are working hard at the wrong thing. Working on the right thing is probably more important than working hard." - Caterina Fake, Flickr co-founder
Become a MEMBER, Join today and unlock amazing benefits through The CEO Creative, one of the top tier-1 net 30 vendors for building business credit.
Office Depot is a great option for a net 30 account, especially if you’re already buying office supplies regularly. 🖇️📦
Here’s the deal—they report all your payments directly to Dun & Bradstreet (D&B), which is huge for building your business credit. And the best part? No hidden fees, no application fees—it’s straightforward to get started. 💡💳
If you’re serious about building your business credit, an Office Depot net 30 account is a solid move to add to your strategy. Let’s leverage every tool available to grow! 🚀
Office Depot Net 30: A Smart Choice for Building Business Credit?
The Office Depot net 30 account is a smart option for businesses looking to grow. Let’s face it—most small businesses need office supplies, furniture, and other basics to keep things running smoothly. That’s what makes this account such a practical choice.
What really stands out are the benefits. No application fees, no extra charges, and no minimum purchase requirements—just straightforward terms. Plus, every payment you make is reported to Dun & Bradstreet (D&B), helping you build business credit along the way.
While it’s not perfect, any downsides are minor and don’t outweigh the advantages.
If your goal is to establish your credit history and boost your business credit score, the Office Depot net 30 account is definitely worth considering.
Office Depot's Net 30 Account Pros
No Application Fees or Annual Fees
A big reason businesses hesitate to open some net 30 accounts is the fees.
Many net 30 vendors charge application fees, annual or membership fees, and other costs that can stack up quickly. If you’re not making frequent purchases from a vendor, those fees might not be worth it.
Here’s where the Office Depot net 30 account shines—you won’t have to stress about extra costs.
There’s no application fee to see if you qualify, and no annual fees to keep the account active. It’s completely free to set up and maintain. 🎉
Just a heads-up: late payments come with late fees. Be sure to stay on top of payments to avoid unnecessary costs and protect your cash flow and credit score. 💳✅
Reports to Dun & Bradstreet
Opening a net 30 vendor account is only worth it if it helps you build your business credit.
The key is choosing vendors that report to at least one of the major business credit bureaus: Experian Business, Equifax Business, or Dun & Bradstreet (D&B).
Office Depot doesn’t report to Experian Business or Equifax Business, but it does report to D&B.
While some might see reporting to just one bureau as a downside, we see it as a win! It still helps you build your business credit and strengthen your payment history, which gets you closer to your goals.
Pro tip: to make sure your payments are reported to multiple credit bureaus, work with several tier 1 business credit vendors to cover all your bases. 💡
Some recommendations include:
Home Depot Commercial Account
Business T-Shirt Club
Crown Office Supplies
Office Garner
Amazon Business
Ohana Office Products
Newegg Business
Summa Office Supplies.
Office Max was an option for the average small business owner previously. However, they’ve since merged with Office Depot. An existing OfficeMax store will give you the same offers as Office Depot.
If you’re looking to further your credit-building efforts, an Office Depot business credit card could work. The Office Depot business credit card options may report to more than one business credit bureau.
With a net 30 account and an Office Depot business credit card, you can achieve more.
ODP Business Solutions also extends credit to businesses like your own.
Office Depot's Net 30 Account Cons
Considered a Tier 2 Business Credit Vendor
Here’s the deal: Office Depot is considered a tier 2 business credit vendor.
What does that mean? 🧐 Tier 2 vendors tend to be a little tougher to qualify for compared to tier 1 accounts. Why? Because they usually require you to already have some credit history under your belt.
If you’re a brand-new business, this might make it trickier to get approved right away. But don’t worry—getting rejected isn’t a guarantee. If you’ve got a few trade lines already established, you should be in good shape to qualify for the Office Depot net 30 account.
While this isn’t a major downside, it’s definitely something to keep in mind as you plan your business credit-building strategy.
So, if Office Depot is on your list, make sure you’re ready to meet their requirements. 📝
Office Depot's Net 30 Approval Requirements
Applying for the Office Depot net 30 account is a pretty simple process. Here's what you'll need to get started:
1️⃣ An established business – Make sure you’ve got your business details ready, like your corporate info and legal entity structure.
2️⃣ Steady annual revenue – They want to know you can handle your payments.
3️⃣ Some credit history – Having a solid business credit foundation helps, and good credit is key here.
One thing to note: Office Depot may require a personal guarantee. This means they'll take a look at your personal credit score, so it needs to be in good standing to qualify.
It’s a straightforward process, but being prepared will save you time and set you up for success. 💼📈
Streamline Your Business Credit Journey with DFX
Building business credit doesn’t come naturally for most business owners. Finding the right vendors, avoiding common mistakes, and navigating the process can feel overwhelming.
That’s where DFX steps in.
Our Platform breaks it down step-by-step and is designed to simplify the process and help you:
✅ Identify what’s holding you back – Learn exactly what needs to change to make real progress.
✅ Build credit faster – Get step-by-step instructions, personalized guidance, and top-notch support every step of the way.
✅ Find pre-qualified vendors and lenders – We connect you with accounts that are the perfect fit for your business.
✅ Access the best financing options – We show you how to leverage the right accounts to unlock more funding.
And that’s just the beginning.
Ready to make serious progress with your business credit? 🚀 Sign up for our DFX Business Funding Accelerator today and take control of your credit-building journey!
Resources to Help You Execute:
Here is a quick checklist to get you started. Remember imperfect action beats inaction, get started, stay consistent and let's Build! 🚀
NEED A LOAN? APPLY TODAY: https://dominofxgroup.com/get-started
SPEAK WITH AN ADVISOR: 📲 Funding Planning Session: https://plan.dominofxgroup.com/
📚Claim Your Business Credit Building Guide: https://financeguide.dominofxgroup.com/
FREE GUIDE: 12 credit lines and cards: https://12lines.dominofxgroup.com/12lines
Subscribe on LinkedIn to stay connected with the best resources to grow your business: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=718759297885977395
Register for Monthly Masterclass: "Let's Get You Funded" ~ Limited Spots!
Ready to Level Up? Join The Domino Effect Club! 🎉
DFX isn’t just about loans—it’s about creating a roadmap for entrepreneurs to thrive. Join The Domino Effect Club for access to free monthly masterclasses, pitch events, live coaching, and funding blueprints tailored to your needs. We have exclusive giveaways, challenges, and a community of like-minded founders who are here to support your journey.
How We Help: DFX simplifies the SBA loan process, ensuring you meet eligibility requirements and connect with the right lender for your business’s needs. Whether you’re looking for working capital or long-term financing, we’ll help you every step of the way.
Let’s get you funded, connected, and growing.
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.
