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.
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How to Qualify for a Business Loan (Without Wasting Time or Getting Denied!)
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If you’ve ever spent hours applying for a business loan only to get ghosted — no callback, no money, no explanation — trust me, you’re not alone. Most women, moms, and minority entrepreneurs I work with have been there.
At DominoFX Group, we help you stop wasting time and start getting YESes from the right lenders. In this post, I’m breaking down the real reason business loans get denied, what lenders are actually looking for, and how to qualify for a business loan the smart way.
📌 Want a full checklist to follow? Download it from our blog here »
📅 Ready for real help? Book your FREE strategy session now »
🎥 Prefer video? Watch this episode on our YouTube Channel »
Why Getting Approved for a Business Loan Actually Matters
Getting a loan isn’t just about getting a check — it’s about creating options:
✅ Hiring help
✅ Scaling your product or service
✅ Finally investing in marketing
✅ Paying yourself and building a real business legacy
But what stops most people?
❌ Applying for the wrong type of funding
❌ Using personal credit instead of business credit
❌ Not looking fundable on paper
❌ No revenue documentation
❌ No business credit history
The truth is: if your business isn’t set up properly, you’ll keep getting denied — even if your idea is genius.
Step 1: Pick the Right Type of Business Loan
Different funding types are meant for different stages. Knowing the difference can save you time, stress, and inquiries on your credit.
Here’s a breakdown:
📝 Read more on this in our article: What Business Loan is Right for Me?
Step 2: Make Sure Your Business is “Lender-Ready”
This is one of the most overlooked parts of qualifying for business credit or loans. Lenders check to see if you’re legit — even before pulling your credit report.
Here’s your “fundable profile” checklist:
✔️ Registered LLC or Corporation (no sole proprietors)
✔️ EIN from the IRS
✔️ Business checking account
✔️ Business phone number (not your cell)
✔️ Website and professional email (no Gmail)
✔️ DUNS number
This is foundational. No matter what type of loan you’re applying for, this stuff must be in place first.
👉🏾 Need help with setup? Book a call with our team » 888-488-4145
Step 3: Build Business Credit (The Right Way)
One of the fastest ways to qualify for a business loan — without relying on your personal credit — is to start building business credit with your EIN.
Here’s how you do it:
Open net-30 accounts with vendors that report to business bureaus. Start with:
Uline
Quill
Grainger
Nav
Pay on time (or early)
Build at least 3-5 tradelines that report to:
Dun & Bradstreet
Experian Business
Equifax Business
Once your profile is established, you can access $50K+ in business credit — often with no personal guarantee.
📚 We break this all down in our article: Best Business Credit Cards with EIN Only
Step 4: Know Your Numbers
You don’t need perfect credit to get funding. But lenders will want to see that your business is financially stable.
What they look at:
Revenue (typically $5K/month or more)
Profit margins
Debt-to-income ratio
Average daily bank balance
3–6 months of consistent income
No overdrafts
You also want to track your business credit score through Nav or CreditSignal — just like you do with your personal credit.
💡 If your revenue is up but cash flow is tight, SCHEDULE your FREE Funding Session to get your Current Blueprint.
Step 5: Gather the Right Documents
Once you’ve built your profile and know your numbers, get your documents ready to go. When lenders ask, you want to move fast — because real opportunities don’t wait.
Have this ready:
EIN letter
Articles of incorporation
Business license
3–6 months of bank statements
Voided business check
Profit & loss statement
🚀 This is how you get funded in under 30 days.
What’s Next?
✅ Set your business up the right way
💳 Start building business credit today
🧾 Get your documents in order
📅 Book your FREE 1:1 funding strategy session here »
🎥 Subscribe to our YouTube channel for weekly videos and real talk on getting funded
💬 Final Thoughts
Funding is the key to freedom. But only if you know how to get it.
We’re here to help you go from frustrated to funded — whether you’re a new entrepreneur, mompreneur, or veteran in business.
🧠 Want to go deeper?
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.
