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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What's a Merchant Cash Advance Used For
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“If you're not a risk taker, you should get the hell out of business. " - Ray Kroc, McDonald's Founder
Let’s talk about one of the fastest-growing funding options for small businesses: Merchant Cash Advances (MCAs). At DFX, our mission is to educate and empower 30 more businesses by 2025, ensuring women and veteran entrepreneurs know their financing options—and how to use them strategically.
Here’s the deal: MCAs aren’t technically loans. Instead, they’re a form of revenue-based financing where you get a lump sum of capital upfront, repaid through a percentage of your future credit card sales. This makes them fast and flexible, but not without some trade-offs.
We’ll break it all down for you—no fluff, no jargon—just what you need to know to decide if this financing option aligns with your business goals.
What You Need to Know About Merchant Cash Advances (MCAs)... for Women and Veteran-Owned Businesses
What Are Merchant Cash Advances Used For?
MCAs are all about speed and adaptability. They can help you:
💡 Stabilize Cash Flow: Cover operational expenses during a slow season or handle unexpected costs like equipment repairs.
💡 Purchase Inventory: Stock up before busy seasons or navigate supply shortages without missing a beat.
💡 Handle Emergencies: Fix what’s broken—whether it’s equipment failure or vandalism—without waiting for a traditional loan.
💡 Seize Opportunities: Jump on new business opportunities without the delays of bank financing.
💡 Support Seasonal Growth: Prepare for peak seasons with extra staff, marketing campaigns, or new space rentals.
At DFX, we ensure you don’t walk into financing decisions blind. MCAs can be a powerful tool, but they aren’t a one-size-fits-all solution.
How It Works and Why It's Not a Loan
No, a merchant cash advance isn’t a loan. It’s an advance on your future sales—essentially fronting you cash based on the projected value of your daily credit card transactions. 💳💰
Pros and Cons of a Merchant Cash Advance
How MCAs Compare to Traditional Financing
MCAs are ideal for businesses that need quick funding but don’t qualify for bank loans. However, they’re not meant to replace long-term financing solutions like SBA loans or bank lines of credit—both of which offer lower rates and more sustainable repayment options for businesses ready to scale.
As the market evolves, bank lending has tightened, pushing more businesses toward private credit solutions. That’s where DFX’s referral network comes in. We connect you with lenders that understand your business and offer options tailored to your specific needs.
Ready to Fund Your Next Step
If you’re considering a Merchant Cash Advance or want to explore smarter financing options, we’re here to help. At DFX, we specialize in helping underrepresented businesses—including women and veteran-owned companies—secure the capital they need to thrive.
🚀 Learn More: Visit our blog for insights on business financing.
🎥 Get Inspired: Watch my YouTube channel for actionable advice.
📚 Take Action: Start your application today through our exclusive lender network.
Because building a business isn’t just about making it through today—it’s about positioning yourself for the long-term success you deserve.
Let’s make 2025 the year of smart, intentional growth!
Entrepreneurship is KEY to Ownership, Financial Freedom and Growth
Entrepreneurship is ownership. It’s financial freedom. And it’s about taking control of your future. At DFX, we believe that when you’re in the driver’s seat of your business, you not only create wealth for yourself but also contribute to your community.
Women and veterans often face unique challenges when seeking funding, and that’s why we’re committed to supporting you at every step—whether it’s through SBA loans, unsecured business financing, or even revenue-based options.
Resources to Help You Execute:
For Women & Veterans 🪖
For my fellow veteran entrepreneurs, you have unique resources at your disposal to fund, grow, and scale your businesses. Here are a few to look into:
DFX: a financial literacy and referral platform helping diverse entrepreneurs establish a credible foundation. Then matches those Founders to Funders, even if denied by traditional banks. Get started https://dominofxgroup.com/get-started
· Services
Experience. Over 100 years professional lending experience
Resources. Access to hundreds of private (non-bank lenders)
Response. Experience underwriting team. Streamline system with In-depth analysts and advisors.
Target Focus. No two loans are the same, and no two lenders have the same lending policy. We know where to go and what they want to see in the loan package.
Schedule Your 📲 Funding Planning Session: https://plan.dominofxgroup.com
Here is a quick checklist to get you started. Remember imperfect action beats inaction, get started, stay consistent and let's Build! 🚀
🔍Watch our YouTube Channel
The Domino Effect - to LEARN⬇️🧏♀️ FREE COURSES & Trainings 🧠
How to get money💰 to grow your business👩🏻💻 Financing for Diverse Entrepreneurs
📚Claim Your Business Credit Building Guide: https://financeguide.dominofxgroup.com/
Subscribe on LinkedIn to stay connected with the best resources to grow your business: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=718759297885977395
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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.
