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LQD Business Finance

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LAST UPDATED: February 29th, 2020

LQD Business Finance is an online lending company founded by CEO George Souri in 2010 in Chicago, Illinois. LQD has developed its own proprietary risk management platform to assist small business owners with comprehensive financing and offers a wide variety of lending options. Small business owners will need to have excellent credit histories and at least one year in business in order to be approved.

Typical borrowers through LQD Business Finance have excellent credit histories along with at least two years of consistent business income. These borrowers generally need fast access to working capital for a variety of business needs. Consumers that choose LQD Business Finance should remember that they must have a credit score of 550 or higher.
Small business loans from LQD Business Finance are typically used for location acquisition or expansion, working capital, purchase orders, account receivables, and refinancing.

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The Good

  • Several Lending Options
  • Positive Customer Feedback
  • Other Benefits

Several Available Lending Options

LQD Business Finance offers a wide variety of lending choices for small business owners to choose from. The finance services company offers traditional loans, short-term loans, equipment financing, merchant cash advances, and more. Interest rates range from 15 percent to 25 percent with origination fees ranging from 0.5 percent to 5 percent. Borrowers are able to calculate potential monthly payments and have access to educational articles featuring tips and resources directly on the company's website.

Positive Customer Feedback

LQD Business Finance has not received any complaints from dissatisfied customers within the last three years. Online customer reviews are mainly positive in regards to the company's customer service experience. The company also features several case studies from satisfied customers on its website.

Other Benefits

Other benefits of LQD Business Finance include:

  • Fast approval
  • Several lending choices
  • Short and long term options
  • Customized financing solutions

The Bad

  • Requirements
  • Undisclosed Fees
  • Time to Funding


A credit score of 560 or more is needed to qualify for their services. Also, startup business owners are not eligible for funding, because the company requires at least two years of consistent business income. It is undisclosed what annual revenue is required to qualify at this time.

Undisclosed Fees

The company does not disclose certain fees to the general public on its corporate website. There is no information regarding prepayment penalties or closing fees. Average interest rates are for borrowers with excellent credit histories, and those without great credit may be charged higher rates. This makes it hard for potential borrowers to determine if the offered lending options from the financial services company are the best available choices.

Time to Funding

Small business owners typically receive funding within 7-10 days, which is not suitable for small business owners needing fast cash for emergency situations. Many other online lenders offer access to funds within one to three days or less.


The Bottom Line

LQD Business Finance is best suited for established small businesses that have been in operation for more than two years and have decent credit. The finance services company offers several customized financing options, but does not disclose potential borrowing amounts or fees on small business loans to the general public. We do not recommend working with LQD Business Finance at this time.

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Advisor Vancouver, BC

Promised one thing, took the fee then declined a loan. The very reason for their rejection was made clear from the start (it was page 3 of the deck, explained on calls etc). Borderline fraudulent if not full fledged con men. Please avoid even though RM seems nice at first. We were lucky - found a larger loan at 63% lower cost (below the quoted rate and fees).

3 years ago