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.

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Typical Borrowers

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. The minimum accepted credit score in order to qualify for a small business loan is 560; however, even higher scores help borrowers qualify for larger funding amounts and lower interest rates.

Best Uses

Small business loans from LQD Business Finance are typically used for location acquisition or expansion, working capital, purchase orders, account receivables, and refinancing.

Minimum Qualifications

  • Two Years in Business
  • 560 Credit Score
  • Required Personal and Business Collateral

The Good

  • Fast approval
  • Several lending options
  • Positive customer feedback

Pros of LQD Business Finance Small Business Loans

  • Fast Approval
  • Several Lending Choices
  • Short and Long Term Options
  • Customized Financing Solutions

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.

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.

Compare to Other Business Loans

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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Frequently Asked Questions

How long will it take to receive funds from LQD Business Finance?

The company is able to have funds available for use within approximately 7–10 days.

Does LQD Business Finance require collateral with its loans?

The company does require some form of business and personal collateral in order to receive a loan.

Does LQD Business Finance have prepayment penalties?

The company does not disclose any prepayment penalties on its website.

Does LQD Business Finance charge origination fees?

The company charge origination fee ranging from 0.5 to 5 percent.

Does LQD Business Finance charge closing fees?

The company does not disclose closing fees on its website.

How can I contact LQD Business Finance?

Consumers may contact the company by phone at 1-855-402-2077.

More Information

Types of Loans Offered

  • Traditional Term Loans
  • Short-Term Loans
  • SBA
  • Equipment Financing
  • Lines of Credit
  • Micro-loans
  • Merchant Cash Advances
  • Peer-to-Peer Lending

Rates Offered

15–25 percent

Term Lengths

Six month to four year terms

The Borrowing Process

Small business owners will need to fill out a short pre-qualification form online with some basic business information. Borrowers that meet the finance services company’s criteria for pre-approval will then meet with a loan specialist by phone to discuss potential options. Borrowers will be asked to submit business income documentation and provide collateral in order to obtain a loan through the company and must meet credit history requirements. Once approved, acquired funds can be transferred to a business bank account owned by the borrower within seven to ten business days.

How to Apply

In order to apply for a small business loan, small business owners must complete a pre-qualification form located on the company’s website. This form only takes a couple of minutes to complete and asks for some basic business information in order to determine eligibility. The applicant will then be contacted by an LQD Business Finance company representative to discuss potential loan options.

In order to be fully approved, the borrower will need to submit income documentation and collateral. Borrowers should be prepared to show proof of business income as well as personal tax documents for two years. The company may also need to see any assets or liabilities held by the business and borrowers must also have a minimum 560 credit score in order to qualify. Higher credit scores will typically generate lower interest rates and other fees. Acquired funding can be received in the borrower’s business bank account within seven to ten business days.

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