FAQs

FAQs

Frequently Asked Questions

Is Lumi Financial a lender?

No. Lumi Financial Inc. is a management consulting firm providing equity lending guidance for business growth and expansion. We connect business owners with lenders, but we do not provide loans.

What is Equity Lending Consulting?

Equity lending consulting helps business owners understand potential lending options for growth and expansion. Lumi Financial provides guidance and connections to private lenders who can assess their financing needs.

Who Are Private Lenders?

Private equity lenders are individuals or organizations that provide financing outside traditional banks. Lumi Financial connects business owners with potential equity lenders, who independently assess each business financing request.

Who Determines the Interest Rate?

The lender determines interest rates based on its assessment and the proposed loan terms. Lumi Financial provides consulting to help you understand your options and the questions to ask prospective lenders.

Are There Any Consulting or Other Fees?

Please contact us to discuss consulting fees and the scope of our services. Separate lender, legal, or other third-party fees may apply and should be confirmed with the relevant provider before proceeding.

Can You Help If My Business Has Limited Equity or Collateral?

We can discuss your circumstances and whether our consulting services are suited to your needs. Potential lending options depend on the lender’s requirements. A consultation does not guarantee financing.

How Long Does the Consulting and Lender Introduction Process Take?

Timing depends on your needs, the information available, and whether a potential lender is identified. Any subsequent approval and funding timelines are determined by the lender.

What Information Should I Provide for a Consultation?

Start with an overview of your business, your growth or expansion plans, and your estimated financing needs. We will discuss any additional information relevant to the consultation. A lender may request separate supporting documents.

Can Other Business Assets or Real Estate Be Considered as Security?

A lender may consider additional assets, depending on its requirements and the proposed financing. Lumi Financial can help you identify questions to discuss, but the lender determines what security it will accept.

What Sets Lumi Financial Inc. Apart?

Our focus is on equity lending guidance for business growth and expansion. We combine personalized consulting with connections to private lenders to help business owners understand their options and take informed next steps.

Who Determines Whether Payments Are Interest Only or Principal and Interest?

The lender determines the available payment options and sets them out in the loan agreement. Our consulting can help you understand the proposed options and identify points to clarify with the lender.

Who Determines the Repayment Schedule?

The repayment schedule is established in the agreement between you and the lender. Lumi Financial does not set repayment terms. We can help you identify questions about payment frequency, timing, and how repayment relates to your growth plans.

What Is the First Step to Working With Lumi Financial?

Complete our consultation request form or contact our team. We’ll discuss your business growth plans, financing needs, and how our equity lending consulting and lender connections may help.

Does a Lender Introduction Guarantee Financing?

No. An introduction gives you the opportunity to discuss your financing needs with a potential lender. Each lender independently determines eligibility, approval, and loan terms. Lumi Financial provides guidance and connections, but cannot guarantee funding.