Can I still apply if I have bad credit?
Unlike some traditional lenders, your credit score isn’t the most important factor in whether we approve your business loan. We take a number of factors into account to determine if you’re eligible for small business funding. As a responsible and trusted lender, we won’t lend to businesses who we believe are not in a financial position to repay their loan successfully.
What are the fees?
As a lender who prides itself on total transparency, we can promise no hidden fees. We simply charge a 2.5% establishment fee that is deducted at settlement. After this, your weekly repayments will be calculated upfront, with the same amount being deducted from your nominated account each week. No shock, no surprises.
What types of small businesses does Lumi lend to?
We provide unsecured funding to small-medium enterprises, ranging across multiple industries. These include retail, hospitality, trades and labour, health and wellness, franchises, and professional services (just to name a few).