Frequently Asked Questions (FAQ's)

What kind of company is Initial Lending Group, LLC?

Initial Lending Group, LLC is a Loan Placement and Consulting Firm.
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Initial Lending Group offers unsecured loans for business, startup business and personal needs.
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Does Initial Lending Group have any upfront fees?

Initial Lending Group does not have any kind of upfront fees at all. We strongly believe that a reputable company will not charge any fees upfront.
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What is the amount of Money that I may borrow?

The maximum amount of funding that can be obtained is based on a number of factors; Credit history, Location (city and state) purpose of the loan, etc...
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If I prequalify with Initial Lending Group, does that mean I am guaranteed funding?

Initial Lending Group does not approve loans.
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What is the difference between Loans and Lines of Credit?

The main difference between loans and lines of credit is that a loan has a fixed payment and a line of credit payment is a percentage of the balance.
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What are the differences between startup business loans and business loans?

The main difference between a startup business loan and a business loan is the amount of time that a client has owned their business.
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How long does it take to receive Funds?

Typically it takes Initial Lending Group less than 24 hours to get a client prequalified. From there if the client is ready to move forward it usually takes about 48 business hours to get final approval.
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Are there types of businesses that Initial Lending Group can not get credit for?

While Initial Lending Group takes pride in being able to obtain funding for most businesses, that is not always the case.
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If I do not take the loan that Initial Lending Group provides for me am I obligated to pay the consulting fee?

While we do not charge a fee unless a client actually takes the loan, Initial Lending Group is looking for motivated clients that are looking for capital.
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What kind of documentation will I have to provide to get a loan?

With Initial Lending Group you have access to credit providers that in most cases will not ask you to provide documentation.
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I have poor credit but have someone with good credit that will co-sign for me. Can I apply?

Yes you may still apply. Depending on how your credit is it might be better for the co-signer to take out the loan without you on it at all. This will greatly improve your interest rate as well as increase your chances of getting approved.
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I have had my share of credit problems but nothing in the past couple of years. Can I apply?

Initial Lending Group is looking for motivated individuals with responsible credit history. While you can qualify with some bumps and bruises there are certain things that may cause you not to get prequalified with us.
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I filed for bankruptcy can I still apply?

If the bankruptcy is more than ten years old you may apply with Initial Lending Group. A bankruptcy on your credit report will automatically disqualify you from our program.
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Why not just apply on my own?

There are many reasons why a person should not apply for a loan without professional help. The biggest reason is that with Initial Lending Group at your side you will get professional help throughout the entire borrowing process.
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