Question 1

What is Luma Financial?

Accepted Answer

Luma Financial is a small business funding platform based in Florida. We connect business owners with fast, transparent funding — including cash advances, business loans, lines of credit, equipment financing, and real estate lending. We also partner with Maxwell Advisory to offer CPA services, business brokerage, and cost segregation studies.

Question 2

What types of funding does Luma offer?

Accepted Answer

Luma offers eight core funding products: Cash Advance ($5K–$500K), Business Loans ($10K–$500K), Line of Credit ($5K–$200K), Equipment Financing (up to $500K), Bridge Loans ($50K–$2M), Fix & Flip ($50K–$1M), DSCR Rental Loans ($75K–$2M), and Commercial Real Estate Bridge ($100K–$5M). Through our Maxwell Advisory partnership, we also offer CPA & tax advisory, business brokerage, and cost segregation services.

Question 3

Does Luma lend its own money?

Accepted Answer

Luma works with a network of trusted lending partners to fund deals. We match your business with the right lender and product for your situation, managing the process from application to funding. We are transparent about this model — you always know who is funding your advance.

Question 4

Is Luma licensed in Florida?

Accepted Answer

Yes. Luma Financial operates in compliance with Florida commercial lending regulations, including disclosure requirements under Florida HB 1353. We provide clear, plain-English cost disclosures before any agreement is signed.

Question 5

What is a merchant cash advance?

Accepted Answer

A merchant cash advance (MCA) is an advance on your future business revenue. You receive a lump sum today, and repay it through fixed daily or weekly ACH payments over a set period. It's not a loan — it's the purchase of future sales at a discount. Approval is based primarily on your monthly revenue and bank history, not just your credit score.

Question 6

What's the difference between an MCA and a loan?

Accepted Answer

A business loan is a fixed debt with an interest rate regulated by law. A merchant cash advance is the purchase of future revenue — not a loan. This means MCAs aren't subject to the same interest rate caps, and cost is expressed as a factor rate rather than APR. MCAs are typically faster to fund, more flexible on credit requirements, and repaid via ACH over a shorter period.

Question 7

What are the requirements for a cash advance?

Accepted Answer

Most cash advances require: a FICO score of approximately 550 or above, at least 6 months in business, and $10,000 or more in monthly revenue. You'll also need to provide 3–6 months of business bank statements and a copy of your business license. There is no collateral requirement.

Question 8

Do you offer real estate loans?

Accepted Answer

Yes. Luma offers four real estate lending products: Bridge Loans ($50K–$2M) for short-term financing needs, Fix & Flip loans ($50K–$1M) for property investors, DSCR Rental Loans ($75K–$2M) based on property income rather than personal income, and Commercial Real Estate Bridge ($100K–$5M) for larger commercial properties.

Question 9

How long does the application take?

Accepted Answer

The initial eligibility form takes approximately 60 seconds. You'll be asked for basic business information — name, revenue, time in business, and contact details. A Luma advisor will follow up within a few hours with next steps, which typically involve submitting 3–6 months of bank statements.

Question 10

Will applying affect my credit score?

Accepted Answer

No. Luma's initial eligibility review uses a soft credit inquiry, which does not impact your credit score. A hard inquiry may occur later in the process if required by a specific lender, and your advisor will notify you before that happens.

Question 11

What documents do I need?

Accepted Answer

For most products, you'll need: 3–6 months of business bank statements, a copy of your business license or formation documents, and a valid government-issued ID. Real estate products may require additional documentation such as property appraisals, rent rolls, or title reports. Your Luma advisor will tell you exactly what's needed for your specific application.

Question 12

How fast can I get funded?

Accepted Answer

Many businesses receive funds the same business day they complete their application, or within 24 hours. Timing depends on the product, the completeness of your documentation, and the lender's current processing time. Real estate products typically take longer — 5–15 business days.

Question 13

How is repayment structured?

Accepted Answer

For cash advances and most business loans, repayment is made via automatic ACH from your business bank account — either daily (Monday–Friday) or weekly, depending on the product and lender. The payment amount is fixed and disclosed upfront. Lines of credit have interest-only payments on the drawn balance. Real estate loans typically have monthly interest payments with a balloon payment at maturity.

Question 14

Can I pay off early?

Accepted Answer

Yes, most Luma products allow early payoff. Some lenders offer a discount on the remaining balance for early payoff — ask your advisor about prepayment terms specific to your offer before signing. Early payoff terms vary by lender and product.

Question 15

What happens if I miss a payment?

Accepted Answer

Contact your Luma advisor immediately. Communication is key — most lenders are willing to work with businesses experiencing temporary hardship if you reach out proactively. Ignoring the issue typically leads to fees, default notices, and potentially a freeze on your bank account. Your advisor will help you navigate the conversation with the lender.

Question 16

Are there any hidden fees?

Accepted Answer

No. Luma believes in transparent pricing. All fees — including origination fees, admin fees, and the total cost of the advance — are disclosed in plain English before you sign anything. We will never present you with fees that weren't discussed in advance. Florida HB 1353 also requires written cost disclosures for commercial financing.

Question 17

Do you work with brokers?

Accepted Answer

Yes. Luma has an active ISO broker program for financial intermediaries who want to submit deals on behalf of their business clients. Our program offers competitive commissions, same-day decisions on most submissions, and a dedicated account manager. Visit our Partners page to learn more.

Question 18

How do I refer a business to Luma?

Accepted Answer

Visit our Partners page at lumafinance.co/partners to register as a referral partner or ISO broker. If you're an individual referring a single business — a friend or client — you can also contact us directly at hello@lumafinance.co and we'll make sure the connection is tracked.

Question 19

What commissions do partners earn?

Accepted Answer

Luma offers competitive, industry-leading commissions paid on funded deal volume. We don't publish specific commission rates publicly — structures are customized based on volume, product type, and experience level. Your partnership account manager will walk you through the full commission schedule during onboarding.

Question 20

Can I become a Luma affiliate?

Accepted Answer

Yes. In addition to our ISO broker program, Luma offers an affiliate program for non-licensed referral partners — including accountants, attorneys, financial advisors, and other professionals who serve small business clients. Contact our partnerships team at hello@lumafinance.co to learn about affiliate compensation and requirements.

Frequently asked questions.

Talk to a real advisor.

Frequently asked questions.

Talk to a real advisor.