FAQs
General Q’s
Likety specializes in supporting small and medium-sized businesses by providing them with the flexible capital they need. We blend innovative technology with personalized service, working closely with you to provide an exceptional funding experience. We understand the challenges you face every day and are dedicated to lightening your load and helping your business move forward smoothly.
Revenue-based funding allows businesses to receive an upfront sum of capital in exchange for a portion of their future revenue.
We provide funding solutions to most business types, from bars and restaurants to healthcare practices to contracting businesses.
To qualify, you must be a U.S.-based business with (a) 6 months minimum time in business (b) at least $20,000 in monthly revenue (c) 550+ credit score
Pre-Funding Q’s
The application typically takes less than 10 minutes to complete!
Typically, it takes a few hours to receive a decision. However, if additional documents or questions are needed, it may take longer.
The amount of capital your business qualifies for depends on factors such as how long you’ve been in business, your business cash flow, and your credit score.
Post-Funding Q’s
Repayments are automatic and will be scheduled based on your agreement, so you have one less thing to worry about!
Not at all! You can always pay off early without any extra charge. You might even be eligible for a pre-payment discount for early payment in full (restrictions may apply). Check your agreement and get in touch with your Likety Account Manager to explore your pre-payment options!
You’ll be eligible for a renewal once you've paid off about half of your balance with timely payments.
You will receive communications from us letting you know. If I have questions about renewals or other post-funding matters what should I do? You can email your Account Manager, contact Support@likety.com, or call 1 (877) 454-5389 and select Option 3.
