Frequently Asked Questions
Here are a few answers to our most common questions
The minimum fico score is 700 but you must still meet all requirements
You must have at least 3 primary tradelines. Being an authorized user will not qualify you.
- Credit cards from a major bank such as Chase, Bank of america, or American Express
- Auto loan
Credit History has to be at least 2 years old
Credit cards must have a minimum limit of $5,000
Your credit profile cannot have more than 3 inquiries per credit bureau. If you do, there could be a chance some can be removed for a fee.
A balance is fine but credit card utilization must be under 30%
Any late payments must be 2 years old.
Bankruptcies, Collections or tax liens
Business funding is in the form of credit cards and comes directly to the client.
Datona Solutions will teach you how to liquidate the cards.
The business credit companies Datona solutions go to will NOT show up on your personal credit profile.
Once you're qualified and we receive all necessary documents, the process takes place in 24-48 hours and you'll receive the funding within 7-10 business days.
Funding amount is contingent upon a few factors.
- Length of business (business can be new but the more aged, the better)
- Business must be set up per funding standards (Datona solutions does provide a service for that)
- Age of credit(Typically you will get approved for 5 times your highest credit card limit. Example: If your highest credit card is $2,500, generally you will get approved for $12,500)