Frequently Asked Questions

Luca offers cash advances tailored to the needs of small business owners, with a special focus on Latino entrepreneurs.

This financing can be used for a variety of business needs, such as expansion, inventory purchases, hiring staff, payroll expenses, advertising, equipment upgrades, emergencies, or debt consolidation.

Luca focuses on personalized service in Spanish, on transparency, and on offering more flexible terms than daily payments. Unlike other institutions, there are no intermediaries or complications, and the process is designed to be direct and simple.

Luca provides financing to a variety of industries, including: Construction and home remodeling, Bars, restaurants, and food trucks, Beauty and personal care salons, Transportation and vehicle repair, Manufacturing, Cleaning services.

Yes. Luca is a direct funder, which means you won't pay extra fees on your advance with us.

The basic requirements include: Having a personal FICO® score of 580 or higher, Having average monthly sales of at least $7,500, Having at least 6 months of business operation, Owning a business bank account.

The amount depends on factors such as your business's monthly revenue, time in operation, and your credit score. At least $7,500 in monthly revenue, 6 months in operation, and a minimum score of 580 are required. Based on that, you could qualify for amounts between $5,000 and $100,000.

No collateral of any kind is required. The cash flow of your company's bank account is what backs you.

Luca only works with businesses based in the United States. We offer our service in all 50 states, but not in Puerto Rico.

Yes. You can apply with your ITIN number; you don't need to be a U.S. citizen to access financing with Luca.

The process consists of three steps:

1) Complete a simple application with basic information about your business and submit your last 4 bank statements.

2) A Luca representative will get in touch to advise you and tailor an offer.

3) Accept the offer, sign the contract, and receive the funds directly in your bank account.

Once the process is complete and the contract is signed, you can receive the funds in your bank account in less than 24 hours.

During the application, we'll ask you a few basic questions about your business. At the end, we'll ask you to upload the last 4 statements from your business bank account so we can analyze them. Once you receive and accept our financing offer, we'll sign a contract to formalize the agreement. Everything is 100% digital.

Yes, it is. Once you've paid off more than half of your current balance, we can evaluate the possibility of increasing it or applying for more capital, as long as your payment history has been positive. The more payment history you have with us, the better the terms we can offer you.

Quite the opposite. There are no penalties for paying early; in fact, if you cancel your financing ahead of schedule, you'll end up paying a lower total cost. At Luca, we reward customers who want to close out their commitment before the established term.

Any business can go through a rough patch, so if at any point you can't keep up with your payments, the best thing you can do is reach out to us. We'll help you restructure your payments for a while so you can get your finances in order. Remember, the key is communication with us. If you ultimately don't pay, it will affect your company's credit history, which could make it harder to obtain financing in the future.

The total cost of the financing varies based on your financial profile, income, and documentation. Once your documents are reviewed, Luca presents you with a clear, personalized proposal with the full terms. Advances are offered from $5,000 up to $100,000 with terms of 5 to 12 months.

Applying doesn't affect your personal credit, since Luca doesn't perform hard checks. Even if you receive the financing, your personal credit score won't be affected.

We don't offer daily payments because we believe they can affect our customers' cash flow. We offer financing with payments that are initially twice a week, weekly, or biweekly.

At the moment, we offer financing with payments twice a week, weekly, or biweekly. The repayment type you qualify for will be determined based on the analysis of your documentation.