The Lili BusinessBuild Card is a credit card that helps you build your business credit profile with Dun & Bradstreet, a credit reporting company. The credit card is secured, which means that you must deposit collateral in your Lili checking account to access the card. Your credit limit is based on the amount of collateral that you deposit and maintain in your Lili checking account.The collateral provides security for the lender, and it can be used to pay your credit balance if you fail to do so timely each month.
Who is eligible for the Lili BusinessBuild Card?
Lili customers eligible for the Lili BusinessBuild Card are:
- All legal entity customers (not sole proprietorships)
- All Lili plans (Basic, Pro, Smart, Premium)
- All locations in the U.S. except for California
- Customers who enroll in the BusinessBuild program (mandatory)
The minimum credit limit may vary depending on your business address and can range from $500 to $50,000.
Who is CapitalOS?
Lili has partnered with CapitalOS (https://capitalos.com/), a financial technology company and lender that offers the Lili BusinessBuild Card to Lili customers.
Are there any limitations on the use of the Lili BusinessBuild Card?
Yes. The following activities are not supported:
- No ATM withdrawals
- No money transfers
- No quasi-cash (money orders, traveler's checks, foreign currency)
- No gambling, betting or casino related activities
For more information, please refer to the CapitalOS Terms and Conditions.
When and how does the Lili customer pay CapitalOS for funds used during the current month?
Using AutoPay, CapitalOS will be paid once a month (the payment date will be visible in Lili's Web App). The payment is made using an ACH pull from the customer’s Lili account and typically takes 3 business days to complete, at which point the payment would then be applied to the customer’s outstanding BusinessBuild account balance. No other payment method is accepted. CapitalOS will attempt to collect the payment by debiting the amount owed from your Linked checking account. If the debit is not successful, Lili may debit the amount owed from your Collateral sub-account and remit such amount to CapitalOS, in which case your Account Spending Limit will be adjusted accordingly. If the debit is successful, your CapitalOS Account will show the credit. For unsuccessful debits, CapitalOS will impose a late payment charge of up to the lesser of: (a) 5% of the unpaid amount for each month for which the amount remains unpaid; and (b) the maximum amount permitted by applicable law. CapitalOS may also suspend your access to the Card.
Does the Lili BusinessBuild Card help build a customer’s credit profile?
The Lili BusinessBuild Card helps customers build their business credit profile by reporting their usage and payment activity to Dun & Bradstreet, a credit reporting company. All card activity reported to D&B is included in your business’s credit profile, including the fact that a credit account is opened or closed and that payments are made timely or not. So, it is important that you make timely payments. This activity may impact the scores and ratings developed by Dun & Bradstreet to help creditors and merchants assess the creditworthiness of a particular business.
Lili App Inc. (Lili) partners with CapitalOS and First Internet Bank of Indiana, Member FDIC, for the Lili BusinessBuild Card (the Card). Lili is a financial technology company, not a bank or lender. CapitalOS is a financial technology company and lender, not a bank. CapitalOS or one of its affiliates is the lender, and Cards are issued by First Internet Bank of Indiana, pursuant to a license from Visa U.S.A. Inc.