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Last Updated: 04/18/2025

Boefly Unsecured Lines of Credit

in Business Lines of Credit from Boefly

Last Updated: 04/18/2025

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Highlights

APR (Fixed APR)

0% - 150%(Verified 06/21/2024)

Disclaimer popup with additional information

Credit Score Range

300 - 850

Amount Range

$1,000 - $5,000,000

Boefly Unsecured Lines of Credit Review

Boefly Unsecured Lines of Credit is offered by Boefly, a marketplace lending platform founded in 2010 and based in New York, NY. Boefly Unsecured Lines of Credit are available in states.

Boefly Unsecured Lines of Credit FAQ

What APRs does Boefly Unsecured Lines of Credit offer?

Boefly Unsecured Lines of Credit offers an APR that ranges from 0% APR up to 150% APR.

Does Boefly Unsecured Lines of Credit charge an origination fee?

Yes, Boefly Unsecured Lines of Credit charges an origination fee.

Does Boefly Unsecured Lines of Credit charge prepayment fees?

Yes, Boefly Unsecured Lines of Credit charges additional fees to borrowers who pay off their lines of credit sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a line of credit early.

How much can you borrow from Boefly Unsecured Lines of Credit?

Line of credit amounts start at $1,000 and go up to $5,000,000.

What is the maximum term you can get with Boefly Unsecured Lines of Credit?

Boefly Unsecured Lines of Credit offers business lines of credit with a maximum term of 0 months. Having the option of longer terms allows borrowers to take on larger line of credit amounts while keeping monthly payments more affordable. However, the longer the term of the amounts you borrow, the more interest you will pay.

What do you need to qualify for Boefly Unsecured Lines of Credit?

When it comes to credit scores, Boefly Unsecured Lines of Credit doesn't have a set minimum or maximum. People with all types of credit scores can apply.

Boefly Unsecured Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Boefly Unsecured Lines of Credit. An uncommon feature is for lenders to offer their services to non-residents. Boefly is one of the few that does.

To qualify, applicants may need to provide the following documentation:

Proof of income
Proof of identity

Does Boefly perform a hard credit pull?

Yes, Boefly Unsecured Lines of Credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.

Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message from Boefly Unsecured Lines of Credit

We make it easier than ever to connect with the right small business lender and get the funding and resources to realize your dreams and move your business forward. We got this. Let’s go. Our easy one-step online application simplifies the lending process — so you only have to enter your information once. And, we’re here to help you provide the exact information the banks need to move forward in the lending process for SBA funding or conventional loans.

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