| Loan Amount | $300 - $50,000 |
| APR (Fixed APR) | 0% - 61% |
| Loan Term (Months) | 1 - 6 |
Overview
Where does Behalf do business?
Behalf is a direct lender based in New York, NY. It was founded in 2011 and offers access to business loans in 50 states (and Washington, DC).
What are Behalf’s rates?
Behalf offers a fixed APR business financing product that ranges from 0% APR up to 61% APR.
Does Behalf charge an origination fee?
No, Behalf does not charge a loan origination fee. A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
What limitations does Behalf set on the purpose of the loan?
Behalf considers loan applications for business purposes, such as:
- Equipment Purchase
- New Location
- Product or Service Expansion
- Working capital
What types of business loans does Behalf offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Behalf provides access to the following business loan types:
- Merchant Cash Advances
Does Behalf charge prepayment fees?
No, Behalf does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow from Behalf?
Loan amounts start at $300 and go up to $50,000.What is the maximum loan term you can get with Behalf?
Behalf offers business loans with terms ranging from 1 to 6 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for a loan with Behalf?
Applicants with a credit score of at least 560 can apply for a loan via Behalf. Behalf does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered
Only U.S. citizens and permanent residents can apply for a loan. To qualify, applicants may need to provide the following documentation:
- Proof of Identity
- Proof of Income
Does Behalf report loan payments to credit bureaus?
Behalf may report credit data to the following credit reporting agencies:
- Equifax
- Experian
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Be the first to rate
Would you recommend Behalf to your friends?
