Where does Boefly do business?
Boefly is a marketplace lending platform based in New York, NY. It was founded in 2010 and offers access to business loans in 50 states (and Washington, DC)
What are Boefly’s rates?
Boefly is not a direct lender or loan broker, so it has no control over the interest rates lenders charge. These vary depending the loan amount, repayment period and creditworthiness of the business and its owners. One of the advantages of using Boefly is that lenders compete for your business and you can pick the lender with the lowest interest rates and fees.
How much can you borrow from Boefly?
Maximum loan amounts vary by lender. One of the advantages of Boefly is being able to filter from many lenders to those who can fund the loan you need. Loan amounts start at $1,000 and go up to $5,000,000.
What do you need to qualify for a loan with Boefly?
Applicants with a credit score of at least 300 can apply for a loan via Boefly.
Boefly does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents cannot apply for a loan via Boefly. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
U.S. citizens, permanent residents, and non-residents can all apply for a Boefly loan.
To qualify, applicants may need to provide the following documentation:
- Proof of income
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50 W 72nd St
New York, NY 10023 USA
- Visit Site
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Credit Score Range||
300 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Verification Documents Required||
|Loan Amount||$1K - $5M|
|Loan Term (Months)||Up to 0|
|APR||0% - 150%|