Last Updated: 08/31/2026
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Highlights
Amount Range
$5,000 - $300,000
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APR (Fixed APR)
9.77% - 35.71%(Verified 08/31/2026)
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Loan Term (Months)
12 - 60
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Happen Business Loans Review
Happen is a business financing offering by Happen Bank, based in San Francisco, CA. Founded in 2007, Happen Bank offers access to small business loans in 49 states (and Washington, DC).
Happen FAQ
What are Happen rates?
Happen offers a fixed APR business financing product that ranges from 9.77% APR up to 35.71% APR.
Does Happen charge an origination fee?
Yes, Happen charges a loan origination fee of 1.99% to 8.99% of the business loan amount . Happen deducts the fee directly from your business loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
Does Happen charge prepayment fees?
No, Happen does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.
How much can you borrow from Happen?
Business loan amounts start at $5,000 and go up to $300,000.
What is the maximum business loan term you can get with Happen?
Happen offers small business loans with terms ranging from 12 to 60 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 Happen Business Loans?
Happen Business Loans requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $50,000 to be considered.
Applicants with a credit score of at least 640 and up to 850 may be eligible for Happen Business Loans. U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Happen Business Loans. Not all companies will work with visa holders. Happen Bank does offer its services to temporary resident visa holders such as F1 or H1B holders.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of identity
What is the estimated funding time for a business loan via Happen?
Happen can fund small business loans as soon as 2 business days.
Does Happen Business Loans report your account activity to credit bureaus?
Yes, Happen Business Loans reports to the following credit bureaus:
- Equifax
- Experian
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Happen Bank perform a hard credit pull?
Yes, Happen 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.
Provider Disclosure: * All loans made by WebBank, Member FDIC. Actual rate depends upon credit score, loan amount, loan term, and credit usage & history. The APR ranges from 9.77% - 35.71%. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the www.lendingclub.com website.
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.
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Other Services by Happen Bank
Availability
Available in 49 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- 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
SuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
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Everyone recommends
Happen Business Loans Community Reviews
Would you recommend Happen Business Loans to your friends?
U
Anonymous
Mar 5, 2015
Would Recommend
I feel such a relief since receiving my loan from Lending Club. I had bills piling up at home, and my business credit cards were taking up a huge chunk of my money. My wife and I began taking money out of our own pockets, and stopped taking a paycheck from our small business. Since getting a loan, we've been able to pay off the business credit cards and now ...Show More
U
Anonymous
Mar 5, 2015
Would Recommend
My businesses credit is in very good standing, so when I was looking for a loan for marketing purposes, I needed a company that didn't put a hard inquiry on my credit. I thoroughly searched the internet, and was having a hard time finding a lender that fit my needs. I came across Lending Club, and when I found they only put a soft inquiry on your credit, I decided ...Show More
U
Anonymous
Feb 28, 2015
May or may not recommend
I have enjoyed two loans from this company at much lower interest rates than my own bank. Always a pleasant experience. greatly recommended to anyone
Martin S.
Jan 8, 2015
Would not Recommend
I heard great stuff about this company and applied for a loan. Their representatives were very assertive and helpful but finally, I was denied a loan. Reason - Thin credit line. At least, that's what I think is the reason. Bummer! :(
Showing 4 of 4 reviews
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