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  Behalf Merchant Cash Advance

Behalf Merchant Cash Advance

in Merchant Cash Advance from Behalf

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Behalf Merchant Cash Advance

Unaffiliated

in Merchant Cash Advance from Behalf

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Highlights
Factor Rate N/A
Loan Amount $300 - $50,000
Minimum Revenue N/A
APR  (Fee or Charge Based Product) N/A

Behalf Merchant Cash Advance Review

Behalf Merchant Cash Advance is offered by Behalf, a direct lender founded in 2011 and based in New York, NY. Behalf Merchant Cash Advance is available in 50 states (and Washington, DC).

Behalf Merchant Cash Advance FAQ

Does Behalf Merchant Cash Advance charge prepayment fees?

No, Behalf Merchant Cash Advance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the Behalf Merchant Cash Advance off early.

How much cash can you advance from Behalf Merchant Cash Advance?

Cash advance amounts start at $300 and go up to $50,000.

What types of repayment method does Behalf Merchant Cash Advance accept?

Behalf Merchant Cash Advance accepts the following repayment method from the Merchant:

  • Split withholding
  • ACH withholding

How often does Behalf Merchant Cash Advance process payments?

Behalf Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Behalf Merchant Cash Advance as payment for your cash advance until the full amount is paid.

Does Behalf Merchant Cash Advance charge an origination fee?

No, Behalf Merchant Cash Advance does not charge an origination fee. A origination fee is what some lenders charge for processing, underwriting, and funding a business financing product. Typically fees range from 0.5% to 5% of the total amount advanced. Whenever possible, go with lenders that don’t charge origination fees.

What is the minimum repayment amount required by Behalf Merchant Cash Advance?

There is no minimum repayment ammount.

What are the business financing requirements for Behalf Merchant Cash Advance?

To apply for Behalf Merchant Cash Advance, you need to provide the following business documentation:

  • Business license
  • Business bank account

What do you need to qualify for Behalf Merchant Cash Advance?

Applicants with a credit score of at least 560 and up to 850 may be eligible for Behalf Merchant Cash Advance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Behalf Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Behalf Merchant Cash Advance product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Behalf Merchant Cash Advance. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of income
  • Recent bank statements
  • Business formation documents
  • Proof of identity

What limitations does Behalf Merchant Cash Advance set on the purpose of the merchant cash advance?

Behalf Merchant Cash Advance considers merchant cash advance applications for business purposes, such as:

  • Equipment purchase
  • Inventory
  • Lease improvement
  • New location
  • Product or service expansion
  • Working capital
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.

Contact

  • Headquarters
  •   126 5th Avenue 10th Floor
    New York, NY 10011
  •   Visit Site

Other Services by Behalf

Availability

  Available in 50 states and Washington, D.C.
  • 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

Feature Breakdown

No Origination Fee
No Prepayment Fee
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 560 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Age 18
Minimum Months in Business 0
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Inventory
Approval Speed 1 hour
Credit Bureau Reporting
  • Experian
  • Equifax
Payment Frequency Daily
Payment Options Automatic Payments
Repayment Methods
  • Split Withholding
  • ACH Withholding
Loan Amount $300 - $50,000
Loan Term 1 - 6 months

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