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Merchant Cash Advance
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Last Updated: 04/18/2025

Boefly Merchant Cash Advance

in Merchant Cash Advance from Boefly

Last Updated: 04/18/2025

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Factor Rate

N/A


Amount Range

$1,000 - $5,000,000

Minimum Revenue

$0

APR (Fixed APR)

0% - 150%(Verified 06/21/2024)
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Boefly Merchant Cash Advance Review

Boefly Merchant Cash Advance is offered by Boefly, a marketplace lending platform founded in 2010 and based in New York, NY. Boefly Merchant Cash Advance are available in 50 states and Washington, DC.

Boefly Merchant Cash Advance FAQ

Does Boefly Merchant Cash Advance charge prepayment fees?

Yes, Boefly Merchant Cash Advance charges additional fees to borrowers who pay off their Boefly Merchant Cash Advance 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 Boefly Merchant Cash Advance early.

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

Cash advance amounts start at $1,000 and go up to $5,000,000.

Does Boefly Merchant Cash Advance charge an origination fee?

Yes, Boefly Merchant Cash Advance charges a origination fee .

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

There is no minimum repayment amount.

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

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

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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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