Get help paying your vendors and suppliers during seasonal lulls.
- Best for businesses that need to quickly pay suppliers and other merchants.
- Pick something else if you want to avoid high fees and weekly repayments.
$500
Min. Amount
$250,000
Max. Amount
Details
| Product Name | Behalf Business Financing |
|---|---|
| Min. Amount | $500 |
| Max. Amount | $250,000 |
| Loan Term | 1 to 6 months |
| APR | N/A |
| Requirements | 1+ years in business, positive annual income, 1+ open business accounts, based in the US, minimal outstanding balances, good to excellent personal credit, US citizen or permanent resident |
- At least one year in business
- Positive annual income
- At least one open business account
- Minimal outstanding balances
- In good standing within the business’s state of registration
- Based in the US
First, do I qualify?
To qualify, your business needs to meet the following criteria:
- At least one year in business
- Positive annual income
- At least one open business account
- Minimal outstanding balances
- In good standing within the business’s state of registration
- Based in the US
Your business’s ability to pay is also considered. This includes its revenue, income and current bank balance.
In addition to business requirements, the business owner needs to meet a few basic criteria:
- Good to excellent credit
- At least two years of personal credit history
- At least three open accounts in good standing
- No more than one recent delinquency on an account
- No recent defaults
- US citizen or permanent resident
What makes Behalf business loans unique?
Behalf is designed to pay merchants that work for your business. It’s unique in that it doesn’t have any hard revenue requirements, unlike other lenders out there. And it can help build your business credit score with on-time repayments.
Pros
- Can help build your business credit score
- No minimum revenue requirement
- Available in most US states and territories
- Your merchants can get paid by the next business day
Cons
-
- Fees translate to an APR as high as 36%
- May come with weekly repayments
- Purchase limit only increases every six months
- Can’t be used to pay off existing debt
- Requires good to excellent credit
