Behalf offers short term loans with flexible options to small businesses. As their name suggests, Behalf pays vendors on behalf of small businesses for purchases made or services rendered. We compiled reviews from our own website plus user reviews from around the web and determined that Behalf has a mix of positive and negative ratings. We also cover the pricing options available.
Want to know the top lenders for small business? Read our Behalf alternatives guide.
Summary of Behalf User Reviews
What Behalf does well:
Customers who gave Behalf positive reviews were very happy with how quick and easy their loan application process was. They said that the service is lenient when it comes to requirements, so small businesses who get rejected by other financial institutions see Behalf as a saving grace.
What Behalf does not do well:
Users who gave Behalf negative feedback complained about the quality of customer service.
Most Helpful Positive User Review
“Provide short term flooring capital with an effective online approval method and easy ACH repayment schedule. I have not had a negative experience in the approximately 18 months we have done business. We always opt for the 12 week repayment schedule.
We improve our cash flow, while paying under 10% total on the funds. ”
— Steven Shawgo
Most Helpful Negative User Review
“They do not take their own phone calls so you have to wait for a response by email! This is time consuming and if you call the 800 number for immediate assistance, they will not transfer your call to a manager. They tell you to call back later but they never can transfer you to a manager – so what is the point of calling back later?
They have a call center do the work for them and they do not take calls themselves – recipe for the worst customer service ever!!”
— Lorena Gonzalez
Behalf loan amounts range from $300-$50,000. Fees are based on the business’ creditworthiness. Once approved, Behalf sends it to the vendor that the business needs to pay. The amount will then be debited from the business’ credit card in specific increments over a number of days depending on what is agreed upon by Behalf and the borrower.
|Payment Fee||1%-3% of loan amount for every 30 days you borrow|
|Annual Percentage Rate||30%-35% (depending on loan amount)|
|Repayment Terms||1 month to 6 months|
|Borrowing Amount||$300 to $50,000|
- Application is Free
- Fixed Monthly Rate
- No Origination Fees
- No Maintenance Fees
Useful Behalf Resources
Easy Business Loans: What Are the Best Easy Financing Options for 2017 – In this article, we review the three best places to get easy business loans in terms of funding amounts, application process, qualifications for approval, and funding times.
Merchant Cash Advance: The Small Business Owner’s Guide – Learn about merchant cash advances and how it can possibly help your business.
Inventory Financing for Small Businesses: Costs, Terms, and Where to Find – Read our guide to inventory financing and learn how to get the capital you need to stock the shelves and keep your business growing.
Best SBA Lenders: Top 100 SBA Lenders for 2017 – In this article we’ll show you the top 100 SBA lenders based on SBA data, as well as review three of the best SBA lenders for small businesses.
Merchant Cash Advance vs Business Loan: What’s Best for Your Business – To help you decide between a merchant cash advance vs business loan, we compare and contrast the two, including a detailed example of each financing option.
Behalf Video Overview
This video below shows how Behalf works.