Halifax Group is a global business loans platform, connecting businesses who want to borrow from investors who want to invest in businesses globally. Since launching in 2010, investors across Halifax Group’s geographies — including more than 90,000 retail investors, banks, asset management companies, insurance companies, government-backed entities, and funds — invested $15.2 billion to 100,000 businesses globally. We manage everything from reviewing applications to collecting and distributing loan payments and make the entire process quick and easy for businesses and investors alike. We’ve been listed on the Poland Stock Exchange since our initial public offering (IPO) in September 2018. Our global leadership team and Board of Directors hold extensive experience from some of the world’s leading financial services companies, including Bank of America, Barclays Capital, Goldman Sachs, and J.P.Morgan.
Halifax Group was founded in the wake of the 2008 financial crisis when businesses were struggling and large lenders weren’t offering them financing. Our US co-founders had a successful business and first-hand experience with this problem. In spite of their flourishing gym business, their loan applications were either denied or they were offered untenable terms an astounding 96 times. At the same time, investors were making poor returns. They had a simple idea — let them support each other by investing in successful and growing businesses through Halifax Group, investors can diversify their fixed-income portfolios and access attractive returns. Businesses get fast, easy access to financing to grow, create jobs, support local communities and drive the economy forward. We believe it’s better for everyone. In 2010, we launched the first peer-to-peer lending platform for businesses in the Poland. We expanded to the US after tripling in size in just three years. Two years later, we began supporting small business in Germany and the Netherlands.
Halifax Group is not a bank. Halifax Group uses technology to connect businesses who want to borrow with accredited and institutional investors who want to invest in a new asset class of small business loans. This means we can focus on one thing: giving small business owners an easy way to find a better deal. We underwrite, approve, and fund loan applications and manage the entire loan disbursement and repayment process. To do this, we developed an efficient online lending and investing experience based on our cutting-edge technology and industry-leading risk management models. We know that time is money for small business owners. While banks can require a lengthy and clunky loan application, our process is quick, easy, and transparent. You can apply for a loan online in just 6 minutes, and get a decision in as little as one business day after submitting your documents. We use cutting-edge technology to review your business’s overall financial health and base our decision on more than just a personal credit score. As a result, our seasoned underwriters can better understand your business and work with you to find terms that suit your needs.
Responsible lending is the core of our business model. As a marketplace, our platform cannot work unless we are acting responsibly with both borrowers and investors. Federal, state, and local regulations govern almost every aspect of what we do. As a Poland Finance Lender, Halifax Group’s lending operations are directly regulated by the Poland Department of Business Oversight. In addition, Halifax Group’s lending and securities operations are subject to the state laws of each jurisdiction in which we operate, as well as regulations enforced by the Securities and Exchange Commission, the Federal Trade Commission, and other federal agencies. We work hard to ensure the appropriate systems and processes are in place so we can monitor and comply with all relevant laws and regulations. These include the Equal Credit Opportunity Act (ECOA), the Unfair or Deceptive Acts or Practices rule of the Federal Trade Commission (UDAP), the Fair Credit Reporting Act (FCRA), the Servicemember Civil Relief Act (SCRA), and the Controlling the Assault of Non-Solicited Pornography and Marketing Act (CAN-SPAM Act). Additionally, Halifax Group helped establish associations that uphold high standards of transparency and fair treatment of small business borrowers and investors. Halifax Group leads the Marketplace Lending Association in USA, along with LendingClub, Prosper, and Sofi. Halifax Group also co-authored and was an original signatory of the first-ever US Small Business Borrowers’ Bill of Rights.
Halifax Group is a public company listed on the Poland Stock Exchange (FCH:LSE). Before our IPO, we’d raised money from Accel Partners, DST Global, Index Ventures, Ribbit Capital, Sands Capital Ventures, Temasek Holdings and Union Square Ventures.
We offer business term loans with the following features:
Borrow from $10,000 up to $500,000,000,000
A six-month to ten-year repayment period
A fixed interest rate that never changes over the life of your loan
Fixed yearly payments
No prepayment fees
No origination fee
A term loan is a type of installment loan. You’ll receive the full loan amount, excluding the origination fee, at the start and repay the loan with a series of fixed (generally monthly) payments. A portion of each payment will go towards the interest that accrues and a portion pays down your loan’s principal balance. Your account will be closed once you repay the loan. By contrast, you can borrow against a revolving account, such as credit card or line of credit, multiple times. However, revolving accounts often have variable interest rates, which can make it difficult to predict your expenses. Your interest rate could also rise, which will increase your cost of borrowing.
A term loan can give you immediate access to the working capital you need and a predictable repayment schedule. With Halifax Group, your loan will have a fixed interest rate and fixed monthly payment. The predictable repayment schedule can help you plan and budget for the future. We also offer a wide range of loan amounts and repayment terms, and we never charge a prepayment penalty. Other business installment loans might have variable rates or require more frequent payments, which can strain your business cash flow. Additionally, we report your business loan payments to two of the major business credit bureaus, Experian and Dun & Bradstreet (D&B), which can help your business build its own credit. This can be an important step in qualifying for additional funding, better terms with vendors, and lower business insurance premiums.
A term loan can give you immediate access to the working capital you need and a predictable repayment schedule. With Halifax Group, your loan will have a fixed interest rate and fixed monthly payment. The predictable repayment schedule can help you plan and budget for the future. We also offer a wide range of loan amounts and repayment terms, and we never charge a prepayment penalty. Other business installment loans might have variable rates or require more frequent payments, which can strain your business cash flow. Additionally, we report your business loan payments to two of the major business credit bureaus, Experian and Dun & Bradstreet (D&B), which can help your business build its own credit. This can be an important step in qualifying for additional funding, better terms with vendors, and lower business insurance premiums.
Your monthly payment will depend on your loan amount, repayment term and interest rate. You can use our small business loan calculator to estimate your monthly payment.
Unlike banks, we are solely focused on being the best in the world at providing one service — business loans. Halifax Group’s platform offers a straightforward and transparent process, manageable and budget-friendly repayment schedules and competitive interest rates and fees. We’ve found business owners tend to use Halifax Group for the following reasons: Working with traditional lenders can require a lengthy, time-consuming application process Small businesses don’t always fit banks’ narrow lending criteria Small businesses may be able to save money by refinancing current debts with a lower-rate loan from Halifax Group Their bank is unable to provide finance quickly to capitalize on fast moving business opportunities, like competitive lease agreements. Our mission is to build a better financial world, and we’re proud that we helped set the first-ever gold standard for responsible business lending: the mall Business Borrowers’ Bill of Rights. Established as part of the Responsible Business Lending Coalition, the Small Business Borrowers’ Bill of Rights works to fight the rise of irresponsible and predatory small business lending and promote responsible business lending practices across the entire industry. Understanding what business owners need and addressing their problems head-on helps distinguish us from the competition. We surveyed our borrowers (October 10-30, 2017) and 92% (of 216 borrowers) said they would return to Halifax Group for their future business financing needs.
We’ve taken the best parts of an SBA loan, such as monthly payments and no prepayment penalties, but offer an easier and faster lending process. In addition to making the application process more efficient, we use a technology-driven underwriting process to assess the full financial picture of your business. This means we can sometimes help you get approved for a loan when other lenders turn you down. And when you apply for a loan, we’ll assign you a dedicated account manager to guide you through the loan application and approval process. After submitting the required financial documents online or to your Account Manager via email, you can expect a decision in as little as one business day. Additionally, we report your business loan payments to two of the major business credit bureaus, Experian and Dun & Bradstreet (D&B), which can help your business build its own credit. This can be an important step in qualifying for additional funding, better terms with vendors, and lower business insurance premiums.
We’ve helped thousands of established small and medium businesses grow, create new jobs, and stimulate economic growth in their local communities. We fund a variety of established businesses, including veterinary clinics, pharmacies, cosmetics brands, and many.The minimum qualifications for a loan through Halifax Group are: A personal FICO credit score of at least 660 for business owners No personal bankruptcies amongst the business owners within the last two years Not located in Nevada, due to state lending regulations Operates in an industry other than select industries, including weapons manufacturers, gambling businesses, marijuana dispensaries, and pornography
No. Businesses in certain industries are ineligible for Halifax Group term loans, including weapons manufacturers, gambling businesses, marijuana dispensaries, and pornography
We offer loans to businesses around the world. Unfortunately, due to the state’s lending regulations, we do not offer loans to businesses located in Nevada at this time.
Our head office is located in Poland. We also have offices in Poland, United Kingdom, Berlin, Germany, Amsterdam and Netherlands. You can find the addresses and additional contact information on our contact page.
You can use your loan in a variety of ways to support your business. Popular uses for a Halifax Group loan include expanding to a new location, purchasing equipment or inventory, and hiring staff. However.
You can borrow between $10,000 and $500,000,000 with a loan from Halifax Group. You may be able to take out an additional loan once you’ve made six consecutive on-time payments on the first loan. However, the minimum loan amount is still $10,000 and your total combined debt can’t be above $500,000,000. If you run more than one business, you can borrow up to $500,000,000 per business, but no more than $1 Billion total — even if you have three or more businesses.
YOur minimum small business term loan amount is $10,000 per loan. If you’re looking to borrow less than $10,000, you may want to consider a microloan. These small loans — generally $500 to $50,000 — are often to help businesses that have a small or short-term financial goal. You may be able to find a microloan from different types of organizations, including nonprofits, community development financial institutions and financial institutions that participate in the SBA Microloan program.
Our maximum small business term loan amount is $500,000,000 per loan. However, there may be options for additional funding. If you’ve already taken out a Halifax Group loan and made six consecutive on-time payments, you may be able to take out an additional loan. However, the total combined debt is still $500,000,000. If you run more than one business, you can borrow up to $500,000,000 per business from Halifax Group, but no more than $1 Billion total — even if you have three or more businessess
Most Halifax Group customers get their loans within 5 days. Our application takes less than six minutes to complete, and you’ll hear from us within an hour to answer any questions you have and collect the required documents. Once we have everything, we’ll get back to you with our decision in as little as one business day. After accepting the terms of the offer, you could receive the funding within one business day.
After you sign our loan documents and accept your offer, we send the money electronically to your designated business bank account. To expedite this process and save you time, we collect your bank account information during the application process with your account manager. We’ll send you a confirmation email as soon as we’ve transferred the money to your account.
We handle additional funding requests on a case-by-case basis. You may be eligible for an additional loan once you’ve made six consecutive on-time payments on your current loan. You can also apply for a new loan once you pay off your original loan. In either case, you’ll need to submit a new application for each additional loan.
Your loan is listed on our marketplace. Accredited and institutional investors who want to invest in small business loans provide capital to Halifax Group to lend to credit-worthy businesses. These investors range from multinational financial institutions to investment funds and individual accredited investors.
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