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About Credibly

Credibly is a financial service provider that specializes in offering flexible and short-term financing solutions to cater to the diverse needs of businesses seeking rapid funding. This includes businesses with low credit scores, making Credibly an accessible option for those who may face challenges with traditional lenders. The platform aims to provide timely financial support to small and medium-sized enterprises (SMEs) in their pursuit of growth and operational stability.


Key features

  1. Diverse Loan Options. Credibly stands out by offering a multitude of loan options, providing businesses with the flexibility to choose a financing solution that aligns with their specific requirements. This extensive range caters to the unique financial needs of businesses operating in more than 325 industries.

  2. Industry Coverage. With a commitment to serving businesses across a broad spectrum, Credibly extends its financial support to over 325 industries. This inclusive approach ensures that businesses from various sectors can access the funding they need to thrive and grow.

  3. Flexible Funding Ranges. Credibly understands that businesses have varying financial needs, and as such, they offer funding ranging from $5,000 to $400,000 for small business loans. This wide funding range allows businesses to secure the capital necessary for their specific growth plans.

  4. Varied Repayment Terms. Credibly recognizes the importance of accommodating different business models and financial structures. As such, they provide repayment terms that span from three to 24 months. The flexibility in repayment terms enables businesses to choose a timeframe that aligns with their cash flow and operational dynamics.

Pros and cons


Efficient Online Process. One of the advantages of Credibly is the ability for businesses to pre-qualify and apply for loans conveniently online. This streamlined process enhances accessibility and saves time for busy entrepreneurs.

Rapid Approval. Credibly is known for its fast approval process. Businesses can receive approval swiftly, providing them with the financial assurance they need to address urgent operational requirements.

Quick Funding Turnaround. Credibly excels in delivering funding promptly, often within 24 hours of approval. This rapid turnaround time is crucial for businesses facing time-sensitive financial needs, allowing them to take immediate action.

Inclusive Credit Score Criteria. Credibly stands out by having a relatively low minimum credit score requirement. This inclusivity opens up financing opportunities for businesses with lower credit scores that may face challenges with traditional lenders.


Limited Loan Amounts. One drawback of Credibly is the limitation on loan amounts. Businesses with extensive financial needs may find that the funding options provided by Credibly may not fully meet their requirements.

Short Repayment Periods. Credibly offers relatively short repayment periods, ranging from three to 24 months. While this can be advantageous for businesses looking to quickly pay off their debts, it may pose challenges for those seeking more extended repayment terms.

High Annual Revenue Requirements. Another potential drawback is the higher annual revenue requirements imposed by Credibly. Businesses with lower revenue may find it challenging to meet these criteria, limiting their eligibility for certain loan products.


Credibly's A+ rating from the Better Business Bureau (BBB) is indicative of its reliability. The BBB is a trusted organization that evaluates businesses based on various factors, including customer satisfaction, transparency, and adherence to ethical business practices. An A+ rating suggests that Credibly has demonstrated a high level of reliability and trustworthiness in its interactions with customers.

How to apply for a Credibly loan?

  1. Pre-Qualification. Begin by pre-qualifying for a loan with Credibly. This involves providing some basic business information. Importantly, the pre-qualification process only requires a soft credit pull, ensuring there's no impact on your credit score.

  2. Consult with a Financing Expert. Engage in a discussion with a financing expert from Credibly to determine the optimal loan amount and the most suitable financing option for your business.

  3. Submit Required Documentation. Depending on the type of loan you're applying for, submit the necessary documentation. This may include a signed Credibly business loan agreement, business mortgage statement if you own your property, or a business lease agreement if you rent your property, government-issued photo ID for all owners, bank statements from your business banking account (covering the most recent three months), your most recent business tax return (required for loans over $100,000), and business plan.

  4. Review and Accept Loan Offer. Once you've submitted the required documentation, you'll receive a loan offer from Credibly. Take the time to carefully review the terms and pricing outlined in the loan agreement so that you fully understand the cost of the loan and the repayment terms.

  5. Accept the Offer. If you find the loan offer satisfactory, proceed to accept it. This typically involves formalizing your agreement with Credibly.

  6. Funding Process. Upon accepting the offer, Credibly states that you can expect to receive funding in as little as 24 hours after approval. The funding process is designed to be swift, ensuring that your business can access the financial support it needs without unnecessary delays.

Сonditions and requirements


  1. Business Loans for Working Capital. Credibly provides business loans tailored for working capital needs. With loan amounts reaching up to $400,000, businesses can benefit from a term length of 3 to 15 months. Factor rates as low as 1.11 ensure competitive pricing. It's important to note an origination fee of 2.5%, deducted as a one-time set-up fee from the total loan amount.

  2. Merchant Cash Advance for Small Business. For small businesses seeking quick cash, Credibly offers merchant cash advances with a maximum advance of $400,000. Factor rates as low as 1.11 contribute to cost-effectiveness. The underwriting fee, a one-time 2.5% set-up fee, is added to the balance at funding. Additionally, there's a $50 monthly admin fee, and the average term length ranges from 3 to 15 months.

  3. Long-Term Business Loans. Credibly extends long-term business loans with a maximum size of $250,000 and anticipated term lengths of 18 or 24 months. Interest rates and loan amortization details are available in the loan agreement. Borrowers may encounter a one-time origination fee or a monthly fee, with specifics outlined in the agreement.

  4. Small Business Line of Credit. Credibly offers both secured and unsecured small business lines of credit, featuring a maximum credit limit of $300,000. Short-term lines of credit come with higher interest rates, lower limits, and lower revenue requirements, akin to short-term loans. In contrast, medium-term lines of credit mirror medium-term loans with lower interest rates and higher borrowing limits. Term lengths include both short-term and medium-term options.

  5. Equipment Financing. Credibly's equipment financing options feature factor rates as low as 1.09, catering to amounts ranging from $10,000 to $10 million. The terms are flexible, accommodating businesses seeking financing for their equipment needs.

  6. SBA Loans & Financing. Credibly offers SBA loans, and the terms and conditions for these loans are customized for each borrower. This personalized approach ensures that businesses receive financing solutions tailored to their unique circumstances.

  7. Invoice Factoring. Credibly provides invoice factoring solutions, allowing businesses to receive advances of up to $400,000 with factor rates as low as 1.11. The funds are deposited into the business account within 24 hours, offering a quick and efficient solution for managing cash flow.


While Credibly considers the overall health of a business for loan approval, there are specific minimum requirements that borrowers must meet:

  1. Credit Score. For general business personal loans, small business owner must have a minimum credit score of 500. For SBA loans offered through Credibly partner lenders, a minimum credit score of 620 is necessary.

  2. Time in Business. A minimum of six months in business is required for general business loans. For SBA loans, businesses need to have been operating for at least two years.

  3. Monthly Revenue. For general Credibly business loans, businesses should have a monthly revenue of at least $15,000.

Ways to receive the money

To receive the approved loan amount from Credibly, the process typically involves a direct deposit to your business bank account. After your loan application is approved and you accept the offer, Credibly will initiate the disbursement of funds.


  1. Business Loans for Working Capital. Credibly working capital loan products are tailored to address the immediate financial needs of businesses. With loan amounts reaching up to $400,000, these short-term financing solutions provide flexibility with term lengths spanning from 3 to 15 months.

  2. Merchant Cash Advance for Small Business. Credibly's Merchant Cash Advance for Small Business caters to businesses in need of rapid cash infusions based on future credit card sales. Offering a maximum advance of $400,000 and factor rates as low as 1.11, this financing option is designed for agility. The average term length ranges from 3 to 15 months, providing businesses with flexibility in managing their cash flow.

  3. Long-Term Business Loans. For businesses with more extended financial requirements, Credibly provides long-term loans. With a maximum loan size of up to $250,000 and anticipated term lengths of 18 or 24 months, these loans offer a more extended repayment horizon. Interest rates and amortization details are available in the loan agreement, providing businesses with transparency in their financial commitments.

  4. Small Business Line of Credit. Credibly's Small Business Line of Credit offers businesses a flexible financing solution. With both secured and unsecured options and a maximum credit limit of $300,000, businesses can choose a credit line that suits their needs. Short-term lines of credit come with higher interest rates and lower limits, akin to short-term loans, while medium-term lines of credit provide lower interest rates and higher borrowing limits, similar to a medium-term loan. Term lengths include both short-term and medium-term options.

  5. Equipment Financing. Credibly's Equipment Financing is designed to support businesses in acquiring the equipment they need. With factor rates as low as 1.09 and a financing range from $10,000 to $10 million, this option provides businesses with flexibility in meeting their equipment financing needs. The terms are designed to accommodate businesses seeking financing for various types of equipment.

  6. SBA Loan & Financing. Credibly collaborates with lending partners to offer Small Business Administration (SBA) Loans. The terms and conditions for SBA loans are individually tailored for each borrower, ensuring businesses receive personalized financing solutions aligned with their unique circumstances.

  7. Invoice Factoring. Credibly's Invoice Factoring solutions provide businesses with a means to manage cash flow effectively. Offering advances of up to $400,000 with factor rates as low as 1.11, businesses can receive funds in their accounts within 24 hours. This quick and efficient solution is designed to help businesses bridge gaps in their cash flow caused by outstanding invoices.

How to repay a Credibly loan?

  1. Understand Loan Terms. Begin by thoroughly understanding the terms of your Credibly loan. Review the loan agreement to familiarize yourself with the repayment schedule, interest rates, and any associated fees.

  2. Set Up Automatic Payments. To ensure timely repayments, consider setting up automatic payments. Many lenders, including Credibly, offer this option, allowing the agreed-upon amount to be deducted automatically from your business bank account on the scheduled dates.

  3. Monitor Business Bank Account. Regularly monitor your business bank account to ensure that you have sufficient funds to cover the scheduled loan repayments. If there are any issues, such as insufficient funds, contact Credibly in advance to discuss potential solutions.

  4. Early Repayment Options. Check if there are any benefits or options for early repayment. Some loans may have prepayment options that can save you on interest costs. Understand the terms and conditions associated with early repayment to make informed decisions.

Other Loans

Reasons for getting rejected for a Credibly loan

  1. Low Credit Score. A low credit score can be a significant factor leading to loan rejection. Credibly, like other lenders, assesses the creditworthiness of applicants, and a low credit score may indicate a higher risk for the lender.

  2. Insufficient Time in Business. Credibly may have a minimum requirement for the duration a business has been in operation. If your business doesn't meet the specified time in business criteria, it could be a reason for loan rejection.

  3. Inadequate Monthly Revenue. Credibly typically considers the monthly revenue of a business as part of the loan approval process. If your business's monthly revenue falls below the minimum threshold required by Credibly, it could lead to rejection.

  4. High Debt Levels or Poor Debt Management. If your business has existing high levels of debt or demonstrates poor debt management practices, it could be a red flag for Credibly. Lenders want to ensure that borrowers have the capacity to manage additional debt responsibly.

  5. Unsuitable Industry or Business Type. Certain industries or business types may be perceived as higher risk by lenders. If your business falls into a category that Credibly deems high risk or unsuitable for their lending criteria, it could result in a loan rejection.


  1. OnDeck is a reputable online lender that provides various financing options for small businesses, including term loans and lines of credit. They are known for their quick and streamlined application process, making them a popular choice for businesses in need of fast funding.

  2. Funding Circle is a peer-to-peer lending platform that connects small businesses with investors. They offer term loans with competitive rates and terms. Funding Circle is recognized for its transparent and borrower-friendly approach, appealing to businesses seeking financing from a diverse pool of investors.

  3. Fundbox specializes in providing business lines of credit and invoice financing to small businesses. Their platform allows businesses to access funds quickly, especially for addressing cash flow gaps. Fundbox is known for its user-friendly interface and flexibility in serving businesses with varying financial needs.

  4. Taycor Financial offers a range of financing solutions, including equipment leasing, working capital loans, and commercial financing. They cater to businesses of different sizes and industries, providing tailored financial products to meet specific business requirements.

Loans like Credibly


OnDeck stands out as an excellent choice for short-term business loans, offering the flexibility of borrowing substantial amounts, even for businesses with a minimum credit score. What makes OnDeck particularly attractive is its ability to provide funds swiftly, with same-day approval and disbursement for qualifying applicants. Moreover, OnDeck emphasizes the opportunity to build and strengthen business credit by consistently making on-time payments. The loan terms range from 18 to 24 months, with loan amounts spanning from $5,000 to $250,000. While the starting interest rate is 35.40% for a portion of customers, the accessibility and speed of funding make OnDeck a notable player in the short-term business loan landscape.

Funding Circle

Funding Circle distinguishes itself in the realm of long-term business loans by offering competitive rates, extended repayment terms, and a lack of prepayment penalties. This lending option caters to businesses seeking larger loan amounts, ranging from $25,000 to $500,000, with a reasonable starting interest rate of 11.29%. Beyond financial support, Funding Circle prioritizes efficiency, enabling businesses to access funds in as little as two business days. Notably, Funding Circle also showcases its commitment to diversity by providing funding options specifically tailored for women-owned businesses and minority entrepreneurs. The loan terms extend from 6 to 84 months, making Funding Circle a favorable choice for businesses with a more extended financial horizon.


Credibly positions itself as a reliable source for working capital loans, particularly for businesses requiring quick funding to address immediate operational needs like payroll or inventory expenses. Notably, Credibly's working capital loans boast a rapid approval process, often providing funds in less than 24 hours. The lender exhibits flexibility by considering applicants with a minimum credit score of 500 and a willingness to look beyond a less-than-perfect credit history, provided there is a healthy annual revenue. Beyond working capital loans, Credibly collaborates with a network of lenders to offer a diverse range of financing options, including merchant cash advances, business lines of credit, equipment financing, SBA loans, and invoice factoring.


For startups in need of swift financing, Fundbox presents an appealing option with its business line of credit, offering up to $150,000. What sets Fundbox apart is its relatively lenient eligibility criteria, allowing new companies to qualify after just six months of operation and a minimum annual revenue of $100,000. The business line of credit provides the flexibility to withdraw funds as needed, and businesses only pay interest on the amount utilized. Additionally, Fundbox offers perks such as up to 20% off fees through its Fundbox Plus upgrade. With competitive starting interest rates ranging from 4.66% for 3-month terms to 8.99% for 6-month terms, Fundbox addresses the financial needs of emerging businesses seeking quick and accessible startup loans.

Editorial Opinion

Credibly stands out in the online lending landscape, offering a diverse array of financial solutions catering to the nuanced needs of small and medium-sized enterprises. With a focus on providing working capital loans, Credibly prides itself as a direct lender, streamlining the business financing process for small business owners. Its commitment to serving various industries, including medium-sized businesses, positions Credibly as a versatile option in the market. While its online platform enables businesses to access funds swiftly, potential borrowers should carefully consider factors such as credit score requirements, borrowing costs, and repayment terms. Credibly's emphasis on offering same-day funding and a range of financing options, including small business loans and online business loans, contributes to its appeal. Prospective borrowers should weigh the advantages of quick access to capital against factors such as factor rates and eligibility criteria to make informed decisions aligning with their business objectives.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.


At Finanso, we've carried out a comprehensive analysis of over 50 business lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional Resources

  • GoKapital Account Review
  • How to Apply for GoKapital Loan
  • How to PayOff GoKapital Loan
  • GoKapital Mobile Apps
  • GoKapital Reviews



How do you qualify for a Credibly loan?

To qualify for a Credibly loan, businesses typically need a minimum credit score of 500, a minimum of six months in operation, and a monthly revenue of at least $15,000. Meeting these requirements increases the likelihood of approval for working capital loans, Credibly small business loans, and other financing options. Additionally, businesses should have a business bank account and provide necessary documentation, such as business banking statements and recent tax returns, during the application process.

How much can you borrow from Credibly?

Credibly offers borrowing amounts ranging from $5,000 to $400,000 for small business loans, providing flexibility to address various business needs, including working capital and expansion efforts. The specific loan amount approved depends on factors such as the business's creditworthiness, revenue, and financial health.

Does Credibly approve everyone?

Credibly does not guarantee approval for every applicant. Approval is contingent on factors such as credit score, time in business, average monthly revenue, and other financial criteria. Meeting the specified requirements increases the likelihood of approval for working capital loans and other financing options.

Is Credibly a legitimate company?

Credibly is considered a legitimate company, and its accreditation with an A+ rating by the Better Business Bureau (BBB) adds to its credibility. The BBB rating reflects positive customer experiences and adherence to ethical business practices. However, it's always advisable for individuals to conduct their own research and due diligence before engaging with any financial service provider.

Is Credibly a good lender?

A Trustpilot score of 4.8 suggests that Credibly has received predominantly positive reviews from users. However, individual experiences can vary. It's advisable to consider various factors, including interest rates, terms, and specific loan offerings, when determining if Credibly is a good lender for your business needs. Reading a variety of reviews and conducting thorough research will provide a more comprehensive understanding of the lender's reputation and customer satisfaction.

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We believe in small and medium-sized businesses and the people who make them grow. We leverage cutting-edge data science, technology, partner relations, and customer support to provide business owners with accelerated access to right-sized capital solutions.

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