Repayment of loan
Credibly clients have to pay back a business expansion loan weekly, and a working capital loan is paid back daily or weekly. This money is debited from the client's bank accounts. If the clients use a merchant cash advance, then Credibly deducts a small fixed percent from their bank accounts. The borrowers have a good opportunity to raise their credit scores if they pay back their loans on time. This is due to the fact that Credibly reports about client repayments to business credit bureaus. If you don't pay according to the schedule, Credibly can charge a $25 non-sufficient funds fee.
Early payoff
If the borrowers pay off their business expansion loans or working capital loans in the first half of the term, they can avoid the interest rates.
Payment Details
Short name
Credibly
