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Credit Key

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About Credit Key

Credit Key, a non-banking financial institution, distinguishes itself in the realm of business financing with its innovative Buy Now Pay Later (BNPL) solutions tailored specifically for B2B transactions. This financial service operates through certain business-purpose loans facilitated by Lead Bank, contingent upon credit approval. It is noteworthy that a personal guaranty may be required, and the borrower must represent a valid business in good standing to be eligible for Credit Key services. Fees associated with the loans vary based on the loan amount, offering flexibility for businesses of diverse scales.

One of the distinctive features of Credit Key lies in its commitment to enhancing the financial dynamics of businesses. The platform enables merchants to receive risk-free payments within 48 hours, while buyers can opt for deferred payments spanning up to 12 months. This unique approach has resulted in remarkable outcomes for Credit Key merchants, with reported instances of up to a 10x increase in Average Order Value (AOV) and a staggering 250% boost in conversion rates.


Key Features

  1. Personal Credit Consideration with Soft Inquiry. While Credit Key primarily operates as a business account, it does consider personal credit due to a personal guarantee on each order loan. Importantly, the application process involves a "soft inquiry," ensuring that the credit check does not impact the applicant's FICO®/credit score.

  2. Reporting to Credit Bureaus. Credit Key contributes to building a robust business credit score by reporting payment histories to Dun & Bradstreet. This monthly reporting mechanism helps businesses establish a positive credit profile, but it is crucial to note that negative payment history may also impact the business credit score adversely.

  3. Generous Credit Limits. Credit Key extends credit limits of up to $50,000, empowering businesses to make significant purchases to support their operations. This substantial credit line is subject to approval based on factors such as gross annual revenue, credit history, and repayment capacity.

  4. Early Repayment Option. Businesses using Credit Key have the flexibility to pay off their loans ahead of schedule without incurring any fees or penalties. This feature empowers businesses to manage their finances efficiently and save on potential interest costs.

  5. Seamless Refund Process. Credit Key aligns with merchant refund policies, ensuring a transparent and efficient refund process. Merchants handle refunds, and Credit Key applies these refunds to outstanding loans promptly, providing businesses with a hassle-free experience.

  6. B2B Growth Payments Technology. Credit Key positions itself as a catalyst for business growth by offering frictionless B2B growth payments technology. This technology caters specifically to businesses targeting small and medium-sized enterprises, fostering effortless growth for merchants and buyers alike.

Pros and Cons


Quick Automated Application Process. Credit Key streamlines the application process, allowing businesses to complete the necessary documentation in a matter of minutes. The automated system ensures swift processing, providing an instant credit decision to eligible applicants.

Flexible Payments and Terms. Businesses utilizing Credit Key can enjoy the flexibility of choosing their preferred payment plan, ranging from a short 30-day period to an extended 12-month term. This adaptability caters to varying financial needs and ensures that businesses can align repayments with their cash flow.

No Setup Fees or Ongoing Charges. Credit Key distinguishes itself by not imposing any setup fees on its users. Furthermore, businesses opting for extended payment terms can benefit from approval rates as low as 1% per month, with no ongoing charges beyond the initial setup.


Personal Guarantee Requirement. A personal guaranty may be required, potentially posing a risk for individual borrowers who are personally liable for the loan.

Credit Limit Determinants. The credit limit is subject to approval based on various factors, including gross annual revenue and credit history, potentially limiting access for some businesses.

Not Suitable for All Business Expenses. Credit Key may not cover certain business expenses, including payments to existing lending/financing companies, subscription services, or payments for personal use.


Credit Key stands out as a reliable business financing solution, earning a commendable reputation backed by positive customer feedback. With an impressive rating of 4.9 stars out of a total of 1,591 reviews, the platform has garnered widespread acclaim for its efficacy and customer satisfaction. This high rating reflects the trust and confidence businesses place in Credit Key for their financial needs.

Moreover, the absence of setup fees and the transparent approach to fees and repayment terms contribute to Credit Key's reliability. Businesses appreciate the straightforward nature of the platform, allowing them to make informed decisions about their financing options. The reliability of Credit Key is further reinforced by its partnership with Lead Bank, adding a layer of credibility to the financial services offered.

How to Apply for a Credit Key Loan?

  1. Streamlined Checkout Experience. During the point-of-purchase, your B2B customer will encounter Credit Key as a viable payment option. The optimized checkout process ensures a seamless and straightforward experience, allowing businesses to consider Credit Key as a financing solution effortlessly.

  2. Instantaneous Credit Decision. Businesses looking to secure a Credit Key business loan can complete the application within a matter of minutes. The straightforward application process is designed for efficiency, and upon submission, applicants promptly receive an instant credit decision. This swift turnaround time ensures that businesses can quickly assess their eligibility and move forward with their financial plans.

  3. Tailored Payment Plans. After receiving an instant credit decision, your customer gains the flexibility to choose a payment plan that aligns with their financial preferences. The range extends from a short-term commitment of 30 days to a more extended 12-month term, empowering businesses to tailor their repayment schedule according to their specific cash flow requirements. This user-centric approach enhances the overall accessibility and convenience of Credit Key's financing options.

Conditions and Requirements


  1. Credit Approval. The lender, Credit Key, extends loans subject to credit approval. Businesses seeking financing must undergo an assessment of their creditworthiness to determine eligibility.

  2. Personal Guaranty. A personal guaranty may be required from the borrower. This implies that individuals associated with the business may need to assume personal liability for the loan.

  3. Valid Business Standing. Borrowers must represent a valid business in good standing to qualify for Credit Key's financial services. This condition ensures that the business is recognized and compliant with regulatory requirements.

  4. Fees Varied by Loan Amount. The fees associated with the loans vary based on the amount borrowed. Businesses should be aware of the applicable fees corresponding to their specific loan amount.

  5. Credit Limits and Usage. While Credit Key offers credit limits up to $50,000, the actual limit is contingent upon factors such as gross annual revenue, credit history, and repayment capability. Businesses can use Credit Key for various purchases within their approved credit limit.

  6. Customizable Payment Plans. The borrower portal also allows users to customize their payment plans according to their financial preferences. This feature ensures that borrowers have control over their repayment schedules and can align them with their business cash flow.

  7. Quick Access for Business Purchases. Once the funds are received, borrowers can immediately utilize Credit Key for business purchases. Whether it's paying vendors, ordering supplies, or covering other operational expenses, the funds are ready for use.

  8. Automatic Bill Payment Setup. To streamline the repayment process, borrowers can set up automatic bill payments through their nominated bank account or debit card. This ensures routine payments are made efficiently, avoiding any disruptions to the credit account.

  9. Transparent Reporting in Borrower Portal. The borrower portal not only facilitates fund disbursement and repayment customization but also provides transparent reporting on the total amount borrowed, monthly repayments, and any ongoing fees. Borrowers can access these details at any time for a comprehensive overview of their Credit Key account.


  1. Business Ownership/Signatory. To be eligible for Credit Key credit, applicants need to be individuals applying under their own name and must be the owner or signatory of the business mentioned in the application.

  2. U.S. Citizenship or Residency. Borrowers must be U.S. citizens or residents to qualify for Credit Key financing.

  3. Minimum Signing Age. Applicants must meet the minimum signing age requirements in their respective states of residence.

  4. FICO®/Credit Score. Credit Key does check personal credit for ensuring personal guarantee for a loan. A FICO®/credit score of 600 or above is required for eligibility. The credit score serves as a key determinant in the credit approval process.

  5. Annual Business Income. Borrowers need to have a total annual business income of $40,000 or more to be considered for Credit Key credit.

  6. Social Security Number. Providing a valid Social Security Number is a prerequisite for applicants, emphasizing the need for accurate personal identification.

  7. Nominated Bank Account or Debit Card. Borrowers are required to have a nominated bank account or debit card for repayments. This ensures a designated source for automatic bill payments.

  8. Application Details. Applicants must provide comprehensive details about themselves and their businesses during the application process. This information is crucial for the credit approval assessment.

  9. Sole Proprietorship Limitations. Credit Key may not be available for individuals who are not owners or signatories of a sole proprietorship, limiting access to certain business structures.

Ways to Receive the Money

  1. Direct Deposit to Nominated Bank Account. Once a Credit Key loan is approved, the borrower can opt to receive the funds directly into their nominated bank account. This method ensures a swift and secure transfer of the approved loan amount.

  2. Debit Card Transfer. Borrowers also have the option to receive the funds through a debit card transfer. This allows for quick access to the approved credit line, providing flexibility in managing business expenses.

  3. Electronic Funds Transfer (EFT). Credit Key facilitates electronic funds transfer as a method of disbursing funds. Borrowers can expect a seamless and rapid transfer of the approved loan amount through this electronic process.


  1. Credit Key Loan. The core product of Credit Key, this business loan allows eligible borrowers to access a line of credit for their operational needs. With credit limits extending up to $50,000, businesses can utilize these funds for various purchases and expenses.

  2. Buy Now Pay Later (BNPL) for B2B. Credit Key specializes in providing a Buy Now Pay Later solution designed specifically for business-to-business transactions. This product allows merchants to receive payments quickly and offers buyers the flexibility to extend payments over a specified period, ranging from 30 days to 12 months.

Other Loans

Reasons for Getting Rejected for a Credit Key Loan

  1. Credit Score Below Requirements. Credit Key typically requires a FICO®/credit score of 600 or above. Applicants with credit scores below this threshold may face challenges in obtaining approval for a Credit Key loan.

  2. Insufficient Annual Business Income. To be eligible for Credit Key credit, businesses need to demonstrate a total annual business income of $40,000 or more. Insufficient income may lead to the rejection of an application.

  3. Incomplete or Inaccurate Application Details. Providing accurate and comprehensive information during the application process is crucial. Incomplete or inaccurate details about the business or the individual applying may result in a rejection.

  4. Not Meeting Minimum Signing Age. Credit Key requires applicants to meet the minimum signing age in their respective states of residence. Failure to meet this criterion can lead to a rejection.

  5. Not a U.S. Citizen or Resident. Credit Key is available to U.S. citizens or residents only. Non-U.S. citizens may not be eligible for Credit Key financing.

  6. Limited Business Standing. Credit Key is designed for valid businesses in good standing. If a business lacks the necessary legal standing or is not in good standing, the application may be declined.

  7. Lack of a Personal Guarantee. Credit Key may require a personal guaranty for the loan. Failure to provide this guarantee, if deemed necessary, could lead to a rejection.

  8. Specific Industry or Business Type. Credit Key may have restrictions or limitations related to certain industries or business types, leading to the rejection of applications from those sectors.

How to Repay a Credit Key Loan?

  1. Automatic Bill Payments. One of the most convenient ways to repay a Credit Key loan is by setting up automatic bill payments. Borrowers can link their nominated bank account or debit card to Credit Key, allowing for seamless and automatic transfers on predetermined dates.

  2. Borrower Portal Management. Utilize the Borrower Portal provided by Credit Key to manage and monitor the loan. In the portal, borrowers can customize their payment plans, view transparent reports on their financial transactions, and have a comprehensive overview of their credit account.

  3. Flexible Payment Plans. The Borrower Portal allows borrowers to customize their payment plans according to their business's financial capabilities. This flexibility ensures that repayments are aligned with the borrower's cash flow, reducing financial strain.

  4. Monthly Repayments. Credit Key typically requires routine, monthly repayments until the balance is paid off. Borrowers can stay on top of their financial commitments by ensuring timely payments each month.

  5. Pre-Built Integrations. For added convenience, Credit Key provides pre-built integrations, making it easier for businesses to seamlessly integrate the loan repayment process into their existing systems and processes.

  6. Recurring Bill System. Automatic bill payments through Credit Key operate as recurring bills, ensuring that the predetermined repayment amount is transferred from the borrower's account regularly until the balance is cleared.

  7. Transparency in Reporting. The Borrower Portal offers transparent reporting on the total amount borrowed, ongoing fees, and monthly repayments. Borrowers can access this information at any time, allowing for clear visibility into their loan status.

  8. Early Repayment Option. Businesses have the flexibility to pay off their Credit Key loan early without incurring any additional fees or penalties. This option allows businesses to manage their finances efficiently and potentially save on interest costs.

  9. Monitoring the Borrower Portal. Regularly check the Borrower Portal to stay updated on the loan's status, view payment history, and ensure that all transactions are accurately reflected.

  10. Customer Support Assistance. In case of any questions or concerns about the repayment process, borrowers can leverage Credit Key's lightning-fast customer support. Whether through online chat or direct contact, the support team can provide guidance and assistance.

  11. Refund Process for Overpayments. If a borrower makes overpayments or receives a refund, Credit Key outlines a clear process for applying these adjustments to the loan. This may involve a refund back to the borrower's connected bank account.


Fora Financial caters to borrowers who may face challenges qualifying for traditional bank financing or are young yet well-established small businesses seeking prompt financial assistance. With a maximum loan amount of $1,500,000 and a minimum credit score requirement of 500, Fora Financial offers a viable solution for those in need of speedy financing.

Wells Fargo provides a line of credit with competitive rates for businesses with a minimum of two years in operation. With a maximum loan amount of $150,000 and a minimum credit score requirement of 680, Wells Fargo's offering is tailored for established businesses. The estimated APR ranges from 10.25% to 18.25%, providing flexibility in financing options.

BlueVine's line of credit is designed for businesses with short-term borrowing needs, offering fast working capital solutions. With a maximum loan amount of $250,000 and a minimum credit score requirement of 625, BlueVine provides accessible financing, albeit with an estimated APR ranging from 20.00% to 50.00%.

Funding Circle caters to established businesses looking to finance expansion or refinance existing debt. With a substantial maximum loan amount of $500,000 and a minimum credit score requirement of 660, Funding Circle offers a financing option for businesses with diverse needs. The estimated APR ranges from 15.22% to 45.00%, providing a range of options for businesses in various financial situations.

Loans like Credit Key


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

Credit Key emerges as a notable player in the business financing landscape, providing a range of solutions aimed at facilitating flexible credit options for businesses. With a focus on Buy Now Pay Later (BNPL) for B2B transactions, Credit Key has garnered attention for its swift application process, instant credit decisions, and transparent fee structures. The platform's commitment to offering a line of credit with flexible repayment plans and accommodating terms contributes to its appeal for businesses seeking quick and efficient financing. While Credit Key's model may not be universally suitable for all business types, its emphasis on transparency, automated payment options, and integration capabilities positions it as a viable financial partner for many enterprises.


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 much can you borrow from Credit Key?

Credit Key extends credit limits to businesses, allowing them to borrow up to $50,000 based on their eligibility. The maximum credit limit is determined by factors such as the applicant's gross annual revenue, credit history, and the ability to repay. While the credit line can be substantial, Credit Key operates on a responsible lending model, ensuring that the borrowing capacity aligns with the financial health and capabilities of the business.

Does Credit Key approve everyone?

No, Credit Key does not guarantee approval for every applicant. While the platform strives to offer accessible financing solutions, approval is contingent on various factors, including the applicant's creditworthiness, business standing, and ability to meet eligibility criteria.

The application process involves an assessment of these factors, and not all applicants may qualify for a Credit Key loan. Prospective borrowers are encouraged to review the platform's eligibility requirements and ensure that they meet the necessary criteria before applying.

Is Credit Key a legitimate company?

Yes, Credit Key is a legitimate company that provides business financing solutions. It operates as a financial technology platform, offering Buy Now Pay Later (BNPL) options specifically designed for business-to-business transactions. Credit Key collaborates with Lead Bank for certain business-purpose loans, subject to credit approval.

The company has gained recognition for its transparent fee structures, quick application process, and integration capabilities. As with any financial service, users are advised to thoroughly review terms, conditions, and eligibility criteria to make informed decisions about utilizing Credit Key's services.

Is Credit Key a good lender?

Credit Key is generally considered a reputable lender, offering a streamlined Buy Now Pay Later (BNPL) solution tailored for business-to-business transactions. The platform is appreciated for its transparent fee structure, quick application process with instant credit decisions, and the flexibility it provides to businesses in managing their cash flow. Credit Key's focus on fast customer support and the ability to integrate seamlessly with partner merchants enhances its appeal.

However, whether Credit Key is a good lender for a specific business depends on individual needs, financial circumstances, and preferences. Prospective users are encouraged to thoroughly assess the terms, conditions, and compatibility of Credit Key with their business requirements before deciding to utilize its services.

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Credit Key gives merchants and business buyers the ability to accelerate their growth.

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