Credibly Funding: Highly Rated Funding Solutions

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credibly funding

Credibly funding options are good for businesses of any size. They offer short-term loans and merchant cash advances (MCAs). These options are both good for businesses that need fast cash. With fast service and lax requirements, they are like many other online lenders. But they also offer a few custom options for their advances and loans.

There are quite a few loan types to look into with Credibly. So, let’s jump right in and look at what they can offer you.

Credibly Funding Special Qualities & Features

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$15,000/mo 6 mo. 500+ See if you qualify

Loan Types

Credibly offers three types of financing solutions through its internal product suite and each offer different rates and has different requirements.


MCAs from credibly have the most varying repayment terms. They are a good option if you need fast cash or have a low credit score.

Working Capital Loan

Working capital loans can cover all of your working capital expenses. This is a good option if you need to cover payroll, inventory, or other day-to-day expenses.

Business Expansion Loan

This loan comes with the most stringent requirements of the 3 credibly funding options. It also comes with the longest repayment terms. Any large, expensive business expansion expenses can be covered with a credibly business expansion loan.

Standard 24-Hour Approval

Credibly is faster than the average online lender. They publicly advertise their commitment to 24-hour approval time. After that, funds are typically available during the next business day.

Variable Repayment Terms

All 3 of Credibly’s funding options have varying repayment terms. Repayment terms can vary between 3 months and 2 years, depending on the funding solution you choose and your arrangement with Credibly.

Credibly Funding Pricing & Terms

The 3 credibly funding options have varying terms and funding amounts.


An MCA from Credibly can see up to $400,000 advanced to you within 2 business days. The repayment terms are between 3 and 18 months and will depend on how much you borrow.

MCAs from Credibly charge factor rates that start at 1.15. To learn more about how MCA factor rates work, read our guide.

Credibly MCAs also charge a monthly administration fee of $50 and a 2.5% underwriting fee.

Working Capital Loan

Credibly’s working capital loans provide up to $400,000 for working capital expenses. Repayment terms are between 6 and 18 months. These loans also carry the 2.5% fee.

Business Expansion Loan

Credibly’s business expansion loans can provide up to $250,000 in longer-term funding. The minimum funding is $5,000. Repayment terms last from 18-24 months. You will have to pay an interest rate of 9.99% to 36%.

The business expansion loan from Credibly also carries the 2.5% origination fee, but no administration fee. Unlike the other non-MCA Credibly funding options, repayments are weekly. You must also sign a UCC-1 blanket lien and a personal guarantee to get a business expansion loan.

Do I Qualify For Credibly Funding?

Each Credibly funding option carries its own requirements.


  • A Minimum credit score of 500
  • At least 6 months in business
  • A monthly revenue of at least $15,000

Working Capital Loan

  • A Minimum credit score of 500
  • At least 6 months in business
  • A monthly revenue of at least $15,000

Business Expansion Loan

  • A Minimum credit score of 600
  • At least 3 years in business
  • A minimum monthly revenue of $15,000
  • Minimum average daily balance of $3,000

Factors To Keep In Mind With Credibly Funding

Additional Fees

While Credibly isn’t sneaky with their fees, making the total cost of capital very clear, their fees do add up. The total APR of a Credibly financing option will rise with their upfront underwriting fee. Also, the $50 per month fee for their MCA will add up. Just doing some simple math, you are paying $300 every half a year for that fee alone.

So, when you’re considering the costs of Credibly funding, include the 2.5% underwriting fee. If you’re getting an MCA, add $50 per month to that.

Credibly Funding: The Last Word

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$15,000/mo 6 mo. 500+ See if you qualify

Credibly is an easier alternative to traditional lenders when you need money fast or have a low credit score. Apart from their revenue requirements, their requirements are lax. At $250,000 to $500,000, their potential loan sums can handle most of the expenses a small business would face. Larger, more established businesses are better served with other lenders. However they do have funding solutions that can provide up to $5M through their external product suite.

Not sure where to go for a business loan? Read these quick & helpful guides:
Check out our preferred marketplace lenders.

Lender Minimum Revenue Time in Business Minimum Credit Next Steps
$100K/year 1 year 600+ See if you qualify
$10,000/mo 3 mo. n/a See if you qualify
$10,000/mo 3 mo. n/a See if you qualify
$75,000/yr 24 mo. 620+ Request Intro
Varies Varies 560+ See if you qualify

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