Credibly is a financing solution that enables small and medium-sized businesses to obtain funding. It offers different business financing options including working capital loan, business expansion loan, and merchant cash advance. In this article, we cover user reviews and pricing. Ready to get started? Pre-qualify now.
Quiz: Is Kabbage or OnDeck Right for Your Business?
What Credibly Does Well
Users who gave Credibly a positive review said that they are very pleased with its service. A lot of users commended the staff for being knowledgeable, kind, and helpful. Some also shared that the entire process is smooth and quick.
One user who gave Credibly a positive review on Trustpilot said that the account representative who walked him through the process was very helpful and professional. He added that his loan request got approved in less than 24 hours, and he never thought it was going to be so easy and quick.
What Credibly Does Not Do Well
As of the date this article was written (February 7, 2019), there are no up-to-date negative reviews of Credibly available online.
Credibly offers three business financing options: Business Expansion Loan (up to $250,000), Working Capital Loan (up to $400,000), and Merchant Cash Advance (up to $400,000), with loan interest rates ranging from 1.15% to 9.99%. A one-time origination fee of 2.5% of the total loan amount will be deducted from the loan proceeds.
|Funding Options||Maximum Loan Amount||Interest Rates||Term Length|
|Business Expansion Loan|
|Working Capital Loan|
|Merchant Cash Advance|
Ready to get started with Credibly? Pre-qualify now.
Top Lender Pick from Fit Small Business
Fast Business Loans: 6 Best Quick Business Loans 2019: Fast business loans are typically short-term financing options with high-interest rates that make funds available in one to three business days. In this article, we review the best quick business loans for businesses that need short-term working capital for payroll, inventory, and expenses. We considered their terms, costs, and qualifications to identify the six best.
Check out the list below of some of Credibly’s features:
- Business Financing
- 24-Hour Approval
- Daily or Weekly Repayment Options
- Working Capital Loan
- Business Expansion Loan
- Merchant Cash Advance
How quick is it to get funded?
Businesses can be funded in as little as 24 to 48 hours after the approval.
What information does Credibly need to assess a pre-qualification request?
Credibly uses a borrower’s credit information, recent bank statements, business cash flow, and other data to assess the business’ health and provide him or her with the best funding options.