Credibly Definitive Review (2025)

Written by Ricardo Laizo

- Nov 30, 2025

Adheres to

Credibly stands out as a solid alternative lender for small businesses needing quick capital with less stringent credit requirements.

While their financing costs more than traditional bank loans, their speed, accessibility, and transparency justify the premium for businesses facing time-sensitive opportunities.

Particularly valuable for established businesses with steady revenue but imperfect credit.

  • Exceptionally Fast Funding: Credibly's approval process can take as little as 4 hours with same-day funding available.

  • More Inclusive Eligibility Requirements: Minimum credit score requirement of 500

  • Diverse Financing Alternatives: Credibly offers a comprehensive suite of options

How Credibly compares - Financer Score™

Financer score™ is our own point system which is updated live and based on several criteria that gives you a balanced view of the company quality.

Financer Score™70

Pricing

70

Credibly's factor rates start at 1.11 with a 2.5% origination fee, which is higher than traditional financing but standard for alternative lenders. The costs are justified by the speed and accessibility.

Customer Support

100

Credibly's support is incredibly quick and efficient. By email, the first response is sent by a human in approximately 4 hours, while subsequent interactions take less than 60 minutes. There's also the option of support via phone or text message.

Terms and Flexibility

90

Credibly offers clearly disclosed terms with upfront transparency about factor rates and fees. Their flexible funding options and data-driven approach show commitment to customizing solutions, though some state limitations exist.

Popularity

53

The popularity score indicates the percentage of customers choosing this company the last 90 days.

Customer Experience

Credibly excels with its exceptionally fast funding (as quick as 4 hours), inclusive eligibility requirements, and diverse financing alternatives. Their data-driven approach provides more opportunities for businesses with less-than-perfect credit.

Review this companyRead reviews

Credibly's Business Loans in Credibly – Details

Terms & fees

Loan amount$5,000 - $10,000,000
Term6 months - 5 years
Annual interest rate10% - 40%
Nominal interest rate1.11% - 1.4%
Origination fee2,5%
Interest rate typeFixed rate

Requirements

Minimum credit score300-579
Minimum years in business0.5
Minimum annual revenue$180,000
Company types available1,000+ industries
National bank requiredYes
National phone number requiredYes
Headquarters in country requiredYes
Electronic identificationNo
Require tax returnsNo
Require bank statementYes
Require financial statementNo
Require business planNo
Collateral requiredNo
Personal collateral requiredNo

Features

Revocation periodNo
Weekend payoutNo
Loan extensionsNo
Early paybackYes
Loan brokerNo
P2P LenderNo
Possible for start-upsYes
Line of creditYes

Additional fields

Recommended companyYes

Company information – Details

Official business nameRetail Capital LLC
Company nameCredibly
Websitehttps://www.credibly.com/
Phone(888) 664-1444
Emailcustomerservice@credibly.com
Address25200 Telegraph Rd Suite 350, Southfield, MI 48033
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Credibly Ultimate Guide

We spent several hours testing Credibly and researching what its customers are saying online. We've compiled the Credibly Reviews into a single and ultimate guide: here's everything you need to know about the company.

CharacteristicCredibly
Founded2010
Loan Amounts$5,000 to $600,000
Minimum Credit Score500
Time in Business Required6+ months
Monthly Revenue Required$15,000+
Funding SpeedAs fast as 4 hours
Total Funding Provided$2.5+ billion
Businesses Served50,000+
Industries Served1,000+
Trustpilot Rating4.8/5 (2,345+ reviews)
BBB RatingA+

Who is Credibly?

Established in 2010, Credibly has positioned itself as a direct lender focused on providing small to medium-sized businesses.

Unlike traditional banks that focus primarily on credit scores and collateral, Credibly takes a data-driven approach to evaluate a business's overall health and potential.

Higher chances

This means that even if you have less-than-perfect credit, you might still qualify for funding if your business demonstrates strong revenue and operational stability.

Credibly's speed is one of its greatest strengths. The company stands out by offering approval as fast as 2 hours and funding as quick as 4 hours. This means at least 6 times faster than the industry average.

If this isn't enough, Credibly shows a real commitment to understanding your business needs. They don't just offer loans, they work with you to find the right financial solution that aligns with your short-term needs and long-term goals.

Grow with Credibly

Credibly Requirements

To qualify for Credibly's financing options, your business needs to meet some basic requirements:

  • Time in Business: Minimum of 6 months

  • Credit Score: 500+ (varies by loan product)

  • Monthly Revenue: From $15,000 ($180,000 annually)

  • Documentation Needed: 3 months of bank statements and a government-issued ID

  • Business Location: Must be operating in the United States

  • Banking: Revenue must be deposited into a business bank account

It's worth noting that these are the minimum requirements for their most accessible products. Some financing options, like their business line of credit or long-term loans, have higher eligibility thresholds:

  • Business Line of Credit: 675+ credit score, $20,000+ monthly revenue

  • Long-Term Loans: 700+ credit score, 2+ years in business, $500,000+ in yearly deposits

Who is Credibly For

Okay, Credibly already seems like a good option for you, right? However, each entrepreneur has their own needs, what means that the ideal loan can be different.

But don't worry, we've got you covered. Here is the ideal profiles for Credibly borrowers:

  • Small to Medium Businesses with Steady Revenue: With a minimum monthly revenue requirement of $15,000, Credibly caters to established businesses that have proven their ability to generate consistent income. These businesses can leverage Credibly's funding to manage cash flow gaps or fuel growth.

  • Business Owners with Less-Than-Perfect Credit: Traditional banks often require credit scores of 680 or higher, but Credibly's minimum credit score requirement of 500 for some products makes them accessible to entrepreneurs who have faced personal financial challenges. This is a good deal because your business performance matters more than your personal credit history.

  • Businesses Needing Quick Capital: When opportunity or emergency strikes, waiting weeks for bank approval isn't feasible. Credibly's same-day funding can be a lifesaver for businesses that need to act quickly to purchase inventory, replace equipment, or capitalize on a time-sensitive opportunity.

  • Growing Businesses Seeking Expansion Capital: For companies with 6+ months of operation that are ready to expand, Credibly provides access to growth capital without the stringent requirements of conventional lenders.

  • Seasonal Businesses: If your business experiences significant fluctuations in revenue throughout the year (like retail during holidays or landscaping companies during spring/summer), Credibly's merchant cash advances offer flexible repayment based on your daily sales. This means you'll pay less during slow periods, reducing financial strain.

  • Service-Based Businesses: Professional services, restaurants, retail stores, healthcare providers, and similar businesses with regular customer transactions are particularly well-suited for Credibly's financing options, as their steady cash flow aligns with repayment structures.

  • Companies That Value Personalized Service: Businesses that appreciate working with financing partners who take the time to understand their specific needs and challenges will find Credibly's customer-centric approach refreshing compared to the impersonal nature of traditional banking relationships.

On the other side, don't think of Credibly as a solution if your business looks more like:

  • Brand new startups with less than 6 months in business

  • Businesses with monthly revenue below $15,000

  • Businesses that would struggle with daily or weekly payments

To help you better understand the best option for your current needs, check out this comparation between Credibly and other financing methods.

FeatureCrediblyBank LoansCredit CardsSBA Loans
Funding Range$5K-$600K$100K+Credit dependentCredit dependent
Application ProcessPre-qualify online, Soft credit pull onlyLong application, credit inspection, business plan, and industry riskPrequalify online, Soft credit pull onlyLong application, credit inspection, business plan, and industry risk
Approval TimeAs fast as 2 hoursWeeks-MonthsLess than 30 DaysMonths
Time to FundingAs fast as 4 hours2-3 Months7-10 Business days60-90+ Days
Approval CriteriaOverall business healthCredit score and collateralCredit scoreCredit score and collateral

Feeling confident that Credibly's support can help you through your business challenges? Try a free pre-qualification in minutes.

Do a free pre-qualification

Business Loans Available at Credibly

Credibly serves over 1,000 industries, so they probably can help your business. Let's detail Credibly's offerings.

Working Capital Loan

Credibly's working capital loans provide quick access to cash for day-to-day business operations, inventory purchases, marketing campaigns, or unexpected expenses. These short-term loans are designed to help stabilize cash flow and meet immediate business needs.

  • Loan amounts: $25,000 to $600,000

  • Terms: 6 to 24 months

  • Factor rates: Starting at 1.11

  • Origination fee: 2.5% of the total loan amount

  • Repayment schedule: Automatic daily or weekly payments

The perfect fit

This is the best option if you need urgent money

Pros

  • Fast funding, with approval in as little as 4 hours and same-day funding available

  • Simple application process with minimal documentation required

  • Available to businesses with credit scores as low as 500

  • Funds can be used for any legitimate business purpose

Cons

  • Higher cost compared to traditional bank loans

  • Includes a 2.5% origination fee

  • Shorter repayment terms mean higher periodic payments

Apply for a Working Capital Loan

Merchant Cash Advance

A merchant cash advance (MCA) from Credibly is not technically a loan but rather the purchase of your future credit and debit card sales. This financing option provides upfront capital in exchange for a percentage of your daily sales, making it an excellent choice for businesses with fluctuating revenue.

  • Advance amounts: $5,000 to $600,000

  • Estimated duration: 3 to 24 months

  • Factor rates: Starting at 1.11

  • Underwriting fee: 2.5% of the advance amount

  • Administrative fee: $50 monthly

  • Repayment: Automatic daily or weekly remittances based on a percentage of card sales

The perfect fit

This is the best option if your business doesn't have a constant cash flow and needs a customized repayment schedule

Pros

  • Flexible remittances that adjust with your business revenue

  • Quick access to funds with minimal paperwork

  • Lower credit score requirements make it accessible to more businesses

  • No fixed payment schedule, so you pay less during slow periods

  • No collateral required beyond future sales

Cons

  • Can be more expensive than traditional loans

  • Includes a $50 monthly fee

Apply for a Merchant Cash Advance

Business Line of Credit

Offered through Credibly's partner lenders, a business line of credit provides revolving access to funds up to your approved limit. Similar to a credit card but with potentially higher limits and lower rates, you only pay interest on the amount you actually use.

  • Credit limits: $5,000 to $300,000

  • Terms: 3 to 24 months

  • Interest rates: 3-5% monthly interest rate

  • Repayment: Weekly or monthly payments

The perfect fit

This is the best option if your business is established and you need recurrent funding

Pros

  • Flexible access to capital when you need it

  • Only pay interest on the amount drawn

  • Revolving credit: as you repay, funds become available again

  • Lower interest rates than business credit cards

  • No need to reapply once approved

Cons

  • Requirements: Needs a higher credit score (675+) and monthly revenue ($20,000+) than other Credibly products

  • May require personal guarantees or collateral

Apply for a Business Line of Credit

Long-Term Business Loans

Available through Credibly's lending partners, long-term business loans provide substantial financing with extended repayment periods, making them ideal for major growth initiatives and significant business investments.

  • Loan amounts: $50,000 to $10,000,000

  • Terms: Up to 120 months (10 years)

  • Repayment: Monthly payments

The perfect fit

This is the best option if your business has strong financial performance and needs substantial capital

Pros

  • Lower monthly payments due to extended repayment terms

  • Larger loan amounts available for significant investments

  • Monthly payment schedule easier to manage for many businesses

  • Fixed interest rates provide payment predictability

  • Funds can be used for long-term growth initiatives

Cons

  • Stricter qualification requirements

  • Longer application and approval process

  • May require collateral or personal guarantees

  • Higher total interest cost over the life of the loan

Apply for a Long-Term Business Loan

Equipment Financing

Through Credibly's partner network, equipment financing helps businesses acquire necessary machinery, vehicles, or technology without large upfront cash outlays. The equipment itself typically serves as collateral for the loan.

  • Financing amounts: Up to $10 million

  • Terms: 12 to 60 months

  • Collateral: The equipment being financed

The perfect fit

This is the best option if your business needs essential equipment

Pros

  • The equipment serves as collateral, potentially making approval easier

  • Preserve cash flow by spreading equipment costs over time

  • Potential tax benefits through Section 179 deductions

  • Fixed payment schedule for easier budgeting

  • May qualify with lower credit scores since the equipment serves as security

Cons

  • Limited to equipment purchases only

  • May require a down payment

  • Could involve additional fees for insurance or maintenance

Apply for a Equipment Financing

SBA Loans

Available through Credibly's partner lenders, Small Business Administration (SBA) loans are government-backed financing options that offer favorable terms and lower interest rates compared to many other business financing solutions.

  • Loan amounts: Up to $5 million

  • Terms: Up to 10 years for working capital, up to 25 years for real estate

  • Interest rates: Among the lowest available for small businesses

The perfect fit

This is the best option if your business is already established and you want the most favorable terms available

Pros

  • Lower interest rates than most alternative financing options

  • Lower down payment requirements than conventional loans

  • Counseling and education resources available through the SBA

Cons

  • Lengthy application and approval process (30-90+ days)

  • Extensive documentation requirements

  • Stricter qualification criteria than direct Credibly products

Apply for a SBA Loan

Invoice Factoring

Offered through Credibly's lending partners, invoice factoring allows businesses to convert outstanding invoices into immediate cash by selling them to a factoring company, which then collects payment directly from your customers.

  • Advance amounts: Up to 95% of invoice value

  • Maximum funding: Up to $400,000

  • Fees: Factor rate applied to invoice value

  • Term: Until invoice is paid by customer

  • Immediate access to funds tied up in accounts receivable

The perfect fit

This is the best option if your business has slow-paying clients

Pros

  • Immediate cash flow improvement without waiting for customer payments

  • Approval based on customers' creditworthiness rather than yours

  • No debt added to your balance sheet

  • No fixed repayment schedule for your business

  • Can scale with your business as invoice volume grows

Cons

  • Can be more expensive than traditional loans

  • Not all invoices may qualify (based on customer credit)

Apply for a Invoice Factoring

How to Apply for a Credibly Business Loan

Applying for business financing with Credibly involves a straightforward process designed to minimize paperwork while getting you funded quickly.

Complete the Online Pre-Qualification Form

Visit Credibly's website and fill the form. You'll need to provide basic information, such as legal business name, time in business, and average monthly revenue.

Credibly's pre-qualification uses a soft credit pull that won't impact your credit score. The form typically takes 5-10 minutes to complete.

Review Your Initial Offer

After submitting the pre-qualification form, you'll receive an initial response indicating if you pre-qualify, often within minutes. If you're approved, a Credibly funding advisor will contact you, typically within 1-2 hours to discuss your business needs.

Take time to understand all aspects of your offer before proceeding. Remember to evaluate all Credibly's options.

Submit Full Application and Documentation

If you decide to move forward, your funding advisor will send you a link to complete the full application. Upload all required documentation through Credibly's secure portal.

This stage is where Credibly performs a thorough evaluation of your business's financial health.

Underwriting and Final Approval

Credibly's underwriting team will review your complete application and documentation. They may contact you for additional information or clarification if needed.

You'll receive final approval notification, typically within 4 hours of completing your full application. Review the final terms carefully!

Sign Loan Documents and Set Up Funding

Once approved, you'll receive official loan documents to review and sign electronically. Double-check all banking information for accuracy to prevent funding delays.

Receive Funding

After all documents are signed and processed, funds are typically deposited directly into your business bank account.

Funding can occur as quickly as the same business day if all documentation is submitted and approved early in the day. Otherwise, funding generally occurs by the next business day.

Manage Your Repayment Schedule

Automatic payments will begin according to your payment schedule.

Ensure sufficient funds are available in your account to cover scheduled payments and contact your dedicated account manager if you encounter any issues or have questions.

Conclusion

Credibly stands out in the business financing market with its accessible eligibility requirements, rapid funding, and diverse loan products. Their data-driven approach evaluates overall business health rather than just credit scores, creating opportunities for businesses traditional banks might reject.

While their financing costs more than conventional loans, with factor rates starting at 1.11, the speed and accessibility justify the expense for many time-sensitive business needs.

Ready to see if Credibly can fuel your business growth? Check your eligibility without affecting your credit score.

FAQ Credibly

Is Credibly legit?

Yes, Credibly is a legitimate business financing company founded in 2010 and headquartered in Michigan. They have funded over $2 billion to small businesses across the United States and maintain an A+ rating with the Better Business Bureau. With over 2,300 reviews on Trustpilot and a 4.8/5 star rating, Credibly has established itself as a reputable alternative lender in the business financing space. They're transparent about their rates and fees, and they comply with relevant lending regulations.

What are Credibly's minimum requirements for business funding?

To qualify for Credibly's basic financing options, your business needs to have been operating for at least 6 months, generate at least $15,000 in monthly revenue ($180,000 annually), and you need a personal credit score of 500+. Their premium products, like business lines of credit, require stronger qualifications including a 675+ credit score.

How quickly can I get funded through Credibly?

Credibly offers some of the fastest funding in the industry. The approval process can take as little as 4 hours, and if approved, you can receive funds the same day if you complete your application early in the business day (typically before 11 AM Eastern). Otherwise, funding generally occurs by the next business day.

What financing options does Credibly offer?

Credibly provides multiple financing solutions including working capital loans, merchant cash advances, equipment financing, business lines of credit, SBA loans (through partners), and long-term business loans. Amounts range from $5,000 to $10 million depending on the product and your qualifications.

Does applying for Credibly funding affect my credit score?

Initial pre-qualification with Credibly uses a soft credit pull that doesn't impact your credit score. A hard inquiry is only performed during the final stages of the approval process after you've decided to move forward with a specific funding offer.

Can I get Credibly funding with bad credit?

Yes, Credibly is more accessible than many lenders for business owners with credit challenges. Their minimum credit score requirement is 500 for some products, though better rates and terms are available to applicants with stronger credit profiles.

How does Credibly compare to traditional banks?

Credibly offers significantly faster approval and funding than traditional banks (hours versus weeks or months), has more inclusive eligibility requirements, and requires less documentation. However, Credibly's financing costs more than bank loans, with higher rates and additional fees.

Can I renew my Credibly funding before it's fully paid off?

Yes, Credibly typically offers renewal opportunities once you've repaid 50-70% of your original funding amount. Returning customers with good payment history often qualify for larger amounts and potentially better rates on renewal funding.

What industries does Credibly work with?

Credibly works with businesses across numerous industries including retail, restaurants, construction, healthcare, manufacturing, professional services, and many others. They do maintain a short list of restricted industries that they don't fund, which includes gambling, adult entertainment, and certain high-risk sectors.

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