Credibly Business Loans Review 2026
Who are Credibly business loans best for?
Credibly offers faster funding than many competitors, with approval in as little as two hours and funding in as little as four hours. Its minimum credit score of 500 is also relatively low, making the lender a good fit for borrowers with fair or poor credit.
Credibly’s working capital loans—or short-term business loans—range from $25,000 to $600,000. They are larger than many other short-term loans, though some lenders offer as much as $1.5 million for borrowers who need more funding..
Who might Credibly not be a fit for?
You need a minimum monthly revenue of $15,000 (an annual revenue of $180,000) to qualify for a Credibly loan, so smaller businesses might not be eligible. The lender also uses a factor rate on some loans, which is common with short-term small-business loans but can result in higher borrowing costs.
Types of business loans available
Credibly offers various funding solutions, including working capital loans, business lines of credit and equipment financing, as a direct lender and through partners.
Working capital loan
Working capital loans offer short-term financing for managing cash flow. Loan terms range from six to 24 months, with funding amounts from $25,000 to $600,000. Repayment is calculated using a factor rate, which starts at 1.11. Loans are funded in as little as four hours.
Merchant cash advance
Credibly’s merchant cash advance offers $5,000 to $600,000, with funding amounts determined by projected sales. Repayment terms range from three to 24 months, with daily or weekly payments, depending on terms. Factor rates start at 1.1.
Business line of credit
A business line of credit from Credibly can be harder to qualify for than other loan types, requiring a minimum credit score of 700 and monthly revenue of $20,000 or more. It features a credit limit between $5,000 and $300,000, which you can draw from multiple times, and monthly rates of 3% to 5%.
Long-term business loan
Credibly long-term business loans feature higher funding amounts and longer repayment terms. Businesses can borrow between $50,000 and $10 million, with terms up to 10 years.
Eligibility requirements for long-term loans are stricter. You need at least $500,000 in annual deposits, two years or more in business and a minimum score of 700. Rates are not disclosed.
SBA loans
Credibly also offers SBA 7(a) loans, which can be used for various purposes, including purchasing supplies, acquiring real estate or managing cash flow. It doesn’t disclose a minimum credit score, and rates are competitive.
Equipment financing
Equipment loans finance essential business equipment. The equipment serves as collateral, so funding amounts are often higher. Credibly equipment loans range from $10,000 to $10 million.
The minimum credit score for equipment loans is 550. You also need at least one year in business and $25,000 in monthly deposits. Rates are not disclosed.
Credibly business loan details
Credibly offers several loan types with varying borrowing limits, terms and repayment structures.
- Loan amounts: Credibly working capital loans and merchant cash advances have a $600,000 borrowing limit. Equipment financing and long-term loans are up to $10 million.
- Terms: Term lengths vary by loan type. Working capital loans offer short terms of six to 24 months, while long-term loans are as long as 10 years.
- Repayment schedule: Payments might be daily, weekly or monthly, depending on loan type.
- Repayment costs: A merchant cash advance or working capital loan from Credibly uses a factor rate starting at 1.11 to calculate repayment. Business lines of credit charge a monthly interest rate of 3% to 5%. Credibly does not disclose rates on other loan types.
- Fees: Working capital loans include a 2.5% origination fee. Other charges aren’t disclosed.
- Funding time: Credibly loans, with the exception of SBA loans, offer funding in as little as four hours.
