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Credibly Named Fastest Merchant Cash Advance Provider


Minyang Jiang

Credibly Builds on Momentum: Recognized for Fastest Merchant Cash Advance Services

Credibly tailors funding solutions to small and medium-sized business, and has provided more than $460 million in capital since 2010. By leveraging data science and analytics to improve the speed, cost, and choice of capital available to SMBs, the company is establishing itself as a go-to option for funding.

On top of being recognized as one of Inc. 5000’s fastest-growing U.S. businesses the past three years, Credibly has been applauded for its services as both a private lender and business consultant.

Fit Small Business, an online newspaper focused on small business owner’s needs, applauded Credibly for its ability to advise and serve a variety of businesses. Just a few months after being honored as one of the best blogs for small business, Credibly was nominated as one of the Best Merchant Cash Advance providers for 2017.

What is a Merchant Cash Advance?

A merchant cash advance (MCA) provides businesses with a lump sum cash advance in return for a specific amount of money. Companies remit a percentage of daily credit/debit receivables until the amount is paid back in full. Because of this, there is no fixed satisfaction or end maturity date, and the access to funding is much quicker.

Cash advance services are an ideal funding option for companies that need smaller amounts of capital immediately. While it may be slightly more expensive than a traditional bank loan, you’re exchanging price for convenience, speed, and flexibility.

Benefits of a Merchant Cash Advance

Unlike a traditional bank loan, cash advance services are fast. Companies are able to apply for and acquire funding in as little as 48 hours.

This quicker access to funding stems from the application process. Because a merchant cash advance typically does not show up on your credit report, it’s easier to obtain with a lesser credit score. In general, MCA’s are an attractive funding option for people who are trying to build or protect their credit.

However, beauty goes beyond securing capital. Merchant cash advances have a unique benefit in their flexible satisfaction period. For cyclical and seasonal businesses, loans with a fixed repayment term may be overly harsh during slow weeks.

Cash advance payments are remitted as a portion of daily sales, so companies experience less of a burden when business is slow. Cash advances are often the best funding option for companies that experience less-frequent, higher-margin sales, as borrowers can pay back the majority of the advance when business flourishes.

Credibly Named Fastest Merchant Cash Advance Provider

Fit Small Business reviewed the most popular merchant cash advance providers (RapidAdvance, Credibly, and Fora Financial) due to their eligibility and overall cost. Ultimately, they recognized Credibly as the merchant cash advance provider with the fastest time to funding and highlighted their ability to help a wide variety of businesses and industries.