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Small business loans and financing

30,000+ small- and medium-sized businesses financed… and counting

Credibly’s small business loans make all the difference

Right-sized capital

Borrowing more than enough capital can often be just as stressful as not having enough. We’ll help you get a small business loan that’s right for you.

Grow, don’t owe

Take the stress out of growing your business with continuous working capital support.

The Credibly difference

Get guidance and capital through a simple, transparent, and seamless process to get the funding you need.

Speak to a financing expert

Financing options for small businesses*

Working capital loan

Hire more staff

Hiring is one of the hardest parts of owning your business. A working capital loan for small businesses makes it easier to hire the staff you need.

Scale up your marketing campaigns 

Let us help with the right small business loans so you can maximize marketing potential by investing in local ads, digital advertising, and strategic partnerships.

Business specific needs

The challenges you face are unique to you. We’re here to listen and ensure that you always have enough cash flow to seize an opportunity as it arises.

Merchant cash advance

Lower credit? Not a problem

Merchant cash advances are perfect for businesses with fluctuating revenue and lower credit scores.

You can use these funds to buy inventory, pay employees, make emergency repairs, pay for marketing expenses, purchase equipment, and finance other short-term expansion projects.

Long term loans

Open a new location

Enjoy lower APRs and longer payback periods—perfect for making down payments for a new location.

New equipment

Unlike traditional banks that make finding financing options difficult, we’ll provide you with reasonable interest rates.

Make renovations

Don’t get bogged down in red tape, get lower interest loans that let you make the repairs and updates you need.

Business line of credit

Capital when you need it

Get the most flexible access to working capital anytime you need it with revolving business lines of credit.

Draw only what you need

Withdraw exactly as much as you need, and don’t let your business get saddled with a loan you won’t utilize.

Pay for what you use

You’ll only pay interest on the amount you withdraw, which means the cost of capital is usually less than other types of funding.

Why Credibly is the obvious choice for small business loans

  • Apply for a small business loan online
  • Get funding in as little as 24 hours
  • Funds deposited directly into your bank account
  • Seamless online checkout designed with your success and security in mind
  • Factor rates as low as 1.11**

How to apply for a small business loan online

Step 1
Pre-qualify online

Click the “Get Started” button, enter some basic business information, and pre-qualify for loans for your small business.

Step 2
Approval in as little as 4 hours

Once approved, a loan advisor will reach out to you with the options you qualify for and help you choose the best business loan or financing product for your situation.

Step 3
Receive same-day funding

Funds are deposited directly into your bank account so you can use your funding immediately.

More small business financing options*

Merchant cash advance

Provides you with up-front funding in exchange for a portion of future receivables.

Equipment financing

This small business financing option allows you to pay for your machine over the life of the lease with low APRs.

Invoice factoring

Have money tied up in unpaid invoices? Instead of waiting on net terms, turn them into working capital with invoice factoring.

SBA loans

Get lower interest rates and longer repayment periods. We’ll guide you through the application for a small business loan.

Small business loans—The Credibly difference

Credibly
Bank Loans
Credit Cards
SBA Loans
Funding Range
$5K-$400K
$100K
Credit dependent
Credit dependent
Process
Pre-qualify online
Soft credit pull only
Long application, credit inspection, business plan, and industry risk
Prequalify online
Soft credit pull only
Long application, credit inspection, business plan, and industry risk
Approval Time
Less than 4 hours
Weeks-Months
Less than 30 Days
Months
Time to Funding
Same day from approval
2-3 Months
7-10 Business days
60-90+ Days
Approval Criterias
Overall business health
Credit score and collateral
Credit score
Credit score and collateral

FAQs for small business loans

What types of loans for small businesses does Credibly offer?

Credibly is a direct lender of working capital loans and merchant cash advances. Through our partners, we offer SBA loans, business lines of credit, equipment financing, long-term loans, and invoice factoring.

Our loan specialists can help you:

  • Review the available loans for small business owners
  • Determine which loan or financing is right for you
  • Complete the application for a business loan

What are the eligibility requirements for Credibly’s small business loans?

The eligibility requirements for Credibly’s small business loans and financing are loan-specific and based on a business owner’s specific credit history and creditworthiness.

Generally, you need to have:

  • Six months or more time in business
  • Credit score of over 500, and
  • Average monthly revenue of $15,000+ ($180,000+ in annual revenue).

Specific requirements will vary.

How do I get a small business loan if I have bad credit?

Some funding products like merchant cash advances and invoice factoring are less credit dependent because these financing products are based on sales instead of a credit report.

Similarly, equipment financing does not have as much emphasis on credit because the equipment can be used as collateral if you default on your loan. Many of our financing solutions can help you build business credit as well.

Can I get a small business loan for a new business or startup?

Startups almost never qualify for traditional bank loans, and that is true for Credibly’s business loans and financing as well.

However, there are a lot of options in small business loans for new businesses and startups, including:

  • Business credit cards
  • Personal loans
  • Your own savings

How can I use a small business loan?

“Flexible” means that you can use the capital to fund whatever your business needs.

Some business loans are flexible in their loan usage options, such as a working capital loan, business expansion loan, merchant cash advance, business line of credit, or SBA loan.

However, some loan and financing options are not flexible. Equipment financing can only be used to purchase or lease equipment. Any type of real estate loan will also be specific to funding a physical business location.

What should I consider before applying for a small business loan online?

Before asking “how to apply for a small business loan?” you should first consider whether the capital will help your business grow or help your business survive a crisis.

If you don’t have a good reason for a business loan, the fees and interest can really add up.

However, if a business loan will help you buy new equipment, hire needed staff, or survive a crisis like the COVID-19 pandemic, then you should consider each of the following questions when reviewing the loan.

  1. How much capital does my business need?
  2. How much is the interest rate and APR for this loan?
  3. What are the fees or prepayment penalties for this loan?
  4. How are monthly payment amounts determined (installments, percentage remittances, etc.?)
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*Some products are made available through Credibly’s network of external funding partners

**Factor rates are included in your daily estimate to simplify remittances and account monitoring. Best factor rates available to merchants with excellent credit and financial strength. Rates, pricing, requirements, and other terms and conditions are subject to change without notice.