Small business loans that are right for your business, right now

Credibly’s mission is to provide small and medium-sized businesses with streamlined access to the funding they need to operate and grow. We understand that each business is unique, so we offer a comprehensive suite of loans and other flexible financing solutions that are tailored to your specific needs. With varying terms and funding amounts, we ensure that you get the right-sized funding at each stage of your business’s development.

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Right-sized Capital

Providing business owners with the most helpful amount of capital for their specific needs

Grow, Don’t Owe

Growing your business to the next level and providing continuous working capital support

Credibly Experience

Delivering guidance and capital through a simple, transparent, and seamless process

COVID-19 Resources for Small Businesses

While small businesses are beginning to reopen around the country, social distancing guidelines and government mandates are still causing critical cash flow concerns for small businesses everywhere. The Small Business Administration (SBA) Guidance and Resources page is designed to inform small business owners like you about government relief programs and help you deal with the challenges you may face as you reopen your business. Your local SBA district office can also provide additional resources, information specific to your location, and help you apply for relief programs.

To learn more, visit our Small Business Guide for COVID-19.

Paycheck Protection Program: What You Need to Know Now

While most lenders can no longer process new Paycheck Protection Program (PPP) loans before the program closes, you may have already applied to the Paycheck Protection Program and received much-needed funds. To qualify for loan forgiveness, you need to submit your application, which is available from the SBA. For more information specific to your case, consult your loan originator (whoever you worked with to get your PPP loan).

What is the Paycheck Protection Program Flexibility Act?

The passage of the PPP Flexibility Act raised the forgivable non-payroll expenses from 25% to 40% of the loan amount, so you may be eligible for more loan forgiveness than you thought. If you apply for loan forgiveness, your repayment of any remaining loan balance does not start until you receive forgiveness compensation. If you do not apply for forgiveness, you have a ten-month deferral period before you need to make payments.

Is COVID-19 Pandemic Relief for Small Businesses Still Available?

In short, yes. The SBA began accepting new Economic Injury Disaster Loans (EIDL) on June 15th. You can also apply for the EIDL Advance, which is a grant of up to $10,000 that does not need to be repaid. Businesses in all 50 U.S. States and Washington, D.C. are eligible to apply for these loans, so it is important to do so as soon as possible. If you are struggling to repay previous debt, such as a term loan originated before the COVID-19 pandemic or your business lease, discuss your situation with your lender.

The Best Loan for Your Business Needs

Not every business is the same: financing solutions shouldn’t be either. Credibly business loans and financing solutions are tailored to your short-term needs and long-term goals so that you can focus on operating and growing your business. We want to ensure that you get the right-sized funding at any stage of business development, and our team is always available to coach you throughout the process. With one of the widest range of products amongst any direct lender, we have you covered.

How to Get a Small Business Loan with Credibly

We understand that small business owners are busy people. Credibly offers streamlined access to capital and a simplified funding process, so that you can focus on growing your business. Take ten minutes to complete our online prequalification form and receive funds in your bank account in as little as 24 hours from approval. Exploring your options is free and easy and will not hurt your credit.

Simple Financing & Loan Application Process

To begin the application process, we just need some basic information about yourself and your business, a signed and completed prequalification request, and your most recent three months bank statements. All of Credibly’s direct loan products require 6+ month’s business, a 500+ credit score for the business owner(s), and $15,000 in average montly revenue. Non-loan funding options have similar minimum qualifying criteria but may vary based on the specific financing product.

Approval in 24 hours

Rather than focusing strictly on traditional financial metrics like your credit score, we assess the overall health of your business and financing affordability. It takes us about 24 hours to approve your file upon receipt of your completed application. Once approved, a business consultant will reach out to you with the options you qualify for and help you choose the best loan or other financing product.

Direct Deposit of Funds

Funds are deposited directly into your bank account so that you can use your funding immediately. Automatic daily, weekly, and monthly^* payment and remittance options allow flexibility so that you can spend your time managing operations and leading growth initiatives. Factor rates start at 1.15 and interest rates start at as low as 9.99%.

Types of Small Business Loans

Credibly offers a wide array of loan products and other financing solutions to ensure that we can offer the best funding solution for your business. Whether you are looking to pursue a growth initiative or need additional working capital to support your cash flow, we’ll put together the best funding solution for your unique business needs.

Working capital loan

Are you looking to increase your staff, scale your marketing campaigns, purchase new decor or stabilize your cash flows? Working capital loans are a great way to ensure that you always have enough cash flow to seize opportunity.

Business expansion loan

With a low APR and longer payback period, business expansion loans are ideal for renovations, opening new locations, adding new equipment or opening a food truck.

Line of credit^*

Revolving lines of credit provide the most flexible access to working capital, anytime you need it. Draw as you need and only pay for what you use.

SBA PPP Loans

SBA Paycheck Protection Program Loans are offered as part of the CARES act and are designed to help businesses affected by COVID-19 by providing federally-backed working capital relief.

Other business financing options

Merchant cash advance

Is your business seasonal? Merchant cash advances provide you with up-front funding in exchange for a portion of future receivables.

Equipment financing^*

Need new equipment? Tax-deductible equipment leasing 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.

	Bank Loans	Credibly	Credit Cards	SBA Loans
Funding Range	$100K	$5K-$400K	Credit Dependent	Credit Dependent
Process	Long application, Credit inspection, business plan & industry risk	Prequalify online Soft credit pull only	Prequalify online Soft credit pull only	Long application, Credit inspection, business plan & industry risk
Approval Time	Weeks-Months	As soon as same day	less than 30 Days	Months+
Time To Funding	∼ 2-3 Months	As soon as same day from approval	7-10 Business Days	60-90 Days+
Approval Criteria	Credit Score & Collateral	Overall Business Health	Credit Score	Credit Score & Collateral

Get the right business financing with Credibly

Exploring the options you qualify for is risk-free and only takes a few minutes. With a simple online prequalification, fast turnaround times, flexible payback and remittance options, and a wide array of products, we can serve as your one-stop-shop for small business funding. Since 2010, Credibly has provided access to over $1B in finacing to small businesses nationwide.

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Working Capital Loans and Merchant Cash Advances are quoted as a factor, while Business Expansion products are quoted as a rate.

^*Some products are made available through Credibly’s network of external funding partners

^**Business Expansion Loan rates are equal to the annual cost of the loan including the origination fee, expressed as a percentage. Rates start from 9.99% to 36.00%. Best rates are available to borrowers with excellent credit and financial strength.

^***For Merchant Cash Advances, a specified portion or percentage of the purchased receivables are remitted each business day.

Certain products may not be available in all states.
Certain business loan products are made available through Retail Capital LLC, a licensed California Finance Lender.

Small business loans that are right for your business, right now

Right-sized Capital

Grow, Don’t Owe

Credibly Experience

COVID-19 Resources for Small Businesses

Paycheck Protection Program: What You Need to Know Now

What is the Paycheck Protection Program Flexibility Act?

Is COVID-19 Pandemic Relief for Small Businesses Still Available?

The Best Loan for Your Business Needs

How to Get a Small Business Loan with Credibly

Simple Financing & Loan Application Process

Approval in 24 hours

Direct Deposit of Funds