As little as 4 Hours
Traditional bank loans require mountains of paperwork and weeks of waiting—and still have staggeringly low approval rates. With Credibly, you can:
✔ Complete an online application form in 10 minutes or less.
✔ Expect a response based on an assessment of your business’s health within one business day.
✔ If approved, receive your business’s cash advance directly in your account in as little as 48 hours.
Approval Based On Your Future, Not Your Past
Fluctuating revenue or a poor credit score shouldn’t prevent a healthy, growing business from reaching its full potential. Merchant cash advances are available to businesses that meet the following criteria:
✔ 500+ credit score
✔ 6+ months in business
✔ $15,000+ average monthly bank deposits*
Up To $400,000
Depending on your situation, goals, and revenue, you can secure a cash advance for your business to cover temporary cash flow shortfalls and pay for:
✔ Equipment, inventory, or supplies
✔ Employee salaries
✔ Short-term projects or repair emergencies
You don’t need to dig up years’ worth of history to gain approval. All that’s needed to secure a cash advance for your business is:
✔ Signed receivables purchase agreement
✔ Business mortgage statement or business lease agreement
✔ Valid government-issued photo ID of all owners
✔ Bank statements from the business bank account associated with the business—most recent 3 months**
Don’t worry! If you’re not sure what this all means, we’re happy to talk this through with you. That’s what we’re here for.
For advances over $100,000, we require your most recent business tax return.
Tied To Receivables
Unlike a loan, a merchant cash advance provides your business with capital by allowing us to purchase a percentage of your daily credit and debit card sales.
✔ No need to provide any additional assets as collateral
✔ Set percentage remitted every day
✔ Remittances are deducted automatically
✔ Average term length: 3 to 18 months
Explore Your Options Without Damaging Your Credit Score
Getting your small business off the ground can feel like an uphill battle if you have a low credit score or fluctuating revenue. A merchant cash advance for your small business will allow you to:
✔ Avoid potential damage to your credit score
✔ Obtain an advance with a lower credit score
✔ Access capital to support your business goals without offering up assets or committing to costly loan repayments
As Low As 1.09***
Credibly aims to make both funding and remittances intuitive, convenient, and easy to manage.
✔ We present merchant cash advance pricing as a factor rate: Factor Rate = Purchased Amount ÷ Advanced Amount.
✔ Underwriting fee: A one-time 2.5% of the total advance amount set up fee is added to your balance at funding
✔ Admin fee: $50 monthly payment
Merchant Cash Advance: Advantages and Disadvantages
Merchant cash advance financing can be great for seasonal businesses or those looking for short-term financing options. Is it right for you?