Credit Product Types

You may hear a lot of terms regarding funding, financing, advances, loans, and other types of credit products.  We’re here to help you learn what differentiates each and what each can potentially do for you.

Business Advances

  • Merchant Cash Advances – with these you are advanced a lump sum and pay back via a percentage of your daily credit card sales.
  • Unsecured Business Loans – a monetary loan not secured against any assets. Some examples include corporate bonds and personal loans.
  • Business Credit Cards – similar to a personal credit card, but they tend to have features like higher spending limits and the ability to issue different cards to different employees under the same account.
  • Fast Cash Advances – Credibly understands that sometimes speed is of the essence when a business opportunity presents itself. That’s why you can get an advance in as little as 48 hours.
  • Prepaid Lines of Business Credit – a prepaid line of business credit allows your business to borrow and repay as necessary, depending on bank approvals.
  • Line of Credit – usually offered by traditional banks and credit card companies to start-ups, they can be helpful, but have some very strict guidelines to getting approved.
  • Business Cash Advance – a way that businesses can utilize and their pay back operates as a percentage of daily sales.
  • Revenue Financing – advancing based on future business revenues.

Working Capital Financing

  • Inventory Loans – loans through Credibly can be used to buy much needed new or updated inventory.
  • Temporary Cash Flow Loans – sometimes small and medium-sized businesses need a little cash to help day-to-day operations run smoothly.
  • Accounts Receivable Financing – SMBs can also facilitate cash flow by financing open invoices.
  • Small Business Equipment Financing – working capital can be especially useful in financing new tools or machinery.

Small Business Loans

  • Fast, Small Business Loans – getting a loan quickly can make all the difference when it comes to seizing an opportunity so Credibly loans get approved in 24 hours and funded in 48.
  • Online Small Business Loans – many online lenders focus solely on the transactional aspect of a loan, leaving all the all-important personal touch. Credibly works with you to find the right-sized capital for your business.
  • Online Application for Small Business Loans – rather than having to fill out a metric ton of paperwork in person, Credibly’s nimble, convenient online application takes only minutes to fill out.
  • Small Business Loans Online – with so many online lenders out there, it can be confusing finding the correct funding for you. Credibly gets to know you and your business to assess exactly what kind of capital your business needs and how much.
  • Fast Small Business Financing – no one wants to wait around, especially for funds. Credibly’s financing is speedy and efficient so you can keep moving.
  • Short-term Business Loans – term loans through Credibly have a flexible range which aids in the overall adaptability of our funding options.
  • Small Business Loans for Women – women-owned businesses are a crucial part of the economy and may be able to find the funding they need through Credibly.
  • Commercial Loans for Small Businesses – these are debt-based arrangements for Small Businesses that can help them with their capital needs.
  • Small Business Term Loans – a term loan is a funding option where the customer pays back a set amount over a designated period of time.
  • Franchise Loan – this type of financing helps individuals looking to purchase a franchise.
  • Veteran-Owned Small Business Loan – there are millions of veteran-owned businesses across the United States. Many of these types of businesses may need a simple, affordable loan such as the Business Loan that Credibly offers.

SBA Loans

The U.S. Small Business Administration has a list of loan programs that small and medium-sized businesses can apply for. Read more here.