The Small Business Loans from Credibly provide an affordable and accessible option for entrepreneurs seeking financial support. The lender is designed to meet the diverse needs of small and micro-businesses, while also offering a sense of trust and ease throughout the borrowing process.
With multiple loan types and lending partners, Credibly offers flexibility that can make it a great fit for your business. Here’s how it works—and what you should know before applying.
Credibly’s Small Business Loans Categories
Credibly offers a range of financing solutions tailored to different business needs. Here are some of the main options available:
Working Capital Loans
These short-term loans are designed to cover everyday operating costs like payroll, rent, inventory, and other cash flow needs. Credibly is one of the few lenders that directly funds this type of financing.
Merchant Cash Advances (MCAs)
This option works differently from traditional loans, with payments typically based on a percentage of your daily or weekly credit card sales. Credibly also directly funds these advances, offering another alternative for short-term capital.
Business Lines of Credit
A flexible solution that lets you draw funds as needed and repay them over time. Think of it as a revolving credit line—similar to a credit card or emergency fund—that entrepreneurs can tap into when necessary.
SBA Loans
These loans are backed by the U.S. Small Business Administration and offered through Credibly’s network of lending partners. They generally feature lower interest rates and longer repayment terms, making them ideal for big purchases, real estate, or business expansion.
Long-Term Loans
For businesses planning large-scale growth or investments, long-term loans provide higher funding amounts and extended repayment schedules.
What Are the Advantages of Credibly Loans?
Credibly stands out for making financing more accessible to small business owners who may not qualify for traditional loans. Here are some key benefits:
- Flexible Qualifications: Accepts credit scores starting at 500 and businesses operating for as little as 6 months.
- Fast Process: The application is quick and fully online, with some approvals issued in just a few hours—and funds available the same day.
- Wide Range of Products: A diverse set of loan options allows businesses to choose what best fits their cash flow needs and growth plans.
- Ideal for Short-Term Needs: Products like working capital loans and MCAs are especially useful for covering urgent expenses, managing payroll, or replenishing inventory.
