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13 User Reviews


Overall Score

LAST UPDATED: March 24th, 2022

Formally known as Retail Capital, Credibly is a small business lender that helps businesses navigate the murky underworld of alternative funding. The company has been in business since 2010. Like most alternative funding companies, Credibly helps customers who are under-served by banks and works hard on underwriting procedures to provide business owners with viable alternatives to conventional business loans.

Consumers that choose Credibly should remember that they must have a credit score of 550 or higher.


The Good

  • Easy Application 
  • Product Coverage
  • Fast Access to Cash

Easy Application 

There are several benefits to choosing Credibly as your alternative funding source. To start, Credibly puts its application requirements and rates online for everyone to access. This may seem like a simple thing, but when you look at companies across the business loan industry, only a handful display this information.

Requirements include:

  • At least six months in business
  • No credit score cut off
  • At least $15,000 per month in deposits
  • 2.5 percent origination fee
  • Personal guarantee

Credibly's "six months in business" minimum is great for startups, and the fact that the company does not judge borrowers solely based on their credit score is nice for small business owners looking to start over. Personal credit checks are done by soft pull during the application process, but borrowers do not have to provide lengthy credit card statements and financial documentation.

Product Coverage

In an effort to be as transparent as possible, Credibly helps businesses research the best options they qualify for. The online application makes it simple to explore the options without hurting your credit score. In addition to working capital, Credibly also provides access to SBA loan programs, equipment financing, lines of credit, credit invoicing, and other flexible financial solutions. 

Fast Access to Cash

Credibly's application process is relatively quick; the company only requires a simple one-page application after filling out the online form, while other lenders (especially banks) have lengthy paperwork processes for small business loans. Approval can be received in as little as 24 hours, and within another 48 hours, borrowers can receive access to their funds. With traditional banks and other financiers, it can take as long as 30 days to receive approval and access to funds.


The Bad

  • Relatively High Interest Rates
  • Merchant Cash Advances

Relatively High Interest Rates

Interest rates with Credibly range from 9.99 to 36 percent, which is relatively high when compared to industry averages. Further, the company charges an origination fee of 2.5 percent of the total loan amount and loans require a personal guarantee, which means that if the borrower cannot pay back their loan, the company can collect on the borrower's personal real estate and bank accounts.

Merchant Cash Advances

Credibly offers merchant cash advances (MCAs), which is a type of financing that is not a loan, but rather a sale of future receivables. Typically, small businesses use these resources to bolster their payroll, make short-term capital expenditures, and pay for other resources that are considered "short term." However, MCAs take away from a company's future credit card receipts, a vital source of revenue for small businesses, so there is higher risk involved. 


The Bottom Line

Credibly offers some of the best financing options for small business owners. Here is what makes the company a great lender:

  • Easy, one-page application lets potential borrowers apply within minutes
  • Borrowers can receive approval within 24 hours
  • Borrowers can have access to funding within 48 hours
  • Business owners can borrow up to $400,000

View Best Business Loan Providers

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13 Reviews

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Lauren Waxahachie, TX

The gentleman that helped me through the process with credibly was Ryan. He was quick and efficient. He told me exactly what I needed I provided it to him in a timely manner. Once he had all my documentation the underwriting department contacted me tell me when do expect the funds in my account and the next morning they were there. From my first conversation with Ryan until funding it was less than 48 hours. They explain all the different term options you have and they don't try and get you to take more than you need. Their goal is to keep you within your budget. It was a great experience and if I need funding for another project in the future Ryan will be who I contact First.

4 years ago

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Reply from Credibly

Thanks, Lauren! We appreciate the kind words. Our goal is to simplify the funding process and help you lock in the best financing solution for your business. We're happy that you're happy! Oliver Mupas Director, Engagement Team

Mar. 12th, 2020

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Peter Marino Lexington, MA

Credibly is a first class company to do business with. We, like many small businesses, suffered through the first phase of the coronavirus and sore substantial decreases in sales. Credibly was there to offer us a plan that we could meet. Fortunately we are now back on schedule and they have cooperated by extending us for an additional loan term due to the smaller payments we made during the virus outbreak.

2 years ago

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John Aslin Kemp, TX

Credibility helped my company when we were in a financial bind I needed new work equipment immediately. Within 24 hours we received money in our bank just as they promised. Our payments and fees have been just as they were laid out in our contract. They talk to us every month or so making sure that we are financially stable things are going well and I’ve even offered us another loan. Thank you Credibility for helping my small business stay alive.

2 years ago

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Satisfied Credibly Customer Charleston, SC

Credibly did an unbelievable job helping me out during the pandemic. When others lenders stopped, Credibly was there for me to provide working capital. I appreciate their confidence in me and my business.

1 year ago

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Scott Rogers Norman, OK

Easy to work with. Process wasn't difficult and they got me the funds I needed.

4 years ago

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Reply from Credibly

Thanks, Scott! We're happy that everything went smoothly and that you were able to receive all of the funds you needed for your business. All the best, Oliver Mupas Director, Engagement Team

Mar. 12th, 2020

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Mike Quirk Thornton, IL

Easy process !! Answered all questions, great follow-up

4 years ago

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Reply from Credibly

Thanks, Mike! We appreciate you taking the time to share your experience. Fast, simple, and transparent are what we aim for :] We're here for you when you need us! Oliver Mupas Director, Engagement Team

Mar. 12th, 2020