Business Cash Advance by Credibly
Nominated as the “Fastest Merchant Cash Advance” by Fit Small Business, Credibly combines big data and a strong focus on the customer experience to provide up to $250,000 in capital in return for a portion of your future receivables. Because these payments are tied to future sales, you’ll never pay more than you can afford. Their fast funding and flexible repayments are ideal for working capital solutions and are favorable for businesses who experience seasonality. Soft credit pulls only – No collateral required.
6/10
Bottom Line
Credibly is very comparable to other alternative online lenders. Because of their pre-qualification, you can see if you qualify and then research if it's the best option for you.
Pros
Set payments. Pre-qualification, which means you can pre-qualify without hurting your credit.
Cons
You must take credit cards, and have at least $2,500 a month in sales from credit cards.
Qualification requirements
Time in Business
At least 6 months in business
Annual Revenue
At least $120,000
Required Documentation
Unexpired government-issued picture ID of all owners, voided check, most recent 3-months of credit card statements, most recent 3-months of bank statements.
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