Short-Term Loan by Credibly

Short-Term Loan by Credibly

Credibly leverages data science, technology, and an energetic focus on the customer experience to provide loan products that are tailored to your business’s short-term needs and long-term goals. With the ability to provide up to $250,000 in capital in as little as 24 hours, their fast, flexible capital solutions are ideal for both growth initiatives and supporting working capital. Soft credit pulls only – No collateral required.

Cost
60% Complete
LowHigh
Effort to Apply
30% Complete
EasyDifficult
Funding Speed
30% Complete
MonthsMinutes
Repayment Terms
35% Complete
MonthsYears

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 have at least $10,000 a month in deposits, which might be difficult if your cash flow varies from month to month.

Qualification requirements

Time in Business

At least 6 months in business

Monthly Revenue

At least $15,000

Required Documentation

Business lease agreement (or mortgage statement if you own), unexpired government-issued picture ID of all owners, most recent business tax returns, most recent 3-months of bank statements.

Cost
9.99% - 36% APR
Repayment Terms
Daily debits from your account for 18 to 24 months
Funding Amount
$10,000 - $250,000
Origination Fee
2.5%
Application
Online and phone call
Funding Speed
As quickly as 2 business days

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