Intermediate-Term Loan by Credibly

Intermediate-Term Loan by Credibly

Credibly is an emerging Fintech platform, leveraging Data Science and technology with an energetic focus on the customer experience. They created a unique lending and capital platform in order to serve small and medium-sized businesses as a trusted and committed partner. Since 2010, They’ve been working with businesses to help them secure financing and working capital solutions so they can thrive.

6/10

Cost
60% Complete
Low High
Effort to Apply
30% Complete
Easy Difficult
Funding Speed
30% Complete
Minutes Months
Repayment Terms
35% Complete
Months Years

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.

Qualifications and Restrictions

Time in Business

6 months

Monthly Revenue

At least $10,000

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
18 - 24 months, with daily debits from your business bank account
Funding Amount
$10,000 - $250,000
Origination Fee
2.5%
Funding Speed
As quickly as 3 business days
Application
Online and phone call

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