Credibly

Credibly is a Southfield, Michigan-based small business financing company that provides a range of working capital and growth capital products to small businesses across the United States. The company has been operating since 2010 and positions itself as a fast, accessible alternative to traditional bank lending.

Credibly offers several financing products including working capital loans, merchant cash advances, business lines of credit, equipment financing and SBA loans. Working capital loans provide a lump sum repaid through daily or weekly fixed payments. Merchant cash advances provide an upfront sum repaid through a percentage of daily card sales. Equipment financing helps businesses acquire machinery, vehicles or tools by spreading the purchase cost over time.

As a non-bank fintech lender, Credibly can often make funding decisions faster than a traditional bank. The application is primarily online, and businesses may receive a decision within a business day. However, as with most non-bank lenders offering quick, flexible capital, the cost of borrowing from Credibly is generally higher than bank financing or SBA loans.

Credibly typically works with businesses that have been operating for at least six months and have consistent monthly revenue. The company serves a broad range of industries across the United States.

Merchant cash advances are not loans in the traditional sense and are structured differently from conventional borrowing. Business owners should carefully review the total repayment amount and calculate the effective annual cost of any advance before accepting.

If you are considering Credibly, it is worth first exploring whether you qualify for a bank loan, credit union financing or an SBA loan, as these typically offer lower borrowing costs for qualifying businesses. Credibly may be a good fit when speed or accessibility is a priority and conventional financing options are not available.