The listings featured on this site are from companies from which this site receives compensation. This influences where, how and in what order such listings appear on this site.
BestMoney.com
Credibly Review
Reviews 1,326
Credibly
Visit Site
Credibly
Credibly
Excellent
Reviews 1,326
Kevin Mercadante
Feb. 01, 2023
2 min read
Kevin Mercadante
Credibly summary
Credibly is a dedicated business lender and marketplace catering mainly to small and medium businesses. Over the years, it has provided more than $1 billion in funding to American businesses. Credibly exists primarily to provide working capital loans, business expansion loans, and merchant cash advances. In addition, it offers a range of alternative funding options such as lines of credit, equipment financing, invoice factoring, and SBA loans.
Pros
  • Instant pre-qualification, approval within 24 hours
  • Funding within 48 hours of approval
  • Online or combined online/phone application
Cons
  • Minimum $15K+ deposits per month to qualify
  • Not all products available in all states

Credibly at a glance

3.8
Editorial score

Online experience

Good online resources, but no access to rates
4.0

Customer services and support

Limited ways of reaching lender
2.0

Variety of loan types

Offers all loan types*
5.0

Loan amount range

Loan amount up to $500K
4.0

Eligibility

Doesn't cover bad credit, low revenue, new businesses
4.0

Credibly Credibly View Rates

Overview

Credibly is the online lending arm of Retail Capital, LLC, a licensed California finance lender. It plays the dual role of lender and lending marketplace, connecting business owners with top loan options from Credibly and a network of vetted third-party lenders. Credibly’s main selling point is its speed and customer service. It uses advanced data analytics to assess every applicant, helping it to reach a funding decision within 24 hours and to transfer the funds within an additional 48 hours. And unlike many other online lenders, Credibly’s dedicated team of Business Consultants is available to help you identify the right financing option for your business.

Why Credibly Is Good for Your Business

This service caters to small and medium business owners who need capital and need it quickly. As mentioned, Credibly gets right down to business – helping applicants to get from that initial application to funding within 48-72 hours. Credibly offers a range of funding types, making it suitable for all types of businesses. Whether you need working capital, a cash advance, or a line of credit – Credibly can help.

Loan Features

Credibly offers two tiers of loans. It mainly promotes its working capital loan, business expansion loan, and merchant cash advance products from parent company Retail Capital, LLC. In addition, it offers a wide range of other financing options through its partner network.

  • Working capital loans: Designed for businesses with steady revenue. Offering shorter repayment periods and more flexibility than other loans.
  • Business expansion loans: Built for business owners with a proven track record. Provides growth capital at more-competitive rate than other loans.
  • Merchant cash advance: Aimed at businesses with unpredictable revenue and lower credit scores. Tied to future receivables and charged as a percentage of daily revenue.
  • Third-party loans: Range of loans from network partners, including lines of credit, equipment financing, invoice factoring, and SBA loan programs.

Application Process

There are three methods of applying: online, by phone, or by a combination of online and phone. In order to pre-qualify, you’ll need to provide basic details about your business, including name, percentage ownership, desired funding amount, and monthly revenue. Next, you’ll be asked to provide basic documentation, including a copy of your driver’s license, last 3 months of bank statements, and a voided check. 

Applying for a business expansion loan is a little more complex. For example, the applicant must provide a signed business loan agreement and business mortgage or lease agreement, as well as the most recent business tax return for loans of $100,000 or more.

Credibly promises near-instant approvals, with a funding decision typically made within 24 hours. However, it comes with some caveats – namely strict qualification criteria:

  • Min. 6+ months in business (3+ years for business expansion loan).
  • Min. 500+ FICO score (600+ for business expansion loan).
  • Min $15K average deposits for a three-month average and the most recent month.
  • $1-3K + daily balance for the past 90 days (business expansion loan only).

Loan Amount, Repayment Terms, and APR

Credibly offers up to $400,000 in funding and repayment terms of up to 24 months. Maximum loan amounts and repayment terms vary from product to product. A 2.5% origination fee is applied to all Credibly and Credibly partner products.


Business expansion loanMerchant cash advance
Max loan size$250,000$400,000
Term length18 or 24 months3 to 18 months
RateAPR from    9.99%
1.15+ factor rates
Fees2.5% origination2.5% origination + $50 monthly
Automatic paymentsWeeklyTied to receivables

How Safe Is It? 

Credibly is as safe as you would expect of a company that has dished out more than $1 billion in business funding while maintaining an A+ rating from the Better Business Bureau. The website is safe and secure, and all data provided by applicants is encrypted to prevent hackers from stealing sensitive information. Only a soft credit pull is made before pre-qualification, which doesn’t affect the applicant’s credit score. Like virtually all lenders, Credibly runs a hard credit query before funding, which can negatively impact the borrower’s credit score. 

Help & Support

Credibly provides a hybrid of online and phone applications and support. When you fill out a form on the Credibly website, you are given the choice of requesting a call to have a representative help you complete your application. Credibly also offers the option of contacting it directly during regular business hours.

Phone: (888) 664-1444

Email: customerservice@credibly.com

Summary

Credibly has earned a strong reputation for safe, secure, and quick funding at competitive rates. When you use Credibly, you get access to a wide range of funding options including term loans and merchant cash advance from its parent company and alternative loans from its partner network. Credibly has stricter minimum requirements than some of its competitors. If your business meets the minimum qualification criteria, then there’s a good chance Credibly can offer a suitable loan with a suitable loan amount, repayment term, and APR.

Physical Address

Credibly

25200 Telegraph Rd., Suite 350

Southfield, MI 48033

Credibly Credibly View Rates

Kevin Mercadante
Written by
Kevin Mercadante
Kevin Mercadante is a freelance professional personal finance blogger, and the owner of his own personal finance blog, OutOfYourRut.com. He has extensive backgrounds in both accounting and the mortgage industry. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
Top 5 Business Loans
American Express® Business Line of Credit
American Express® Business Line of Credit
Read Review|Visit Site
Read all reviews
Must Reads
Read all articles
Trustpilot reviews
See what some costumers are saying about Credibly
Credibly
Excellent
Reviews 1,326
on
Excellent
87%
Great
6%
Average
2%
Poor
1%
Bad
4%
J
jokaleu/manon aleu
6 hours ago
Great opportunity, business oriented!
Time of process was so feast. Communication was perfect.
consumer-image
nassir silwany
7 hours ago
Paul DeLucia was great to work with and…
Paul DeLucia was great to work with and helpful throughout the process. This is our second time working with him and he has always been upfront and transparent.
E
ernesto gonzalez
a day ago
Easy experience and fast response.
Easy experience and fast response.
consumer-image
stephanie hernandez
a day ago
Meaira was a great and informative
Meaira was a great and informative. Her responses via email were quick and helpful. I would feel comfortable reaching out to them with any assistance I may need in the future.
N
nurudeen oreagba
2 days ago
The transaction was seemless
The transaction was seemless
M
mike brown
3 days ago
Great customer service
Great customer service. Very efficient and professional.
K
karla biddle, biddle's pool spa patio, llc
3 days ago
Paul DeLucia & Credibly are repeat performers!
Paul DeLucia has helped us several times through Credibly. Credibly, by far, is the most "credible" company that we have ever worked with for business advances. Don't know what I would do without them in this weird, difficult time. After many years in business, this unfortunately has been the worst for cash flow. Paul is intelligent, knowledgeable, friendly and explains things totally and is always willing to take my calls with questions. The process is simple and clean and I am very content to not looks anywhere else for assistance. The rate is always the best too. Thank you Paul DeLucia and Credibly. Karla Biddle, Biddles Pool Spa Patio, LLC
E
elsido rodriguez
7 days ago
Bbbkjffiiznxfh ch vxh
Tyuiiiiokkjbho
consumer-image
al harris
7 days ago
Paul DeLucia took care of us!
Great overall experience. Our representative, Paul DeLucia, aggressively drove the process for us and was a great advocate as well. Thanks for the 5 Star, A++ service Paul. The next time we have a need, we will definitely call Credibly first!
B
brian p
8 days ago
Very efficient and professional process…
Very efficient and professional process and we received our funds within hours.
J
jerry
10 days ago
Straight out and clear
The rep. Was clear and helped me through the process. Very straight forward and fair.
N
nicole d.
10 days ago
Scott G. 5 star customer service!!
I needed a loan for my business asap and Scott G. was amazing!! He guided me through each step of the process, kept me informed and was able to get me the funds I needed quickly!! Don’t hesitate to reach out to Scott for your personal/business loan needs…he will do what it takes to get the job done!!! 5 stars all across the board!!
consumer-image
janine delaney
11 days ago
I have been working with Paul at…
I have been working with Paul DeLucia at Credibly for over one year now to support my company with business growth. He has been extremely professional and responsive and a pleasure to work with. Credibly has been a wonderful source of support, and my business has been seeing significant bumps in revenue due to our ability to receive funding for important business developments.
M
mike
11 days ago
Really and easy process
Cameron was very professional and explained the the process thoroughly! Very honest and up front. He did a very professional Job
J
jean a everts
14 days ago
Wonderful Crew
Wonderful Crew, Profesional, The best Team.
c
customer
15 days ago
Fast…and diligent
Fast…and diligent. Very pleased with the process.
V
vvt
16 days ago
Everything was professional and quick.
Everything was professional and quick.
E
ed cavada
16 days ago
They provided good efficient service…
They provided good efficient service despite a few articles we overcame. Thank you
K
kimberly nguyen
16 days ago
The process was simple and fast
The process was simple and fast! Representative walked you through step by step and you get your fund in a couple of days! Thank you!
J
jack sherrie
17 days ago
Best rates
Best rates, and the best service. Thank you Dan.
consumer-image
matthew toomey
18 days ago
FUCH CREDIBLY
It started out well but the further along I got with Credibly, the more i learned they were just a predatory lender. I have a judgement against me for 5k. They provided no assistance nor understanding to my temporary financial hardship. They unnecessarily filed a UCC claim totally fuCHing my business. My funds have been locked up with my payment processing company for a week and I just received a summons. FuCH these people and fuCH this company. I hate them. DO NO USE CREDIBLY THEY ARE NOT GOING TO SERVE YOUR BEST INTERST....ONLY THEIR OWN.
c
constance m doyle
20 days ago
Ease in application
Ease in application; friendly and personable staff
c
customer
21 days ago
Fast and to the point
Fast and to the point. Great job.
R
ride velo
23 days ago
The best
Team was great
M
miguel b
24 days ago
The process was very easy
The process was very easy. The percentage rate was good and since we have worked together in the past the partnership was worth it.
c
customer
a month ago
Very easy process
Very easy process
D
daryl p.
a month ago
knowledgeable and concern
Customer service.. concern about my needs.. knowledgeable about the loan business .. willing to work with me..!!
consumer-image
tavish garcia
a month ago
Paul Delucia made the entire process…
Paul Delucia made the entire process feel like a walk in the park, incredible service. Thank you!
A
anitra
a month ago
Very Happy Small Business Owner
Credibly is very helpful and is a wonderful resource for small businesses!
c
customer
a month ago
Easy process and great customer…
Easy process and great customer service. I was helped through the entire process and funding was approved quickly !
c
customer
a month ago
Great service
Great service
J
jeff
a month ago
Had a great experience
Had a great experience. They got me funded when nobody else could.
M
michael retino & angela caroussos
a month ago
Very easy to deal with..
Very easy to deal with... Service is great
C
customer
a month ago
Very great customer service and…
Very great customer service and professional experience. Have worked with them on many terms. Always satisfied.
P
pat haaland
a month ago
Professionalism and Excellence
Credibly has nothing but professionalism from start to finish in their funding process. Terance Bello did an incredible job in finding a program that suites my business needs perfectly!
E
eric hamilton
a month ago
Fast friendly and polite
Fast friendly and polite
R
russell long
a month ago
By far the best rates and flexibility…
By far the best rates and flexibility for my business capital needs. Paul in particular was great to work with.
consumer-image
hector zuniga
a month ago
Scott Giavarini was fantastic to deal…
Scott Giavarini was fantastic to deal with. I would highly recommend him to deal with everyone, he is just a great guy, easy to talk, understanding, great listener and knowledgable. Thank you Scott fro all the help
E
elvis canizares
a month ago
GOOD PLACE TO DO BUISNESS
VERY HAPPY WITH THE UP FRONT WAY OF APPORCHING THE BUSINESS.WHAT IS TALKED ABOUT IS REALIZED IN A CORRECT MANNER.THANK YOU PAUL
c
customer
a month ago
Very easy and fluid process
Very easy and fluid process
c
customer
a month ago
Funding at the speed of light - for a premium
Amazingly easy process. Rapid funding via wire transfer, but it DOES come at a premium price. If you know that going in, it’s fine.
D
david bryant jr.
a month ago
Everyone was professional
Everyone was professional. They made the process straight forward and timely Glad I called on them. They were very helpful.
W
wayne
a month ago
easiest thing I have ever done
easiest thing I have ever done
c
customer
a month ago
Very easy company to work with.
Very easy company to work with.
E
eduardo lópez
a month ago
Fast service
Fast service. Good explanation. Quick reaction and empathetic with my answers and program. Great people to work.
P
paul sayavong
a month ago
Nothings else I really appreciate and thank you for Credibly help me to expanding my business, the officers friendly, patiently, fast services I never met before. After paid off this loan I might.
Since I submitted my application, Mr. David called me informing me that my application was in process, Mr. David and other Officers was respect full, Professional Communicated with me, the Application is very clear to read and understand. I am very honest recommendation regarding my Loan. Thank you Paul Sayavong
J
joseph lee
a month ago
all over,very good service
all over,very good service
K
khensv
a month ago
Scott is my funding agent
Scott is my funding agent. Patient, intelligent and extremely knowledgeable Of the lending industry. Scott made the funding smooth and expeditious. I will be working with Scott again he’s an incredible addition to Credibly. Thanks Again Scott!
consumer-image
lgmd logistics
2 months ago
Fast and Efficient
Great service, hassle free! We submitted our application on a Thursday and was funded on a Monday! I would definitely recommend Credibly.
M
mi casita
2 months ago
Grateful!!
The agents were very courteous and are willing to answer any questions that we have. The application process was effortless. The payout was quicker than I expected.
I
isaac
2 months ago
Quick and easy
Quick and easy. Highly recommended
P
paul d landino sr
2 months ago
Joe is the best!
Joe and the entire team have been terrific to work with! The quickest response and never over promised. Deliverables were perfect. Give this guy a raise!!!!
I
infinity pro services
2 months ago
Very simple process
Very simple process, everyone was helpful and patient with me during the process!
V
valeria
2 months ago
Fast service
Fast service
S
scott ribeiro
2 months ago
Our customer service rep was excellent…
Our customer service rep was excellent in explaining everything. Also the process was quick and efficient.
M
mak construction
2 months ago
Quick and easy
Quick and easy
A
am
2 months ago
Professional and Courteous
Scott was phenomenal! He ensured that everything was smooth and answered all questions.
C
charles s smith
2 months ago
efficient, and to the point
efficient. to the point. a great way to do your banking, borrowing, leverage for business.
consumer-image
eddie berrang
2 months ago
Talk about getting the job done
Talk about getting the job done! Scott Giavarini and the Credibly team made it happen when we needed a little extra help. It's good to know that when in a pinch there are solutions to help good businesses keep moving. Big thank you to Scott and the team.
c
customer
2 months ago
Great Services!!!!!!
Credibly made it easy for my company to receive our loan. Our Rep answer every question that we had. Will definitely use them again. Thank you!!!!!
O
omar r.
2 months ago
Very quick process from beginning to funding
Great experience & very fast as well.
R
redline
a month ago
Quick Easy and friendly staff Who WANT…
Quick Easy and friendly staff Who WANT to get you funded ASAP. Minor mishap. But they quick to contact me and fix the issue right away.
c
customer
2 months ago
Been a great experience for many years
Been a great experience for many years. Really like the latest improvements. Automatic account check and Docusign were perfect! Thank you very much!
D
dashawn mcgary
2 months ago
Scott was reachable and communicated…
Scott was reachable and communicated updates throughout the process. Credibly was a huge blessing to my business during a stage of expansion for our organization. We received funding within 48 hours of our initial application.
D
derek
2 months ago
Scott was great to work with
Scott was great to work with! He was always very cordial and polite and helpful working through all of the issues in reporting etc.
M
michelle
2 months ago
Understands business needs
Understanding of business needs, responsive, and innovative. I highly recommend.
c
customer
2 months ago
These guys do a great job of…
These guys do a great job of communicating. Super nice to work with.
C
c.davis
2 months ago
Low rates, great service
They make the transactions as simple as possible. Comprehensive reporting and good customer service as well.
B
bryan "fikeswhay" fikes
2 months ago
After jumping back into business with…
After jumping back into business with an entity that was set on autopilot for a number of years that needed to re-establish biz credit I decided to contact the folks are Credibly. Both Cedric and Scott were a pleasure to work with and made the options clear and the process easy. This business had revenue, but hadn't had any credit lines or loans for over 5 years. They were able to find a source that worked. Thank you gentlemen for your work in getting me funded. I will be back for more.
R
rich c
2 months ago
Helpful and quick painless process
Helpful and quick painless process
S
sylvia vieira
2 months ago
Congratulations
Very easy and fast company to deal with !
D
david m
2 months ago
Transparent and Easy
Many capital loans are very "sharky". Credibly is honest, transparent, easy to work with, and most of all fair.
K
kim s
2 months ago
It was quick and easy!
It was quick and easy!
c
customer
2 months ago
Once Darrin know what I needed he…
Once Darrin know what I needed he worked hard to achieve my needs
B
business owner
2 months ago
No hassle quick funding
Quick and you felt credibly were going To get the job done.
D
dave's home restoration
2 months ago
They made the process very easy…
They made the process very easy everyone I interacted with was very helpful the process was fast and the best part is you get real people on the phone no crazy recordings directing your call to ever dept except the one you want.
P
pedro lopez
2 months ago
Thank You
Thank You , We Really Appreciate this opportunity.. This will help with the growth of my of my Company.. Again Thank You
M
ms. gii
2 months ago
I'm happy with the entire process from…
I'm happy with the entire process from start to finish it was a pleasure working with Jason he understand my accent very well. Money was in the bank less than a week
c
customer
2 months ago
Cole was amazing at helping with my…
Cole was amazing at helping with my clinics needs! Highly recommend
J
john h, rum distiller
2 months ago
Honest Private funding
It seemed very honest and strait forward. I'd do business with them again. I've done business with other private funding groups who seemed predatory in nature. That was not the case here.
T
tom
2 months ago
Took care of my needs in a timely manner
Took care of my needs in a timely manner
C
colby
2 months ago
Very easy to work with
Very easy to work with. The requirements for the loan were straightforward and transparent and I would recommend them to anyone!
c
customer
2 months ago
Great customer service and very fast…
Great customer service and very fast processing. This is my second time applying for funds. Keep up the good work.
W
white rhino solar
3 months ago
Phenomenal
Phenomenal. Easy process and they got me the money I needed to pick start my marketing for the year
c
customer
3 months ago
Smooth transaction
Smooth transaction
J
j. clifton
3 months ago
The funding process was smooth and quick
The funding process was smooth and quick. Joe was very professional and the funds were available when it was scheduled.
c
customer rick
3 months ago
Mitch was extremely easy to work with…
Mitch was extremely easy to work with and very hands on. This process went extremely easy.
S
steven
3 months ago
Thanks for the help
The staff was great they took the time to explain the costs and were able to turn financing around ASAP. A great help when needed and the rates for hard money loans were not that bad.
C
customer
3 months ago
The people were great to deal with.
The people were great to deal with.
c
customer
3 months ago
Easy to work with
We did a lot of research you have the best options
c
customer
3 months ago
Great call very quick and easy
Great call very quick and easy
J
jon licata
3 months ago
Was efficient and handled all my…
Was efficient and handled all my questions. Was super polite and helpful.
c
customer
3 months ago
Awesome
Really easy and fast experience!
K
ken park
3 months ago
Fast Favorable Funding
Credibly made the entire funding process fast and easy through online execution of contracts to the review and acceptance of favorable finance terms.
S
sergio barbosa
3 months ago
The best way
They understood our needs and worked with us in the best way. We are thankful.
B
brian town
3 months ago
Great service!
Great service and great rates. Their customer service is amazing. Meaira was a huge help getting me on the portal and updating my information!
M
michael canonico
3 months ago
She was quick and precise
She was quick and precise. When I didn’t understand something. She took her time explaining it to me. She made the experience pleasurable.
C
clyde butler
3 months ago
Good service
Follow through and service
c
customer
3 months ago
Fast
Fast . I like it
c
customer
3 months ago
Professional Team, fast response, quick funding
I was not expecting that it would be a quick deal. They follow up and help a lot to make sure everything goes smoothly. I got funded very fast.