Credibiliity Capital is a lending platform based in New York, NY. It was founded in 2013 and offers access to business loans in 46 states (and Washington, DC).
Credibiliity Capital offers business loans with APRs starting from 10% and up to 25%.
Yes, Credibiliity Capital charges a loan origination fee of 3% to 5% of the loan amount. Credibiliity Capital deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Some lenders only provide business loans for certain purposes. Credibiliity Capital offers considers loan applications for the following reasons:
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Credibiliity Capital provides access to the following business loan types:
No, Credibiliity Capital will not charge you a late fee. Yes, Credibiliity Capital charges borrowers with a late payment fee.
No, Credibiliity Capital does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
Loan amounts start at $10,000 and go up to $350,000.
Credibiliity Capital offers business loans with terms ranging from 12 to 36 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
Applicants with a credit score of at least 650 can apply for a loan via Credibiliity Capital.
Credibiliity Capital requires businesses to be in business for at least 18 months in business. Active duty servicemembers and their covered dependents are eligible to apply for a loan via Credibiliity Capital. Its rates and terms fall within the limits of The Military Lending Act.
Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
Credibiliity Capital can provide a credit approval decision in less than an hour and fund the loan within 1 business day.
Be the first to write a review for this company!Write a Review