Credibiliity Capital Review

Where does Credibiliity Capital do business?

Credibiliity Capital is a business financing offering by Credibiliity Capital, a financial services company based in New York, NY. Founded in 2013, Credibiliity Capital offers access to business loans in 46 states (and Washington, DC).

What are Credibiliity Capital’s rates?

Credibiliity Capital offers a business financing product that ranges from 10% APR up to 25% APR.

Does Credibiliity Capital charge an origination fee?

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 disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does Credibiliity Capital set on the purpose of the loan?

Credibiliity Capital considers loan applications for business purposes, such as:

• Business Debt Refinance
• Equipment Purchase
• Inventory
• Lease Improvement
• New Location
• Product or Service Expansion
• Technology Investment
• Working capital

What types of business loans does Credibiliity Capital offer?

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:

• Unsecured term loans

Does Credibiliity Capital charge prepayment fees?

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.

How much can you borrow from Credibiliity Capital?

Loan amounts start at $10,000 and go up to $400,000.

What is the maximum loan term you can get with Credibiliity Capital?

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.

What do you need to qualify for Credibiliity Capital?

Credibiliity Capital requires companies to be in business for at least 24 months. Businesses don't have to meet a minimum annual revenue to be considered.

Applicants with a credit score of at least 650 and up to 850 are eligible for Credibiliity Capital.

Credibiliity Capital does not have or does not disclose a minimum annual income eligibility requirement. Credibiliity Capital only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Credibiliity Capital. Their rates 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:

• Proof of income
• Business formation documents
• Proof of citizenship or residence permit

What is the estimated funding time for a business loan via Credibiliity Capital?

Credibiliity Capital can provide a credit approval decision in less than an hour and fund the loan within 1 business day.