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Credibly, not to be confused with the student loans provider Credible, is a provider of business loans and merchant cash advances based in Troy, Michigan. The company was founded in 2010 as RetailCapital and has recently changed its name to Credibly. RetailCapital primarily provided funding to retailers but it now offers funding to thousands of business of all types across all 50 states. As of October 2015, Credibly has made 190 million in loans and was ranked 35th among the Inc. 500 fastest growing companies in 2014.

How Do Credibly's Loans Work?

Credibly has a fast and simple to use application process that allows businesses to borrow up to $250,000 within 48 hours. Their eligibility criteria is transparent and easy to meet. Businesses can pre-qualify without the need of a hard credit inquiry on their history.

Credibly a proprietary risk model and access to a lot of data traditional lenders don’t look at, which means they can approve businesses banks won’t even consider. However, Credibly is not a robo-lender. It has real loan officers look over applications.

What Are Credibly's Interest Rates?

Credibly charges a 2.5% origination fee just to process the loan. Individual interest rates vary depending on the credit profile, location, term and loan amount. Credibly doesn’t offer specific interest rate ranges until a business is pre-approved. However, its loan calculator shows interest rates ranging from 55% to 60% APR.

How Much Can I Borrow From Credibly?

Credibly offers loans ranging from $5,000 to $250,000 and terms ranging from six to 15 months. To illustrate a $100,000 with a 12-month term will cost around $11,167 a month. That represents nearly $34,000 in payments and an APR of 57%.

What Is Credibly's Application Process Like?

Credibly has a simple online form application that only takes a few minutes to complete. To qualify businesses must have been in business for at least 6 months and have a monthly revenue of at least $15,000.

Credibly does require documents to confirm the information provided in the application form. These include a copy of the business lease agreement or business mortgage statement, picture ID of all business owners, business tax return (for loans over $100,000), and bank statements for the last three (for loans under $50,000) to 12 months (for loans above $75,000).

How Is Credibly Better Than Other Lenders?

Credibly is flexible solution for small and medium-sized business that need access to cash fast. It has a team of loan officers that help businesses make smart decisions over the loan size and terms that fits them best. Interest rates are certainly not low (55% to 60%) but they are competitive with similar lenders and work with businesses that wouldn’t qualify for credit with traditional lenders. Its maximum loan amount of $250k is large enough to satisfy the needs of most small and medium-sized companies.

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  • Headquarters
  •   1250 Kirts Blvd Ste 100
    Troy, MI 48084 USA
  •   Visit Site


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  Available in 48 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee Starting at 2.5%
Credit Score Range 300 - 850
850 300
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 6
Minimum Revenue $15,000
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $5K - $250K
Loan Term (Months) 3 - 24
APR 9.99% - 36%



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