Home / Small Business Loans & Financing Options / Short-Term Loan by Credibly

Advertiser & Editorial Disclosure

Short-Term Loan by Credibly

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Credibly provides up to $400,000 in capital in as little as 24 hours. Their fast, flexible capital solutions are ideal for both growth initiatives and supporting working capital. Soft credit pulls only – No collateral required.

Nav's Verdict

Cost

LowHigh

Effort to Apply

EasyDifficult

Funding Speed

MonthsMinutes

Repayment Terms

MonthsYears

6/10

Bottom Line

Get fast and easy access to financing options in as fast as 24 hours.

Pros

Set payments. Pre-qualification, which means you can pre-qualify without hurting your credit. With strong cashflow health, low personal credit scores still have great options here

Cons

Must have at least $15,000 a month in deposits. Repayment terms maybe shorter for some users

Qualification requirements

Time in Business

At least 6 months in business

Monthly Revenue

At least $15,000 in the last 3 months

Required Documentation

Business lease agreement (or mortgage statement if you own), unexpired government-issued picture ID of all owners, most recent business tax returns, most recent 3-months of bank statements.

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Cost

As low as 1.11

Repayment Terms

Daily & Weekly automatic debits; 6 to 15 month repayment terms

Funding Amount

$5,000 - $400,000

Origination Fee

2.5%

Application

Online and phone call

Funding Speed

As quickly as 1 business day

Reviews

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Advertising Disclosure

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For complete information, see the terms and conditions on the credit card, financing and service issuer’s website. In most cases, once you click “apply now”, you will be redirected to the issuer’s website where you may review the terms and conditions of the product before proceeding. While Nav always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms – and before applying you should understand the full terms of products as stated by the issuer itself.

Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for. Nav uses the Vantage 3.0 credit score to determine which credit offers are recommended which may differ from the credit score used by lenders and service providers. However, credit score alone does not guarantee or imply approval for any credit card, financing, or service offer.

Editorial Disclosure

Any personal views and opinions expressed are author’s alone, and do not necessarily reflect the viewpoint of Nav. Editorial content is not those of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities.

Reviews are not provided or commissioned by the credit card, financing and service companies that appear in this site. Reviews have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.