Credibly Reviews: Loan Requirements, Pros & Cons - Complete 2025 Guide
Offers working capital, merchant cash advances, and equipment financing.
Highly rated by users for fast funding and excellent customer service.
Relaxed Credit Requirements: Minimum credit score of 500 required to qualify.
Kristin Cronin Jimenez
1 month ago
Mason was amazing! He helped to get me the funding that I needed for my business. He made the entire process easy and understandable. I appreciate his efforts and was very pleasant to speak with.
Venson Saviory
3 months ago
Thank you Mike for being very helpful from the beggining. He took action on approval odds that would best fit my needs and got me approved less than 24 hrs. I’m very appreciative.
david weiner
3 months ago
I worked with Craig Milch to obtain funding for our Cannabis business. He was very helpful, professional, and made the process quite simple.
Kwon Jason
4 months ago
Leo helped me from the beginning and to the end of this whole process. He helped me to feel at ease and is highly reliable. Thank you.
Brian Hallum
4 months ago
Mason Stoner was professional, helpful, and expedient. He worked to get us a deal that made sense. I appreciate his assistance.
AnaheimAuto
4 months ago
Mason Stoner was extremely helpful in getting my line of credit approved quickly. The process was smooth, fast, and stress-free thanks to his guidance and professionalism. I really appreciate how responsive and efficient he was throughout the entire process. Highly recommend working with him!
Trisha Smith
8 months ago
Working with Mike Kowal was truly an exceptional experience from start to finish. He was personable, highly responsive, and consistently communicative, taking the time to educate me throughout the entire process so I fully understood what was happening at every step.
What truly set Mike apart was his honesty. He reviewed multiple lender options with me in a fair, transparent way, walking me through the pros and cons of each and helping me understand every angle. He encouraged me to move forward only with what felt right for my business, never once making me feel pressured to choose him or Upwise. That level of professionalism is rare.
Mike also worked hard to build genuine personal rapport — something no other representative I spoke with did. He took the time to understand my business, explored different paths, and made sure I felt confident and comfortable throughout the decision-making process.
The follow-up from Mike and every member of his team has been above and beyond anything I’ve experienced with other lenders. Every interaction feels thoughtful, client-focused, supportive and most important- genuine. I’m incredibly grateful for the experience and would confidently recommend Mike to anyone looking for a knowledgeable, ethical, and truly client-first lending partner.
What truly set Mike apart was his honesty. He reviewed multiple lender options with me in a fair, transparent way, walking me through the pros and cons of each and helping me understand every angle. He encouraged me to move forward only with what felt right for my business, never once making me feel pressured to choose him or Upwise. That level of professionalism is rare.
Mike also worked hard to build genuine personal rapport — something no other representative I spoke with did. He took the time to understand my business, explored different paths, and made sure I felt confident and comfortable throughout the decision-making process.
The follow-up from Mike and every member of his team has been above and beyond anything I’ve experienced with other lenders. Every interaction feels thoughtful, client-focused, supportive and most important- genuine. I’m incredibly grateful for the experience and would confidently recommend Mike to anyone looking for a knowledgeable, ethical, and truly client-first lending partner.
HMP Wholesale
8 months ago
Convenient and aggressively priced rates - beats the market. Craig was great at speeding up the process and making it smooth.
brandon banks
8 months ago
I was able to secure a business loan in an industry that typically has a hard time getting approved. Craig and the team at Upwise made it happen from start to finish. Professional, responsive, and results-driven. A+ experience all around!
Stephanie Terrelonge
10 months ago
Upwise Capital and Daniel Joseph were great in helping me obtain financing and grow my janitorial business. Mr. Joseph is quick, efficient and professional. Funding was complete in just a few hours. Daniel is very detailed and easy to work with. He stuck with me from beginning to end. Thank you Upwise Capital and Daniel for helping to expand my business. I appreciate all your help.
AA Fishing Charter Aquaholics Aknotymous
11 months ago
The rates for loans are horrible, and if you disagree with them, they get angry and hang up on you lol. It is clear they are in business to get the best deal for themselves, not the customer. Leo Lamb, one of their funding managers comes across like a used car salesman. When I called them out for their shady practices, he got very aggravated.
Update: Leo contacted me, and after basically insulting me concerning their prior behavior, I decided to let them run my application. After being ghosted for the day, they finally came back and denied due to another loan my business was involved in. These people get their feelings hurt way to easy to be in this business. I would not recommend this company to anyone.
Update: Leo contacted me, and after basically insulting me concerning their prior behavior, I decided to let them run my application. After being ghosted for the day, they finally came back and denied due to another loan my business was involved in. These people get their feelings hurt way to easy to be in this business. I would not recommend this company to anyone.
Stacy Aleixo
1 year ago
The process was very simple and fast! Craig is a pro and helped so much during what I thought would be a stressful transaction. As we know it’s so hard to receive funding for cannabis, or so I thought! I highly recommend Upwise Capital.
Jonathan F
2 years ago
Timely efficient, def would work with again, made the processs easy
Hatchet's & More
2 years ago
ETC 4 DISPATCH Logistics
2 years ago
Absolutely great customer service. Jim is such a professional and was able to get us funding. Thanks Jim and Upwise Capital.
Nothing But Hemp
2 years ago
Donna Essner
2 years ago
Craig went above and beyond to get this deal done! I would highly recommend UpWise Capital if you're looking for a broker to get investors onboard.
Merideth Cann
3 years ago
Leo provided a very quick turn around and is a pleasure to work with !
Alba De La Cruz
3 years ago
I worked with Leo. He is very attentive and professional.
Mohamed Khanafer
3 years ago
Craig made himself available all the time, he was very attentive, professional and easy to work with. Highly recommend!
Tammy Sockwell
3 years ago
We worked with Leo for our line of credit. We are a trucking company an can be a challenge to secure financing. The process was smooth and fast funding. Our only complaint would be that Leo was a little impatience when it came to our decision making. We are very thankful for the funding and would do business with them again. Thanks,
Upwise
Upwise
Sharon Johnson
3 years ago
Leo got us a line of credit loan very quickly to help with expenses we incurred during our new business building purchase.
Mike Maffei
3 years ago
You are always hesitant when working with a finance firm to borrow money to grow your company But, I highly recommend Upwise Capital. Lou and Marc went out of their way to ensure everything was taken care of. Very professional in all steps taken to secure the financing I needed. I look forward to continuing the business relationship.
Niyetroshia Thomas
4 years ago
I rarely write reviews, but my experience with Leo was absolutely. Leo was patient, knowledgeable, and extremely responsive. During a hectic work week he continued to bare with me to be sure that i had all the information I was requesting. He got me the capital I needed within one day. I highly recommend this company!
Credibly at a Glance: Key Features and Services
Credibly, a direct lender established in 2010, provides small business loans tailored to meet the needs of entrepreneurs. Credibly’s fast funding and seamless process make it a go-to option for small business owners looking to secure financing quickly without the lengthy requirements of traditional banks. Their relaxed credit requirements and assessment of creditworthiness, along with the fast funding process, make them a viable alternative to traditional banks. They also partner with multiple lenders to offer a wide range of financing products, ensuring that business owners can find the best option for their specific needs.
Quick Facts About Credibly:
- Founded: 2010
- Loan Products: Working capital loans, merchant cash advances, business lines of credit, equipment financing, SBA loans, invoice factoring, and long-term loans
- Loan Amounts: $5,000 to $600,000
- Funding Speed: Same-day funding available
- BBB Rating: A+
What You’ll Learn in This Review:
- What is Credibly?
- How does Credibly work?
- Loan products, terms, and eligibility requirements
- Pros, cons, and comparisons with other lenders
- Frequently Asked Questions (FAQs)
What is Credibly?
Credibly is a small business financing company that offers a variety of loan products to help business owners manage their expenses, grow their operations, and improve cash flow. From merchant cash advances to SBA loans, Credibly caters to businesses in over 1,000 industries, including healthcare, retail, restaurants, and consulting. Their relaxed credit requirements and fast funding process make them a viable alternative to traditional banks. The loan application process is straightforward, allowing businesses to apply online and receive funding quickly.
Available Loan Products:
- Working Capital Loans: Short-term funding for operational expenses.
- Merchant Cash Advances: Revenue-based repayment for businesses with fluctuating income.
- Business Line of Credit: Flexible credit for ongoing needs.
- Equipment Financing: Loans for purchasing or leasing equipment.
- SBA Loans: Government-backed long-term loans.
- Invoice Factoring: Advance funding on unpaid invoices.
- Interest Rates: Competitive rates that vary based on the loan product and borrower’s credit profile.
Industries They Serve:
Credibly serves a wide range of industries, including:
- Restaurants
- Retail
- Healthcare
- Gas stations
- Landscaping
- Professional services
Credibly tailors its loan products to meet the specific business needs of each industry.
How Credibly Works?
Credibly simplifies the business loan process by offering a variety of funding options through a data-driven approach combined with a human touch. Their online lender platform allows businesses to prequalify within minutes, with funding available as quickly as 24 hours.
Key Features of Credibly’s Process:
- Fast Prequalification: Prequalify online in minutes without impacting your credit score.
- Rapid Approval: Receive approval in less than 4 hours.
- Same-Day Funding: Funds are deposited into your business bank account within 24 hours.
Credibly’s streamlined process ensures businesses can secure the working capital they need quickly and efficiently.
Benefits for Small Business Owners
Credibly offers several compelling benefits for small business owners seeking flexible and fast financing solutions:
- Quick Funding: Credibly can approve loans in under four hours and transfer funds to your business bank account on the same day, ensuring you get the capital you need without delay.
- Relaxed Credit Requirements: With a minimum credit score requirement of just 500, Credibly is an appealing option for small business owners who may not qualify for traditional bank loans.
- Flexible Repayment Terms: Credibly provides a variety of repayment terms, including daily and weekly options, allowing you to choose a schedule that best fits your cash flow.
Credibly Loan Products
Working
Capital
- Loan Amounts: $5,000 to $400,000
- Repayment Terms: 6 to 18 months
- Factor Rates: Starting at 1.11
- Uses: Covering payroll, inventory, and day-to-day operations.
- Repayment Schedule: Flexible repayment schedules to match your business cash flow.
These loans are ideal for businesses with steady revenue looking for short-term funding to stabilize their cash flow.
Merchant
Cash Advances
- Loan Amounts: $5,000 to $400,000
- Repayment Terms: Flexible, based on daily credit card sales or revenue.
- Uses: Seasonal businesses or those with fluctuating revenues.
A merchant cash advance provides upfront funding with repayments tied to your daily or weekly sales, making it a great option for businesses with inconsistent income. Merchant cash advances are ideal for businesses looking to improve their cash flow management.
Business
Line of Credit
- Loan Amounts: Up to $300,000
- Terms:Revolving credit; pay interest only on the amount used.
- Uses: Flexible financing for ongoing or unexpected expenses.
A business line of credit ensures funding is always available when you need it, without the need to reapply. A business line of credit provides financial flexibility, allowing you to draw funds as needed.
Equipment
Financing
- Loan Amounts: Up to $250,000
- Terms: 12 to 60 months
- Uses: Purchase or lease equipment, such as machinery, vehicles, or tools.
With equipment financing, businesses can secure the assets they need to grow without depleting their cash reserves. Equipment financing helps businesses manage capital expenditures without depleting cash reserves.
SBA
Loans
- Loan Amounts: Up to $5,000,000
- Terms: Long-term repayment plans with lower interest rates.
- Uses: Expansion, real estate, or large purchases.
SBA loans are government-backed and ideal for businesses seeking affordable, long-term financing.
Invoice
Factoring
- Loan Amounts: Based on the value of unpaid invoices.
- Uses: Turn unpaid invoices into immediate cash to improve cash flow.
Invoice factoring is perfect for businesses that need to access capital tied up in accounts receivable.
Credibly Requirements
Here is the basic criteria your business must meet for Credibly requirements:
- Time in Business: Minimum of 6 months.
- Credit Score: 500+ (varies by loan product).
- Average Monthly Revenue: $15,000 or more.
- Documentation: 3 months of bank statements and a government-issued ID.
What you Need to Know
A few things to know when considering Credibly business loans:
- Factor rates start at 1.11; there are no prepayment penalties.
- Credibly is committed to transparent pricing, ensuring there are no hidden fees.
- Early repayment options available to save on interest.
- Terms range from 6 months to 5 years, depending on the loan product.
- The loan duration varies depending on the product, ranging from 6 months to 5 years.
How to Apply to Credibly
Credibly Application Process
Step 1: Prequalify Online
- The application process with Credibly is straightforward and can be completed online in a few simple steps.
- Click the “Get Started” button on Credibly’s website.
- Provide basic business information, including revenue and time in business.
Step 2: Review Loan Options
- A loan advisor will contact you within 4 hours to discuss your eligibility.
- Review your loan options, repayment terms, and rates.
Step 3: Receive Funding
- Select the loan product that fits your business needs.
- Funds are deposited into your bank account within 24 hours.
Pros & Cons of Credibly
PROS
CONS
Apply Now for Business Financing
- Access term loans, lines of credit, working capital & more
- Secure the terms and conditions that make sense for you
- Apply for working capital and cash flow funding to cover inventory, marketing and operations
Stay ahead of the curve - get access today!
Upgrade your capabilities with specialized financing for almost any industry.
Why Choose Upwise Capital
Quick & easy application
Our simple 15-minute application gets you on your way to funding quickly. Most applicants receive a fast decision within hours of applying. Then just choose your loan terms and you could have funds deposited into your account as soon as 24 hours.
Ensure you make the wise choice
Every Upwise applicant gets a dedicated funding advisor who takes the time to understand your business and it's unique needs. We are here for your support throughout the entire funding process.
Access multiple financing options
Upwise has an extensive product suite and a network of business line of credit lenders. This means you're more likely to find the best match for your funding needs.
Is Credibly Legit?
Yes, Credibly is a legitimate direct lender that has funded over $2.5 billion to 46,000+ businesses. Their A+ BBB rating and positive reviews demonstrate their commitment to providing reliable funding solutions.
If Credibly doesn’t meet your requirements, consider exploring Upwise Capital for alternative financing tailored to your business needs.
Credibly Frequently Asked Questions - FAQ
What other lenders compare to Credibly?
- OnDeck: Offers similar fast funding but focuses more on term loans and lines of credit.
- BlueVine: Specializes in invoice factoring and business lines of credit.
- Fundbox: Provides flexible lines of credit for businesses with lower revenue.
How Credibly Compares to Other Lenders
Credibly stands out as an online lender that connects small business owners with a variety of small business loans and financial products. Here’s how Credibly compares to other lenders:
- Credibly vs. Fora Financial: Credibly offers a broader range of business loans, including working capital loans, merchant cash advances, business lines of credit, and invoice factoring. In contrast, Fora Financial provides small business loans and revenue advances up to $1.5 million.
- Credibly vs. SMB Compass: Credibly offers invoice factoring, working capital loans, business lines of credit, and merchant cash advances ranging from $5,000 to $400,000. SMB Compass, on the other hand, provides nine types of loans, including term loans, business lines of credit, equipment financing, invoice factoring, and bridge loans.
What Happens After Applying with Credibly?
After submitting your application, a loan advisor will contact you within 4 hours to discuss your options. Once approved, funds are deposited into your account within 24 hours.
Does Credibly report to credit bureaus?
Yes, Credibly may report your repayment activity to credit bureaus, which can help build your credit profile.
How do I manage my loan with Credibly?
You can manage your loan through the Credibly login portal, where you can view your balance, repayment schedule, and account details.
What is the customer experience like with Funding Circle
Credibly reviews highlight the lender’s fast funding process and dedicated customer service team, with positive customer feedback emphasizing the seamless process and quick funding.
Trustpilot Rating: 4.9/5
Common Complaints: Some users mention higher rates for certain loan products.
Customer Reviews and Ratings
Credibly has garnered a high rating on Trustpilot, with an average score of 4.8/5. An impressive 89% of customers have given Credibly a 5-star rating, while 5% have awarded it 4 stars. Customers frequently praise Credibly’s quick funding process, relaxed credit requirements, and flexible repayment terms. However, some users have reported delays in receiving funding and challenges in reaching customer service. Overall, the positive reviews highlight Credibly’s commitment to providing efficient and accessible financing solutions for small business owners.
Credibly Final Verdict
Who Should Consider Credibly?
Credibly is a great option for established businesses that need fast access to capital. It’s particularly helpful for companies with low credit scores looking for flexible funding solutions. With a wide range of loan products, including working capital loans and SBA loans, Credibly provides options to address various financial needs for growing businesses.
Who Should Look Elsewhere?
Startups with less than six months in operation may not qualify for Credibly’s funding options and should consider alternatives. Additionally, businesses seeking low-interest, long-term loans through traditional banks might find Credibly’s offerings less competitive for their specific needs.
Tips for Success with Credibly
- Prepare your bank statements and financial details before applying.
- Compare loan options to find the best fit for your business needs.
- Take advantage of early repayment options to save on interest.
- Work with a loan advisor to clarify terms and repayment schedules.
Disclaimer: Credibly trademark is owned by Credibly,LLC. dba Credibly and its use herein is for reference purposes only. This does not indicate sponsorship or endorsement from Credibly, LLC.