Credibly Small Business Loans Review

Revenue-Based Financing

We’re breaking down everything there is to know about Credibly and its revenue-based financing.

What Kind of Small Business is Credibly Best For?

The revenue-based financing from Credibly is better suited to some businesses than others. 

Businesses with low credit

Credibly requires a minimum credit score of only 500 in order for businesses to qualify for its revenue-based financing product. Meaning, even without great credit, you could still get the funding you need from them. 

New businesses

If you’re new to being a business owner and looking for startup funding, the revenue-based financing from Credibly could be a great option for you. You need a minimum of only 6 months in business. They look at your credit card sales as proof for your eligibility to repay rather than your business history. So, if you’ve got $15,000 in average monthly deposits, give Credibly a look.

What Kind of Small Business is Credibly Not For?

Businesses in need of traditional long-term financing

If you need long-term funding, the revenue-based financing from Credibly isn’t for you. However, they do offer other financing options, including some with longer terms that might be a better fit for you.

Established businesses with good credit

If you’re an established business owner with a long business history and good credit, you might want to shop around before going with revenue-based financing from Credibly. You likely have more options available to you to consider before taking on potentially higher cost financing.

*The information contained in this page is Lendio’s opinion based on Lendio’s research, methodology, evaluation, and other factors. The information provided is accurate at the time of the initial publishing of the page (October 25, 2022). While Lendio strives to maintain this information to ensure that it is up to date, this information may be different than what you see in other contexts, including when visiting the financial information, a different service provider, or a specific product’s site. All information provided in this page is presented to you without warranty. When evaluating offers, please review the financial institution’s terms and conditions, relevant policies, contractual agreements and other applicable information. Please note that the ranges provided here are not pre-qualified offers and may be greater or less than the ranges provided based on information contained in your business financing application. Lendio may receive compensation from the financial institutions evaluated on this page in the event that you receive business financing through that financial institution.