Credibly

Credibly is a national nonbank lender headquartered in Southfield, MI, focused on working capital loans, secured business loans, and merchant cash advances for small and medium-sized businesses. Financing runs from $5,000 to $600,000, with a minimum credit score of 550 — making it worth considering if your credit is fair rather than strong. You'll need at least six months in business and $25,000 in monthly revenue to qualify. Credibly advertises approval decisions in as little as two hours, which suits businesses that need capital quickly. A large volume of customer reviews skews strongly positive, suggesting most borrowers have a smooth experience. That said, Credibly uses factor-rate pricing on some products, which can translate to higher effective borrowing costs than a simple interest rate implies — worth understanding before you sign.