Tech Companies Love Small Business Lenders: Here’s Why 

Starting a small business is a big undertaking, and one of the biggest challenges for many entrepreneurs is securing financing. Traditional banks are often hesitant to lend to small businesses, especially if the business is new or the owner has a less-than-perfect credit score. The process of applying for a small business loan from a bank can be long and arduous, and even if a loan is approved, the terms are often not favorable to the business owner.

Taking a Holistic Approach

This is where Credibly comes in. Credibly is a financial technology company that specializes in providing working capital solutions for small businesses. Unlike traditional banks, Credibly uses a more holistic approach to evaluating loan applications, taking into account a small business’s monthly recurring revenue rather than just relying on the owner’s credit score.

Accepting Less Than Perfect Credit Scores

This means that even if a small business owner has less-than-perfect credit, they can still qualify for a loan from Credibly. And because Credibly uses the business’s monthly recurring revenue to determine loan terms, the remittance plan can be tailored to the business’s unique financial situation, making it more manageable and less burdensome.

Effortless Applications

The process of applying for a loan with Credibly is quick and easy. Business owners can apply online in just a few minutes, and once the application is submitted, Credibly’s team of experts will review it and provide a decision within a few hours. If the loan is approved, the funds can be deposited into the business’s account within a few days, giving the business the working capital it needs to grow and succeed.

Flexible Financing Options

One of the biggest advantages of working with Credibly is that the company is focused on helping small businesses succeed. Unlike traditional banks, which often have strict requirements and rigid loan terms, Credibly understands that small businesses need flexibility and support in order to thrive. That’s why the company offers a range of financing options, including business loans, lines of credit, and equipment financing, to meet the diverse needs of small businesses.

Competitive Rates

In addition, Credibly is committed to providing competitive interest rates and loan terms. The company understands that small businesses often operate on tight margins, and that high interest rates and inflexible repayment terms can make it difficult for businesses to succeed. That’s why Credibly offers competitive interest rates and flexible repayment/remittance plans that are tailored to each business’s unique financial situation. This means that small business owners can get the financing they need without worrying about being burdened by high interest rates or inflexible repayment terms.

Trusted by 30,000+ Businesses

Furthermore, Credibly is a trusted and respected lender in the small business community. The company has been providing working capital solutions to small businesses for over a decade, and has helped thousands of businesses across a wide range of industries. Credibly has an A+ rating with the Better Business Bureau, and has received numerous awards and accolades for its commitment to small business success. This means that small business owners can trust Credibly to provide the financing they need, with the support and resources they need to succeed.

A Vital Resource for Small Businesses

In short, Credibly is a valuable resource for small business owners who are looking for financing options that are tailored to their unique needs and circumstances. With Credibly, small business owners can access the working capital they need to grow their businesses, without the long wait times and unfavorable terms that are often associated with traditional banks. Whether you’re looking to expand your operations, invest in new equipment, or simply cover your day-to-day expenses, Credibly can help you get the financing you need to succeed.