To provide funding to growing small businesses, Credibility Capital works with institutional investors such as banks, family offices, hedge funds and insurance companies.
Their application process is pretty straightforward. You just need to check your eligibility on their website and then submit an online application, which takes about 5 minutes to complete. Once approved, you can get the funds within 24-hours of providing your bank routing information.
While their loans do not require any real property as collateral, they do need to be backed by a personal guarantee from the business owner. To evaluate your application, Credibility Capital will consider several factors such as your personal credit history and business performance.
They only perform a soft pull on your personal credit to assess your rates, so applying does not affect your credit score. However, a hard pull will occur when you close on the loan. If you do get approved, the company spells out your interest rates and APRs for you. This kind of transparency helps ensure that you don’t get hit with any unexpected charges.
If you don’t qualify for their term loans, Credibility Capital connects you with their network of trusted partners. These partners are thoroughly vetted and may offer loan products that are suited for your business profile.