Discover what you need to apply for a flexible business loan with Credibly
Starting or growing a business often requires financial support, and Credibly makes it easier with their accessible loan options.
Requirements
- Minimum credit score of 500.
- At least 6 months in business.
- $15,000 in monthly revenue.
- A valid business bank account.
Why choose Credibly?
Credibly stands out with its:
- Quick approval process (within 24 hours).
- Flexible repayment terms.
- Minimal paperwork.
Detailed Requirements for Credibly Loans
Credit score and financial stability
To qualify, you need a minimum credit score of 500. This makes Credibly a great option for businesses with less-than-perfect credit. Additionally, showing consistent cash flow strengthens your application.
Business tenure and revenue
Credibly requires businesses to have been operational for at least six months. With a monthly revenue threshold of $15,000, this ensures your business is stable enough to handle repayments.
Essential documentation
Be prepared to submit these key documents:
Bank statements (last 3-6 months).
Tax returns (if applicable).
Government-issued ID.
Proof of business ownership.
Bank account details
A valid business bank account is necessary for loan disbursement. Ensure your account is active and tied to your business operations.
How to apply for a Credibly Business Loan
Create an account on Credibly’s website.
Complete the application form, providing accurate business details.
Upload required documents as outlined above.
Await loan approval, which usually happens within 24 hours.
Who should apply?
Credibly loans are ideal for:
Entrepreneurs seeking quick funding for business needs.
Business owners with stable monthly revenues.
Startups operating for at least 6 months.
Your best option
Understanding and preparing the necessary requirements for Credibly loans can fast-track your approval process. With their flexible terms and straightforward application, Credibly is a reliable partner for businesses aiming to thrive
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Estefania Abella
