• Credibility Capital aims to help small business owners with its two business financing products, a small business loan or a line of credit. 
• Borrowers who qualify can get good terms and low rates with its line of credit.
• Small businesses can use lines of credit to increase cash flow to help their business succeed.
• Read this Credibility Capital review 2023 for its line of credit product to learn what it is, who is eligible to apply, and the pros and cons. 
• Learn the best alternatives in this Credibility Capital review if its line of credit isn’t the right option for you. 

Credibility Capital Line of Credit Features

Credibility Capital is well rated on Trustpilot and has an A+ rating from the Better Business Bureau. It offers two small business financing options — term loans and business lines of credit — with an easy application for both. 

A line of credit is a funding tool that you can draw from as needed, and is one of the most common types of funding for small business owners. Unlike a loan agreement with set repayment terms and a pre-decided loan amount, you only borrow as much as you need with a line of credit. With Credibility Capital, you can get a line of credit for $100,000 to $250,000. Interest rates start at 8.99% at the time of writing — and you only pay interest on what you borrow. The term lasts for five years total, and it’s made up of two parts:

1. A two-year draw period that allows you to make up to four draws per month. (A draw is another way to say a withdrawal.) You don’t have to make repayments during this draw period and only pay interest on what you use, but there are no prepayment penalties. 
2. After that, you start making monthly payments on the total you have drawn for the next three years. Or you may qualify to renew the line of credit or refinance into a new installment loan.

While there are no draw fees or prepayment fees, there is a commitment fee when you close the line of credit. Credibility Capital reviews your credit only every six months, less often than many business lenders.

If you’re looking for a Credibility Capital loan or another type of business loan rather than a line of credit, see this guide from Nav to learn more on term loans.

Credibility Capital Borrower Eligibility

Let’s look at the eligibility requirements. Credibility Capital typically doesn’t lend to brand new businesses. To qualify for Credibility Capital funding, you need to meet the following minimum requirements:

• You have been in business for at least 24 months
• You make $200,000 or more in annual revenue
• You (the owner) has a personal credit score (FICO) of 650 or above
• There are no unpaid liens or judgments against you or your business
• You haven’t declared bankruptcy in the last five years
• You don’t have any delinquencies for more than $1,000
• You’re a U.S. citizen but cannot live in Nevada, North Dakota, South Dakota, or Vermont

Every business owner that owns at least 25% of the business must complete an application. Additionally, you’ll likely need to gather your tax returns for the previous two years, bank statements, profit and loss statements, and balance sheets.

Credibility Capital Line of Credit Pros and Cons

Alternatives to Credibility Capital

If a Credibility Capital line of credit won’t work for your business, there are many other options that could fit your business needs. We gathered other lines of credit, as well as term loans that might work for you.

Lines of credit

Line of Credit by Fundbox

Line of Credit by Rapid Finance

Term loans

Intermediate-Term Loan by Kapitus

Term Loan by OnDeck

SBA Loan by SmartBiz