Small and medium-sized enterprises can receive finance and other financial services via Credibly, a financial technology startup. Since its founding in 2010, the business has developed into a top supplier of working capital and small business loans. Participating in the Paycheck Protection Program (PPP), which was founded by the US government in reaction to the COVID-19 outbreak, was one of the most important events in Credibly’s history.
Credibly, a PPP lender, was able to give small businesses who were fighting for survival during the epidemic crucial financial support. The organization processed thousands of PPP loan applications and assisted numerous businesses in surviving a challenging period. Participating in the PPP program demonstrates Credibly’s dedication to supporting small businesses and assisting in their expansion and success.
In addition to taking part in the PPP program, Credibly provides small businesses with a vast array of financial goods and services. These consist of business lines of credit, merchant cash advances, and working capital loans. The loan procedure at the organization is intended to be quick and effective, with decisions being made in less than 24 hours and financing being made available in under three business days.
Since Credibly also files credit bureau reports, its loans can aid firms in raising their credit scores and creating a solid credit history. For small firms that may have scant credit histories or who may be looking to raise their credit scores, this is a significant perk.
Although it maintains offices in New York, Arizona, and Massachusetts, Credibly is based in Michigan. The business provides services to businesses all throughout the country and has a national presence.
It’s crucial to remember that, despite the fact that Credibly provides a range of financial services, it is not a bank. Instead, the business offers its lending products through partnerships with banks and other financial organizations. As a result, Credibly may take advantage of the knowledge and resources of its partners to offer competitive rates and flexible loan terms.
Credibly is a respectable and trustworthy PPP lender that has assisted numerous small businesses in surviving the COVID-19 pandemic. The business also provides a variety of additional financial goods and services intended to foster the expansion and prosperity of small businesses. Credibly is a helpful partner for small businesses looking for finance and other financial solutions because of its dedication to speed, efficiency, and customer care.