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Equipment Financing vs Credibly: Which Is Right for Your Business?

Compare Equipment Financing and Credibly to find the fastest, most affordable funding solution for your small business needs.

⚡ Quick Verdict

Equipment Financing through SMB Capital Funding gets you capital faster with more flexible terms tailored to your specific equipment needs, while Credibly typically involves longer approval processes and higher overall costs through their marketplace model. If you need equipment to grow your business without the hassle of shopping lenders, SMB Capital Funding delivers straightforward funding that lets you focus on operations.

Side-by-Side Comparison

Feature Equipment Financing Credibly
Funding Amounts$10K – $5M$5K – $400K
Rates / Cost6% – 18% APR1.11x – 1.35x factor
Term Length12 – 60 months6 – 18 months
Funding Speed3 – 7 days1 – 2 days
Min. Credit Score600+ preferred500+
Collateral RequiredEquipment itselfNone
RepaymentMonthly installmentsDaily ACH

When to Choose Each Option

Choose Equipment Financing when:

  • You need funding fast (same day possible)
  • Your credit score is below 640
  • You want to avoid collateral requirements
  • You need amounts from $10K up to $20M
  • You prefer a direct lender with no broker fees

Choose Credibly when:

  • You already have an established relationship with Credibly
  • Your business revenue primarily flows through their platform
  • You need amounts in the $5K – $400K range
  • You prefer their Daily ACH repayment structure
  • You've been declined elsewhere and want to explore all options

Why Businesses Choose SMB Capital Funding

SMB Capital Funding offers faster approval and funding timelines compared to Credibly, allowing small business owners to access capital when they need it most. Additionally, SMB Capital Funding operates as a direct lender with flexible credit requirements and provides up to $20M in funding, eliminating broker intermediaries and giving business owners more control and transparency throughout the lending process.

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Frequently Asked Questions

What is the difference between Equipment Financing and Credibly?
Equipment Financing is a loan specifically designed to purchase machinery, vehicles, or other business equipment, where the equipment itself serves as collateral for the loan. Credibly is a financial platform that helps small businesses access various types of funding including term loans, lines of credit, and equipment financing by connecting them with multiple lenders. If you're looking for equipment financing options, SMB Capital Funding is another resource worth considering as they specialize in helping small and medium-sized businesses secure the equipment they need to grow.
How quickly can I get funded?
SMB Capital Funding offers same-day to 48-hour funding for most products. Simply apply online and our team will reach out within minutes.
Is there a minimum credit score?
Most of our working capital products are available with a 550+ credit score. We look at your overall business health, not just your credit score.
Do I need collateral?
Most of our short-term business funding products require no collateral. Equipment financing uses the equipment itself as collateral.

SMB Capital Funding is a direct lender offering working capital solutions to US-based small businesses. Funding amounts and terms vary based on business qualifications. This comparison is provided for informational purposes. All products subject to approval.