How we compare
Banks and SBA loans usually offer the lowest rates but take weeks and require strong credit and long histories. Merchant cash advances are fast but expensive and paid daily. Credible Lending sits between: same-day decisions, a 625 credit minimum, terms up to 60 months and the full cost shown before you sign.
Comparison table
| Factor | Credible Lending | Bank loan | SBA loan | Merchant cash advance |
|---|---|---|---|---|
| Time to decision | Same day, often 4–6 hours | 2–6 weeks | 30–90 days | Hours |
| Amounts | $10K – $5M | Varies, often $100K+ | Up to $5M (7(a)) | Typically $5K – $500K |
| Minimum credit | 625 | 680+ | 650–690 | 500+ |
| Time in business | 1 year | 2+ years | 2+ years | 3–6 months |
| Credit check to apply | Soft | Hard | Hard | Usually soft |
| Repayment | Weekly or monthly, up to 60 months | Monthly, multi-year | Monthly, up to 10–25 years | Daily or weekly holdback |
| Paperwork | Short application and bank statements | Tax returns, financials, business plan | Extensive SBA forms | Bank or processor statements |
Typical market ranges as of September 2026. Individual lenders vary; confirm terms with any provider you consider.
Still deciding between products? Read line of credit vs. term loan or convert a factor rate to APR.
Questions, answered
Something else on your mind? Ask an advisor.
Is a bank loan cheaper than online financing?
Often, yes, for businesses that qualify. Banks typically want 2+ years in business, strong credit and full financials, and decisions can take weeks. Online lenders trade some cost for speed and wider eligibility.
When does an SBA loan make sense?
When you can wait 30 to 90 days and want the longest terms and lowest rates for a large, long-term investment such as real estate or an acquisition.
Why not a merchant cash advance?
MCAs are fast but usually carry the highest cost and daily or weekly holdbacks that strain cash flow. A line of credit or term loan is typically cheaper for businesses that qualify.
Ready when your business is.
Apply in about three minutes with a soft credit check. You'll hear back the same day.