The specs
Bankers Healthcare Group (BHG)Credibly
Product typeTermMulti-product
Amount range$20K – $500K (professional loans); up to $200K credit cards$5K – $600K
Cost (factor / APR)APR 9 – 25% (term loans); business credit cards separateFactor 1.11+ (MCA); APR varies (term)
Speed to fund3 – 7 business days after document reviewAs fast as 4 hours
Min time in business24 months6 months
Min monthly revenuePractice / professional income basis — not monthly revenue$15,000
Min credit score700+550+
Products
- Professional term loans
- Practice acquisition loans
- Business credit cards
- Patient financing
- MCA
- Working capital LOC
- Short-term term loan
Verdicts by use case
- Licensed professional (physician, dentist, vet, attorney, CPA) with 700+ credit — Winner: Bankers Healthcare Group (BHG). BHG underwrites against professional license + practice income + credit. APR 9 – 25% on a 5 – 10 year term loan is materially cheaper than Credibly's MCA factor (1.11+) or term APR for the same capital need. Licensed professionals should exhaust BHG before considering MCA.
- Non-licensed-professional business (restaurant, retail, trucking, services) — Winner: Credibly. BHG only funds licensed professionals. Restaurants, retail, trucking, and unlicensed services categories are structurally ineligible. Credibly underwrites against bank statements regardless of license status.
- Speed — cash needed this week — Winner: Credibly. Credibly funds as fast as 4 hours after document review. BHG's headline 3 – 7 business days is real for clean working-capital files, but practice-acquisition deals routinely stretch to 2 – 4 weeks. For genuine same-week capital needs Credibly is the faster path.
- Practice acquisition or expansion loan ($150K+) — Winner: Bankers Healthcare Group (BHG). BHG's professional term loans go to $500K with 5 – 10 year amortization purpose-built for practice acquisition or expansion capex. Credibly tops at $600K but on 6 – 18 month MCA / short-term structure — wrong product shape for a multi-year acquisition payback.
- B/C-paper borrower (sub-700 credit, recent NSFs) — Winner: Credibly. BHG's 700+ credit floor is strict. Credibly accepts 550+ FICO and routinely funds B-paper merchants. Sub-700 licensed professionals can use Credibly while working on credit improvement to qualify at BHG later.
The honest takeaway
Bankers Healthcare Group (BHG) and Credibly solve overlapping but distinct problems. The right choice depends on three things you already know about your business: how fast you need the money, how long you've been operating, and whether the capital need is one-time or recurring.
Frequently asked questions
- I'm a dentist with 720 credit — should I take a BHG loan or a Credibly MCA?
- BHG, almost certainly. A $150K BHG term loan at 14% APR over 7 years costs roughly $90K in total interest. A $150K Credibly MCA at 1.25 factor costs $37.5K in 9 – 12 months — looks cheaper in dollars but the APR-equivalent is 50%+ and the daily ACH debit hits practice cash flow harder than monthly amortization. For a planned capital need with 700+ credit and a licensed practice BHG is structurally the right product.
- Why won't BHG fund my restaurant?
- BHG underwrites against professional license + practice income (medical, dental, veterinary, legal, CPA, optometry). Restaurants, retail, trucking, and unlicensed services don't fit the underwriting model. The licensed-professional focus is what lets BHG offer 9 – 25% APR — they're underwriting a low-default borrower category. For restaurants the right alternatives are Credibly MCA, Toast Capital, Square Capital, or SBA via Live Oak.
- Can a licensed professional use Credibly and BHG together?
- Possible but rarely the right move. BHG term loan as the primary capital source (cheaper, longer term) plus a small Credibly LOC for short-term working capital can work if the BHG loan is for acquisition and the LOC handles A/R timing. Stacking a BHG term loan with a Credibly MCA on top is usually a cash-flow mistake — the combined monthly amortization plus daily MCA ACH can break practice cash flow. Get a practice accountant to model the combined burden before signing.