The specs
CrediblyApex Capital
Product typeMulti-productMulti-product
Amount range$5K – $600K$500 – $5M+ in invoices factored (no hard cap; volume-based pricing)
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)Factor rate 1.5 – 5% of invoice value (non-recourse default; volume-tiered)
Speed to fundAs fast as 4 hoursSame-day funding on verified invoices; in-cab minute-level pay via Blynk app
Min time in business6 months0 months
Min monthly revenue$15,000Volume-based (typically $5K+/mo factored); welcomes new-authority MC carriers
Min credit score550+No FICO floor — underwrites against broker / shipper credit
Products
- MCA
- Working capital LOC
- Short-term term loan
- Non-recourse freight factoring (standard)
- Apex Fuel card with TA/Petro discounts
- Blynk app for instant in-cab pay
- Equipment financing referrals
Verdicts by use case
- Owner-operator MC carrier wanting non-recourse factoring as default — Winner: Apex Capital. Apex Capital is structurally the primary option for any trucking carrier prioritizing non-recourse factoring — Apex defaults to non-recourse, meaning Apex eats the loss if a broker defaults on payment rather than charging the carrier back. TBS, RTS, and most factoring competitors default to recourse (carrier eats unpaid invoices). For carriers prioritizing balance sheet protection from broker defaults Apex non-recourse is the structural fit. Credibly MCA structure doesn't address this trade — different product category.
- Owner-operator wanting fastest in-cab payment via mobile app — Winner: Apex Capital. Apex Capital's Blynk mobile app pushes funds to carrier debit card within minutes of invoice approval — fastest cash-in-hand UX in the trucking factoring category. Useful for owner-operators who need immediate fuel money or repair payments on the road. Credibly MCA funds via ACH to business bank account in 4 – 24 hours — fast for working capital but not the same cash-in-hand UX as Blynk for over-the-road owner-operators.
- Trucking fleet needing $150K lump sum capital for equipment downpayment — Winner: Credibly. Apex Capital factoring advances 70 – 95% of individual invoice value — useful for converting receivables to cash but not for raising lump-sum capital outside accumulated invoice value. Credibly MCA can fund $150K lump sum against trucking-business bank-deposit history. For lump-sum capital deployments outside factored receivables Credibly is the structural fit.
- New-authority MC carrier (0 – 6 months TIB) — Winner: Apex Capital. Apex Capital accepts new-authority MC carriers with 0 months TIB — underwrites against broker / shipper credit. Credibly's 6-month TIB minimum structurally declines new-authority single-truck operations. For new-authority trucking Apex is the structural fit.
- Carrier weighing Apex non-recourse premium vs TBS recourse pricing — Winner: Tie. Apex non-recourse default carries approximately 0.5 – 1.5 percentage point factor premium vs TBS or RTS recourse pricing. For carriers with diversified broker base and consistent broker credit quality the non-recourse premium may not be worth the protection. For carriers with concentration on a few key brokers or who've experienced broker defaults the non-recourse protection structurally justifies the premium. Credibly is not the structural comparison for this trade — different product.
The honest takeaway
Credibly and Apex Capital 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 new-authority owner-operator with one truck doing my first 6 months — Apex Capital or Credibly?
- Apex Capital is structurally the only option in this pair for a new-authority owner-operator. Credibly requires 6+ months TIB plus $15K+/mo revenue plus 550+ FICO — most new-authority single-truck operations don't clear all three bars in months 1 – 6. Apex underwrites against broker credit rather than carrier history, accepts new-authority MC carriers at 0 months TIB, and offers non-recourse factoring as the default product (Apex eats broker default losses rather than charging back the carrier). The 2026-06-28 owner-operator playbook for first 12 months: factor 100% of broker-billed invoices via Apex (or alternatives like TBS, RTS, OTR Capital) for primary cash flow, use Apex Blynk mobile app for immediate in-cab pay on approved invoices, build to 12+ months TIB with consistent revenue, then evaluate Credibly MCA as supplemental capital for equipment upgrades, truck downpayments, or fuel reserves. Don't apply to Credibly in month 1 – 6 — declines hurt your file when you reapply later.
- Apex Capital non-recourse vs TBS Factoring recourse — which is structurally better for my single-truck operation?
- Depends on your broker base concentration and operating cash flow buffer. Apex non-recourse default means Apex eats the loss if a broker defaults on payment (carrier doesn't get charged back), at the cost of approximately 0.5 – 1.5 percentage points factor premium vs TBS recourse pricing. TBS recourse default means lower factoring cost but you eat the loss if a broker defaults — Apex's protection costs you in normal months but pays off when a broker misses payment. The structural breakeven math: if your broker-default rate is under 0.5 – 1% of factored invoices, TBS recourse is cheaper net of charge-backs. If broker-default rate is above 1 – 2% of factored invoices, Apex non-recourse wins net of premium. For single-truck owner-operators with concentration on 2 – 4 brokers (typical for new-authority) Apex non-recourse is structurally protective — one broker default at $5K+ on a single invoice wipes out months of factor savings. For fleets with diversified broker base (10+ active brokers, no single broker over 15% of revenue) TBS recourse pricing is structurally cheaper. The 2026-06-28 framing: Apex for owner-operators and small fleets prioritizing protection; TBS or RTS for larger fleets with broker diversification. Credibly is a different product category — MCA against bank deposits, not factoring against invoices.
- I've been factoring with Apex for 8 months and now need $100K for a second truck downpayment — Apex extension or Credibly MCA?
- Apex doesn't offer direct working capital extensions beyond invoice factoring — they refer equipment financing to partners but don't fund lump-sum capital against factoring relationship. For $100K lump sum on a second truck downpayment the structural options: (1) Credibly MCA at factor 1.20 – 1.28 on $100K = $20,000 – $28,000 in total fees with funding in 4 – 24 hours via business bank ACH. Requires 6+ months TIB which you have (8 months as a factoring client demonstrates operating history) plus $15K+/mo revenue and 550+ FICO. (2) Equipment financing through Beacon Funding, Balboa Capital, or Currency Capital — typically APR 8 – 24% on equipment with the truck as collateral, materially cheaper than MCA but slower (3 – 14 days vs 4 – 24 hours) and requires more documentation. (3) Apex equipment financing referral partners — Apex maintains relationships with equipment financiers who'll consider your factoring history as part of underwriting, can be faster than going direct to new equipment lender. The 2026-06-28 trucking playbook for second-truck capital: if speed is critical Credibly MCA; if cost is critical equipment financing through Beacon or Currency Capital with the truck as collateral; if leveraging factoring relationship matters ask Apex for their equipment financing partner referral. Don't take Credibly MCA at factor 1.20+ for equipment when equipment financing at APR 12 – 18% is structurally cheaper — about half the all-in cost.