The specs
CrediblyBB&T Business Loan (legacy brand, now Truist)
Product typeMulti-productMulti-product
Amount range$5K – $600KLegacy BB&T products consolidated into Truist in December 2019 (BB&T + SunTrust merger of equals). Current Truist equivalents: $10K – $100K (Truist Business Banking Express); $25K – $1M (term + LOC); $250K – $5M (SBA 7(a))
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)Current Truist pricing: APR 8% – 14% (term + LOC, relationship-priced); SBA Prime + 2.25 – 2.75%
Speed to fundAs fast as 4 hours3 – 7 business days (Express ≤ $100K, existing customers); 7 – 14 business days (term + LOC); 30 – 90 days (SBA — Truist is PLP)
Min time in business6 months24 months
Min monthly revenue$15,000$15,000+/mo typical for unsecured products
Min credit score550+680+
Products
- MCA
- Working capital LOC
- Short-term term loan
- Truist Business Banking Express
- Business term loans
- Business LOC
- SBA 7(a)
- SBA 504
- Equipment financing
- Commercial real estate
Verdicts by use case
- Former BB&T Southeast customer with 24+ months TIB and 680+ FICO — Winner: BB&T Business Loan (legacy brand, now Truist). As of 2026-06-28 the current Truist Business Loan products (legacy BB&T replacement) at 9 – 13% APR relationship-priced materially undercut Credibly's MCA factor 1.11 – 1.40 (effective APR 22 – 80%). Former BB&T customers had their deposit-relationship history migrated to Truist RMs in 2019 – 2022 — the multi-year relationship still counts toward Truist RM pricing. For qualifying former BB&T customers Truist (the legal successor) is structurally cheaper across most quotes, with the added benefit of Truist's top-10 SBA channel that legacy BB&T already operated at top-15 scale.
- Newer business under 24 months TIB — Winner: Credibly. Truist's 24+ months TIB floor (which applies to former BB&T customers post-conversion) is firm. Credibly's 6-month TIB floor is reachable for genuinely new operators. For merchants between 6 and 24 months trading history Credibly is the only structural option in this pair.
- Need cash this week — Winner: Credibly. Credibly funds in as fast as 4 hours via the API V2 + Cloudsquare flow. Truist's fastest channel (Business Banking Express for sub-$100K needs for existing customers) decisions in 3 – 7 business days with funding 1 – 2 business days after approval — total timeline 5 – 9 business days. For genuine same-week capital needs Credibly is materially faster. For 7 – 10 day timelines on sub-$100K needs the Truist Express channel is competitive and meaningfully cheaper.
- Sub-680 FICO merchant — Winner: Credibly. Truist's 680+ FICO floor (applied post-BB&T conversion) is firm. Some legacy BB&T community-banker flexibility on smaller-market borderline files in the Carolinas and Virginia was standardized during the Truist integration to match the unified Truist credit-box discipline. Credibly accepts 550+ FICO with B/C-paper pricing adjustments. For merchants with personal FICO between 550 and 679 Credibly is the only structural option in this pair.
- SBA 7(a) deal in $250K – $2M range with patient timeline — Winner: BB&T Business Loan (legacy brand, now Truist). Truist (the legal successor to BB&T's top-15 SBA franchise plus SunTrust's top-25 franchise) originates SBA 7(a) loans up to $5M at Prime + 2.25 – 2.75% as a top-10 SBA lender by dollar volume with Preferred Lender Program (PLP) authority that compresses the SBA timeline by 2 – 4 weeks. By far the cheapest cost of capital available for SMB borrowers willing to absorb the 30 – 90 day timeline. Credibly caps at $600K MCA and doesn't offer SBA paths. For qualifying SBA-eligible deals Truist is structurally the only option in this pair, with materially larger combined SBA capacity than legacy BB&T alone.
The honest takeaway
Credibly and BB&T Business Loan (legacy brand, now Truist) 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 had a BB&T business loan in Raleigh or Charlotte — where do I apply now?
- Your account was migrated to Truist between 2019 and 2022 (full brand retirement completed in 2022) and the multi-year BB&T relationship history was preserved on the Truist Business Banking platform. Practical answer for 2026: there is no BB&T business loan product — apply through Truist. For former BB&T customers specifically: (1) your converted Raleigh or Charlotte BB&T branch is now a Truist branch with the same physical location and (in most cases) the same RM team that handled BB&T accounts pre-conversion, (2) your deposit-relationship history counts toward Truist RM pricing — surface the BB&T tenure in the application, (3) all current Truist products are available including Business Banking Express, standard Business Term Loan and LOC up to $1M, and SBA 7(a) up to $5M through a top-10 SBA channel with PLP authority. The expanded product line is genuinely larger than what legacy BB&T offered, especially on SBA capacity and treasury management.
- Did the BB&T + SunTrust merger to form Truist change credit-box standards for Carolinas community-banking customers?
- Yes, modestly. The unified Truist underwriting platform applies to all post-conversion applications: 680+ FICO, 24+ months TIB, $15K+/mo revenue floor on unsecured products. Legacy BB&T had meaningful flexibility on Carolinas and Virginia community-banking files where the local RM had material discretion on borderline approvals — the small-town BB&T branch in Wilmington NC or Roanoke VA could push through a 660 FICO file with strong character references. That community-banker discretion was standardized during the Truist integration to match a unified credit-box (consistent with SunTrust's more standardized historical approach). Practical effects: most former BB&T customers in good standing don't notice a material difference — Truist's pricing on equivalent files is competitive and the SBA channel is materially larger. Smaller-market borderline-file customers who relied on BB&T community-banker flexibility may notice tighter underwriting and should expect more standardized decisioning, with Credibly's MCA available as the necessary backstop while they rebuild a clean Truist-qualifying profile.
- Should I refinance an active Credibly MCA into Truist (the BB&T successor) once I qualify?
- Yes, if the math works. A Credibly MCA at factor 1.25 with 8 months remaining carries an APR-equivalent of 35 – 50%. Refinancing into a Truist relationship-priced Business Term Loan at 9 – 13% APR over 36 – 60 months saves materially on cost-of-capital. For former BB&T customers with preserved deposit-relationship history the Truist RM can advocate for pricing at the lower end of the relationship-priced range. Truist will pull business credit, see the active Credibly debt, and underwrite the refinance as debt consolidation — disclose proactively. For larger SBA-eligible refinances ($250K+) the Truist PLP-authority SBA 7(a) channel can absorb the existing Credibly MCA balance into a 10-year amortization at Prime + 2.5% on a compressed 30 – 60 day timeline. The qualifying bar is the standard Truist credit box (680+ FICO, 24+ months TIB, $15K+/mo revenue, Truist / former BB&T deposit relationship preferred).