The specs
CrediblyBizfi Funding
Product typeMulti-productMCA
Amount range$5K – $600K$5K – $150K (current entity); historical Bizfi LLC funded larger
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)Factor 1.28 – 1.49
Speed to fundAs fast as 4 hours24 – 72 hours
Min time in business6 months6 months
Min monthly revenue$15,000$10,000
Min credit score550+525+
Products
- MCA
- Working capital LOC
- Short-term term loan
- MCA (1st, 2nd position)
- Renewal funding
Verdicts by use case
- Clean A-paper merchant (550+ FICO, 6+ months, single position) — Winner: Credibly. Credibly's A-paper factor band (1.11 – 1.25) and 4-hour API V2 + Cloudsquare funding is materially cheaper and faster than Bizfi Funding's 1.28 – 1.49 factor. On a $100K deal, the cost differential typically runs $17K – $24K.
- B/C-paper file with existing 2nd position — Winner: Bizfi Funding. Credibly is first-position-preferred and declines most stacked files. Current Bizfi Funding-branded operations underwrite 2nd position MCA — for files with existing positions needing additional capital, Bizfi is in the cascade where Credibly isn't.
- Larger deal size ($200K+) — Winner: Credibly. Credibly underwrites up to $600K with consistent execution. Current Bizfi Funding-branded operations cap at $150K with thinner public balance-sheet disclosure. For larger files, Credibly is materially more predictable.
- Counterparty stability and balance-sheet depth — Winner: Credibly. Credibly is a continuously-operated direct lender with $3B+ deployed. The original Bizfi LLC filed Chapter 11 bankruptcy in 2017 — any current 'Bizfi'-branded operation is a separate successor or DBA, not the original $2B+ marketplace. Counterparty risk is materially higher; always verify the contracting legal entity on the agreement before signing.
- Fastest funding on a clean file — Winner: Credibly. Credibly funds in as fast as 4 hours via API V2 + Cloudsquare. Bizfi Funding funds in 24 – 72 hours — slower by a full business day or more even on equivalent paper.
The honest takeaway
Credibly and Bizfi Funding 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
- Is Bizfi Funding the same as the Bizfi LLC that filed Chapter 11 in 2017?
- No — the original Bizfi LLC was a much larger marketplace-lending platform that funded over $2B in MCA and term-loan originations before filing Chapter 11 bankruptcy in 2017 amid disputes with funding partners and warehouse-line lenders. Any current 'Bizfi Funding'-branded MCA operation is a separate, smaller successor entity, DBA, or unrelated brand reusing the recognizable name — not the original marketplace. Always verify the legal entity on the funding agreement and check the state of incorporation before sharing financials.
- What happened to the original Bizfi LLC?
- Bizfi LLC and several affiliated entities filed Chapter 11 bankruptcy in 2017 after disputes with credit-facility lenders and a sharp deterioration in the warehouse-funding market. The company had originated over $2B in small-business financing through a marketplace model connecting merchants to a panel of funders. The wind-down included sales of receivable portfolios and intellectual property; some former employees launched successor operations and brand-name reuse appears periodically in MCA marketing. The original company is no longer operating.
- My broker presented 'Bizfi Funding' at 1.40 factor — should I shop Credibly first?
- Yes, always. Beyond the pricing comparison (Credibly will likely quote 1.22 – 1.30 on equivalent A-paper, saving 10 – 18 points of factor), the counterparty question matters more than usual here — verify which legal entity is actually contracting before signing. Ask for the funder's full legal name, state of incorporation, and a copy of the standard MCA agreement before sharing bank statements. If the broker can't produce that quickly, that's a tell.