The specs
CrediblyBluevine
Product typeMulti-productLOC
Amount range$5K – $600K$10K – $250K
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)APR 6.2% – 27% (LOC)
Speed to fundAs fast as 4 hours1 – 3 business days
Min time in business6 months12 months
Min monthly revenue$15,000$10,000
Min credit score550+625+
Products
- MCA
- Working capital LOC
- Short-term term loan
- Line of credit
- Invoice factoring
Verdicts by use case
- Merchant primarily worried about a Confession of Judgment (COJ) being filed against them on default — Winner: Bluevine. Bluevine's product is a true line of credit (loan), not a purchase of future receivables — its standard agreement does not include a Confession of Judgment clause. Credibly's MCA product line historically operated in an industry where COJs were a standard enforcement tool until New York's August 2019 SB 5395 amendment to CPLR 3218 barred New York courts from accepting COJs against out-of-state defendants. Even post-2019 most national MCA originators stripped COJs from contracts or shifted them to Delaware/New Jersey filings, but the structural risk of a COJ-shaped enforcement clause is materially higher in an MCA contract than a Bluevine LOC. For COJ-risk-averse merchants Bluevine is structurally primary on contract risk.
- ISO broker comparing the contract risk surface they hand a merchant to sign — Winner: Bluevine. An ISO routing to Bluevine hands the merchant a loan note plus state-required commercial finance disclosure (CFDL in NY, SB 1235 in CA, FL HB 1353, GA SB 90, VA SB 1252, UT SB 183, MO SB 1359). An ISO routing to Credibly hands the merchant a Receivables Purchase Agreement that — depending on contract vintage and the merchant's home state — may still include a confession-of-judgment provision, an irrevocable power-of-attorney to file the COJ, and a waiver of jury trial. Brokers exposed to FTC Holder Rule scrutiny, state UDAP claims, or AG investigations should treat the LOC's lighter enforcement architecture as the lower-liability route within this 2-way.
- Merchant domiciled in New York — Winner: Bluevine. NY SB 5395 (signed Aug 30 2019, effective immediately) amended CPLR 3218 to prohibit County Clerks from accepting COJs from non-NY-resident defendants. The practical effect: New York-domiciled merchants remain exposable to NY-filed COJs from MCA originators that route the contract through a NY-jurisdiction provision — Credibly contract templates have historically used NY governing law. Bluevine's LOC does not use a COJ structure regardless of jurisdiction. For NY-domiciled merchants Bluevine structurally primary on COJ exposure within this 2-way.
- Merchant in a state that has not addressed COJ enforceability — Winner: Bluevine. Most states have not legislatively addressed inter-state COJ enforcement post-NY 2019. A COJ entered in NY against a non-NY defendant is unenforceable in NY but can still chill domicile-state assets through full-faith-and-credit recognition attempts. Bluevine LOC's no-COJ posture removes the entire enforcement category. For merchants outside NY/NJ/PA Bluevine structurally primary on cross-state enforcement risk.
- Merchant who has already received offers and is reading the contract — Winner: Bluevine. The practical test: search the offered contract PDF for the phrases 'confession of judgment', 'irrevocable power of attorney', and 'waive any right to notice'. A Bluevine LOC agreement will not contain these phrases. A Credibly MCA contract may contain a COJ-adjacent provision depending on contract vintage, the merchant's state of domicile, and the deal size. For contract-review-discipline merchants Bluevine structurally lower-friction within this 2-way.
The honest takeaway
Credibly and Bluevine 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
- What is a Confession of Judgment (COJ) clause and why does it matter in an MCA vs LOC comparison as of 2026-06-30?
- A Confession of Judgment is a contract clause in which the borrower agrees in advance — before any dispute exists — that the lender (or in MCA structure, the funder) may file a pre-signed judgment against the borrower in court on default, without notice and without an opportunity for the borrower to defend. Historically COJs were a standard enforcement tool in the MCA industry, filed primarily in New York and used to freeze bank accounts and levy assets within days of a missed payment. The legislative reset began with Bloomberg's November 2018 investigative series and culminated in NY SB 5395 (signed Aug 30 2019, effective immediately), which amended CPLR 3218 to prohibit NY County Clerks from accepting COJs against non-NY-resident defendants. The practical effect: COJs filed in NY against out-of-state MCA defendants became unenforceable in NY, and most national MCA originators stripped COJs from contracts going forward or shifted COJ filings to Delaware/New Jersey courts where state law was less restrictive (NJ subsequently constrained COJ practice through case law and AG guidance). In a Credibly (MCA) vs Bluevine (LOC) comparison as of 2026-06-30: Bluevine LOC is a true loan, not a purchase of future receivables, and its standard agreement does not include a COJ clause. Credibly's MCA contract vintage matters — post-2019 templates likely omit COJ provisions for out-of-state merchants but may retain COJ-adjacent provisions (irrevocable power of attorney to file judgment, jury-trial waiver, mandatory NY venue clause) that function similarly. Merchants and ISOs should treat the COJ-clause question as a contract-review checklist item and request the full contract PDF before signing, not just the term sheet.
- Does Credibly's MCA contract still include a Confession of Judgment clause as of 2026-06-30?
- Credibly does not publicly publish its current contract template, and ISO-channel and direct-merchant contract templates have historically varied by merchant domicile state, deal size, and contract vintage. The realistic posture as of 2026-06-30: Most national MCA originators including Credibly stripped explicit COJ clauses from contracts issued to NY-domiciled merchants post-NY SB 5395 (August 2019). Many originators also stripped COJ clauses from contracts issued to merchants in NJ, CA, FL, GA, VA, UT, and MO following the wave of state commercial finance disclosure laws (CFDL in NY, SB 1235 in CA, FL HB 1353, GA SB 90, VA SB 1252, UT SB 183, MO SB 1359) and state AG MCA enforcement actions (NY AG, FTC v. RCG Advances 2020, FTC v. Yellowstone Capital 2020). However, contract templates issued to merchants in less-regulated states, smaller deals, or B/C-paper files may still retain COJ-adjacent provisions including: irrevocable power of attorney to file judgment, pre-signed affidavit of confession, mandatory NY/DE/NJ venue clause, jury-trial waiver, attorneys-fees-on-collection clause, and arbitration carve-outs that exempt collection actions from arbitration. The realistic merchant playbook: (1) Request the full Receivables Purchase Agreement PDF before signing, not just the term sheet; (2) Search the PDF for the phrases 'confession of judgment', 'irrevocable power of attorney', 'waive any right to notice', 'pre-signed', and 'affidavit of confession'; (3) Have a commercial-finance attorney review the contract — typical cost $500 – $1,500 for a focused review materially cheaper than COJ enforcement exposure; (4) Compare side-by-side against the Bluevine LOC agreement which structurally does not include COJ provisions; (5) Negotiate COJ-clause removal as a condition of signing — most originators will remove for A-paper deals.
- If a Credibly MCA contract has a COJ-adjacent clause, what should the merchant do?
- The realistic merchant playbook as of 2026-06-30: (1) Negotiate clause removal as a condition of signing — most originators will remove COJ and COJ-adjacent clauses (irrevocable power of attorney, pre-signed affidavit) for A-paper deals where the merchant has comparable competing offers. (2) Compare against Bluevine LOC — file qualifies cleanly for Bluevine at 625+ FICO, 12+ months TIB, $10K/mo revenue floor. Bluevine LOC structurally does not include COJ provisions and is materially cheaper than Credibly MCA on APR-equivalent basis. (3) Compare against OnDeck term loan — OnDeck is a true loan product, not MCA receivables purchase; OnDeck contract templates have historically used arbitration rather than COJ enforcement architecture. (4) Compare against other MCA originators that publicly disclaim COJ usage post-2019 — most major MCA originators (Forward Financing, Rapid Finance, Fora Financial) publicly stripped COJ provisions post-NY SB 5395. (5) Engage a commercial-finance attorney — typical cost $500 – $1,500 for a focused contract review materially cheaper than COJ enforcement exposure. (6) Evaluate state-specific commercial finance disclosure rights — NY CFDL, CA SB 1235, FL HB 1353, GA SB 90, VA SB 1252, UT SB 183, MO SB 1359 each impose disclosure obligations on the funder and create state UDAP claims for non-compliance. (7) If the merchant has already signed and faces COJ enforcement, contact a commercial litigation attorney immediately — COJ enforcement is time-sensitive (typically requires motion to vacate within days of filing under CPLR 5015 or equivalent state procedure) and successful challenges have been mounted on grounds of: defective service, jurisdictional defects (post-NY SB 5395 for out-of-state defendants), contract unconscionability, and FTC Holder Rule defenses.