The specs
CrediblyChase Business Loan
Product typeMulti-productMulti-product
Amount range$5K – $600K$5K – $500K (term + LOC); $250K – $25M (SBA 7(a) / 504)
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)APR 6.5% – 13% (relationship-priced term + LOC); SBA Prime + 2.25 – 2.75%
Speed to fundAs fast as 4 hours5 – 10 business days (term + LOC); 30 – 90 days (SBA)
Min time in business6 months24 months
Min monthly revenue$15,000$25,000+/mo typical for unsecured products
Min credit score550+680+
Products
- MCA
- Working capital LOC
- Short-term term loan
- Business term loans
- Business LOC
- SBA 7(a)
- SBA 504
- Equipment financing
- Commercial real estate
Verdicts by use case
- Established Chase Business Banking customer with 24+ months TIB and 680+ FICO — Winner: Chase Business Loan. As of 2026-06-28 Chase relationship-priced business term loans and LOCs at Prime + 1 – 5% (effective APR 6.5 – 13%) are materially cheaper than Credibly's MCA factor 1.11 – 1.40 (effective APR 22 – 80%). For merchants who clear Chase's underwriting bar AND carry an existing Chase Business Banking deposit relationship, Chase is structurally the cheapest cost of capital in this pair. The relationship-pricing edge is real — RM-priced deals can come in 100 – 200 bps below the published rack rate.
- Newer business under 24 months TIB — Winner: Credibly. Chase's 24+ months TIB floor is hard — sub-2-year merchants are auto-declined on business term loan and LOC products regardless of credit profile or revenue. 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, even at the cost premium.
- Need cash this week — Winner: Credibly. Credibly funds in as fast as 4 hours via the API V2 + Cloudsquare flow; first-deal funding typically lands within the same business day. Chase's bank-style underwriting takes 5 – 10 business days minimum on term + LOC products and 30 – 90 days on SBA paths — the timeline is non-negotiable because of the institutional underwriting and compliance review process. For genuine same-week capital needs Chase isn't an option regardless of the merchant's relationship history.
- Sub-680 FICO merchant — Winner: Credibly. Chase's 680+ FICO floor is firm for unsecured products — merchants with personal FICO between 550 and 679 are typically declined on Chase business loan and LOC products. Credibly accepts 550+ FICO with B/C-paper pricing adjustments. For merchants in that credit band Credibly is the only structural option in this pair.
- Larger SBA-eligible deal ($500K+) with patient timeline — Winner: Chase Business Loan. Chase originates SBA 7(a) and 504 loans up to $5M (7(a)) and $25M+ (504 with CDC participation) at Prime + 2.25 – 2.75% — by far the cheapest cost of capital available for SMB borrowers willing to absorb the 30 – 90 day timeline and documentation burden. Credibly caps at $600K MCA. For genuinely large capital deployments with patient timelines Chase SBA is structurally the only option in this pair.
The honest takeaway
Credibly and Chase Business Loan 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 have a Chase Business Banking account but my FICO is 660 — does the relationship help me qualify?
- Modestly, not enough to clear the 680 floor. Chase's underwriting bar on unsecured business term loan and LOC products is 680+ FICO regardless of deposit-relationship history. The relationship signal helps on pricing (qualifying borrowers see 50 – 150 bps better than rack rate) and reduces documentation friction, but doesn't move the credit floor. For a 660 FICO merchant with a Chase relationship the realistic paths are: (1) wait 6 – 12 months while building credit toward 680, (2) apply with a co-borrower whose FICO clears the bar, (3) take a Credibly MCA now and use the working capital to drive revenue growth that supports a future Chase application, or (4) pursue SBA 7(a) through Chase, where the FICO floor is more flexible (640+ with strong business cash flow can qualify) — though SBA adds 30 – 90 days to the timeline.
- Should I refinance an active Credibly MCA into a Chase term loan once I qualify?
- Yes, if the math works. A typical Credibly MCA at factor 1.25 with 8 months remaining on a 12-month payback carries an APR-equivalent of 35 – 50%. Refinancing into a Chase relationship-priced term loan at 9 – 12% APR over 36 – 60 months saves materially on cost-of-capital and converts the high-frequency MCA debit to a manageable monthly amortization. Chase will pull business credit, see the active Credibly debt, and underwrite the refinance as a debt-consolidation use of proceeds — disclose proactively. The qualifying bar is the same (680+ FICO, 24+ months TIB, $25K+/mo revenue, Chase relationship preferred). Many MCA-to-bank-term refinance scenarios are exactly this trajectory: take the MCA to bridge through the bank-qualification window, then refinance into bank pricing once trading history and credit support the application.
- What documentation does Chase require for a $250K business term loan that Credibly doesn't?
- Materially more. Credibly's bank-statement underwriting on a $250K MCA typically requires: 4 – 6 months bank statements, DL + voided check, basic application data, optionally tax returns for larger files. Chase's $250K term loan typically requires: 3 years business tax returns, 2 years personal tax returns, current YTD profit-and-loss statement, balance sheet, debt schedule, business plan or use-of-proceeds narrative, personal financial statement for all owners 20%+, articles of organization / operating agreement, and supporting documentation for any collateral pledged. The documentation gap explains the timeline gap (5 – 10 days vs same-day) and the pricing gap (9 – 12% APR vs 35 – 50% APR-equivalent). For merchants whose books and tax returns are clean the Chase documentation burden is mostly time, not difficulty — the deeper financials package is what unlocks the bank pricing.