The specs
CrediblyFirst Republic Bank Business Loan (now JPMorgan Chase)
Product typeMulti-productMulti-product
Amount range$5K – $600KHistorically $100K – $25M+ (term + LOC + CRE + middle-market); now routed through JPMorgan Chase Business Banking and Commercial Banking
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)Historically Prime + 1.0 – 3.5% (relationship-priced for high-net-worth and professional-service clients); now JPMorgan Chase Business Banking standard pricing 8 – 14% APR (term + LOC)
Speed to fundAs fast as 4 hoursHistorically 7 – 21 business days for the full relationship-banking flow; now JPMorgan Chase Business Banking standard 7 – 14 business days
Min time in business6 months24 months
Min monthly revenue$15,000$25,000+/mo typical (legacy First Republic threshold; JPMorgan Chase Business Banking is similar)
Min credit score550+700+
Products
- MCA
- Working capital LOC
- Short-term term loan
- First Republic franchise is now part of JPMorgan Chase as of May 2023 acquisition
- Legacy First Republic products (Eagle 100 Business Banking, professional-service-firm banking, high-net-worth-tied business banking) are integrated into JPMorgan Chase or wound down
- Current available paths through JPM Chase: Business term loans
- Business LOC
- SBA 7(a)
- Commercial real estate
- Private banking-linked business banking for high-net-worth principals
- Treasury management
Verdicts by use case
- SMB searching for First Republic Bank business loan today (2026) — Winner: Tie. As of 2026-06-28 First Republic Bank no longer exists as an independent entity. The May 2023 FDIC seizure and JPMorgan Chase acquisition ended the standalone bank — the brand is wound down and the franchise is integrated into JPMorgan Chase. SMBs searching for 'First Republic Bank business loan' should apply directly through JPMorgan Chase Business Banking or Chase Commercial Banking. The relevant 2026 comparison is Credibly vs Chase Business Banking — see /compare/credibly-vs-chase-business-loan-detailed for the structurally accurate pairwise comparison. This page exists to clarify the brand transition; the underlying capital-stack decision is between Credibly and Chase.
- Legacy First Republic high-net-worth client whose private banking relationship was preserved within JPM Chase Private Bank — Winner: First Republic Bank Business Loan (now JPMorgan Chase). Legacy First Republic clients whose relationships transferred into JPMorgan Chase Private Bank retain access to the most preserved version of the original First Republic high-touch model — JPM Chase Private Bank pricing for legacy First Republic high-net-worth clients can land at Prime + 1.5 – 3.0% on Lombard / portfolio-secured business loans, materially cheaper than Credibly's MCA factor 1.11 – 1.40. For the narrow segment of legacy First Republic high-net-worth clients with preserved JPM Chase Private Bank relationships the bank channel is structurally the only sensible option vs Credibly. New applicants without legacy First Republic history cannot access this pricing tier.
- Professional-service-firm (law firm, medical practice, wealth management firm) that was previously a First Republic client and seeking continued specialized banking — Winner: First Republic Bank Business Loan (now JPMorgan Chase). JPMorgan Chase has substantially preserved the professional-service-firm banking vertical that First Republic excelled at — Chase Professional Practice Banking and Chase Private Bank cover the law-firm and medical-practice segments. Relationship-priced lending for qualifying professional-service firms at 7 – 11% APR materially undercuts Credibly's MCA structure. For qualifying professional-service firms the JPM Chase channel is structurally the only sensible option vs Credibly. Note: many legacy First Republic professional-service-firm clients departed to other banks post-acquisition; if your firm is in this segment evaluate Chase, Bank of America Private Bank, Goldman Sachs Private Bank, and any regional private-banking alternative before committing.
- Generic SMB without high-net-worth principals or professional-service firm specialization — Winner: Credibly. For generic SMBs without high-net-worth principals, professional-service firm specialization, or legacy First Republic relationship history, JPMorgan Chase Business Banking standard product set is the relevant comparison — see /compare/credibly-vs-chase-business-loan-detailed. The legacy First Republic high-touch pricing and RM coverage are not accessible to generic SMB applicants. For sub-7-day capital needs Credibly's 4-hour funding remains structurally faster than any Chase channel. For sub-680 FICO or thin-file merchants Credibly remains the only structural option.
- Need cash this week — Winner: Credibly. Credibly funds in as fast as 4 hours via the API V2 + Cloudsquare flow. Neither legacy First Republic nor the current JPMorgan Chase Business Banking flow has a sub-week funding channel for SMB-scale applicants. For genuine same-week capital needs Credibly is materially faster and structurally the only option in this pair on a sub-5-day timeline.
The honest takeaway
Credibly and First Republic Bank Business Loan (now JPMorgan Chase) 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
- Can I still apply for a First Republic Bank business loan in 2026?
- No. First Republic Bank was seized by the FDIC on May 1, 2023 and substantially all assets and deposits were acquired by JPMorgan Chase on the same day. The First Republic brand has been wound down and the franchise is integrated into JPMorgan Chase. SMBs searching for 'First Republic Bank business loan' in 2026 should apply directly through JPMorgan Chase Business Banking, Chase Commercial Banking, or Chase Private Bank (depending on your relationship tier). The relevant 2026 comparison for most SMB borrowers is Credibly vs Chase Business Banking — see /compare/credibly-vs-chase-business-loan-detailed for the structurally accurate pairwise analysis. Legacy First Republic high-net-worth clients whose private banking relationships transferred into JPMorgan Chase Private Bank should contact their preserved JPM Chase Private Bank RM directly for continued relationship-banking access.
- I was a First Republic professional-service-firm client before the May 2023 collapse — what are my options now?
- You have three realistic paths in 2026. (1) Stay within JPMorgan Chase — Chase has substantially preserved the professional-service-firm banking vertical that First Republic excelled at through Chase Professional Practice Banking and Chase Private Bank. Pricing for qualifying law firms, medical practices, and wealth management firms can land at 7 – 11% APR relationship-priced, similar to the legacy First Republic pricing. Many legacy First Republic clients found this acceptable and stayed within the Chase ecosystem. (2) Move to a direct competitor private bank — Bank of America Private Bank, Goldman Sachs Private Bank, Morgan Stanley Wealth Management, J.P. Morgan Private Bank (separate from Chase Business Banking), or regional alternatives like SVB Private (now First Citizens Private). Some legacy First Republic clients departed during 2023 – 2024 because the post-acquisition service experience differed from the high-touch standalone First Republic culture. (3) Move to a regional private-banking alternative — for CA-based legacy First Republic clients, options include Bank of the West (now BMO), Mechanics Bank, City National Bank (now an RBC subsidiary). For NY-based clients, options include Signature Bank successor (now NYCB / Flagstar) or smaller boutique private banks. For most professional-service firms the comparison is no longer Credibly vs First Republic but Chase Professional Practice Banking vs the competitive private-banking landscape — Credibly's MCA structure remains structurally incompatible with professional-service-firm cash flow patterns at any tier.
- Did the First Republic collapse affect SBA 7(a) loans that First Republic had originated?
- No — existing SBA 7(a) loans originated by First Republic were transferred to JPMorgan Chase as part of the May 2023 acquisition and continue to be serviced under their original terms. SBA loan agreements survive bank acquisitions per standard FDIC and SBA practice. For SBA borrowers with existing First Republic SBA 7(a) loans: (1) your loan terms are unchanged, (2) servicing is now handled by JPMorgan Chase's SBA team, (3) any escrow, collateral, and reporting obligations are unchanged, (4) refinance or modification requests go through JPM Chase's standard SBA processes. For new SBA 7(a) applications in 2026, JPMorgan Chase is a top-25 SBA lender with PLP authority and continues to originate SBA loans on the standard 30 – 75 day Chase SBA timeline. The transition from First Republic SBA to Chase SBA was operationally smooth for most borrowers, though some legacy First Republic clients reported reduced RM-level high-touch responsiveness relative to the standalone First Republic SBA team. Credibly does not offer SBA channels at any tier, so the structural comparison for SBA-eligible borrowers remains Chase SBA vs other PLP SBA lenders (Live Oak Bank, Newtek, Wells Fargo SBA, Bank of America SBA), not Chase vs Credibly.