The specs
CrediblyHuntington Business Loan
Product typeMulti-productMulti-product
Amount range$5K – $600K$5K – $150K (Quick Loan + LOC); $10K – $500K (term); $250K – $5M (SBA 7(a))
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)APR 8% – 15.5% (term + LOC, relationship-priced); SBA Prime + 2.25 – 2.75%
Speed to fundAs fast as 4 hours24 – 72 hours (Quick Loan ≤ $150K for existing customers); 5 – 10 business days (term + LOC); 30 – 90 days (SBA)
Min time in business6 months24 months
Min monthly revenue$15,000$10,000+/mo typical for unsecured products
Min credit score550+660+
Products
- MCA
- Working capital LOC
- Short-term term loan
- Quick Loan
- Business term loans
- Business LOC
- SBA 7(a)
- SBA Express
- Equipment financing
Verdicts by use case
- Established Huntington customer in Midwest footprint with 24+ months TIB and 660+ FICO — Winner: Huntington Business Loan. As of 2026-06-28 Huntington relationship-priced business term loans and LOCs at 8 – 15.5% APR materially undercut Credibly's MCA factor 1.11 – 1.40 (effective APR 22 – 80%). Huntington's slightly more flexible FICO floor (660+ vs 680+ at peer big-banks) widens the qualifying pool meaningfully. For existing Huntington customers in OH, MI, IN, PA, IL, KY the relationship-pricing edge typically lands quotes in the 9 – 12% APR range — structurally cheaper than Credibly across most files.
- Newer business under 24 months TIB — Winner: Credibly. Huntington's 24+ months TIB floor is firm on Quick Loan, term, and LOC products. 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 within 48 hours on sub-$150K need — Winner: Tie. Credibly funds in as fast as 4 hours via the API V2 + Cloudsquare flow. Huntington Quick Loan delivers 24 – 72 hour decisioning on qualifying files for existing customers with funding 1 – 2 business days after approval — total timeline 3 – 5 business days. For genuine same-day capital needs Credibly is structurally faster; for 48 – 72 hour timelines on sub-$150K needs Quick Loan is competitive and meaningfully cheaper on cost. The tie reflects the trade-off: cost advantage to Huntington for existing customers, speed advantage to Credibly across the board.
- Sub-660 FICO merchant — Winner: Credibly. Huntington's 660+ FICO floor is more flexible than peer big-banks but still excludes merchants with personal FICO below 660. Credibly accepts 550+ FICO with B/C-paper pricing adjustments. For merchants with personal FICO between 550 and 659 Credibly is the only structural option in this pair.
- SBA 7(a) deal in the $100K – $750K range — Winner: Huntington Business Loan. Huntington is the #1 SBA 7(a) lender by unit count and runs an SBA Express channel that handles sub-$500K SBA-eligible deals efficiently. At Prime + 2.25 – 2.75% the SBA pricing is dramatically cheaper than Credibly's MCA. Huntington's SBA processing infrastructure is among the most efficient in the industry by deal count. Credibly caps at $600K MCA and doesn't offer SBA paths. For qualifying SBA-eligible deals Huntington is structurally both cheaper and operationally well-suited to high-volume SBA processing.
The honest takeaway
Credibly and Huntington 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
- Why is Huntington the #1 SBA 7(a) lender by unit count and does that matter for my application?
- Yes, materially. Huntington has invested heavily in SMB SBA infrastructure for the past decade — dedicated SBA underwriting teams, a deep CDC partnership network, and a streamlined SBA Express channel for sub-$500K files. The practical effects for a borrower: (1) more underwriter experience with edge-case SBA files (newer businesses, sub-680 FICO borrowers with strong cash flow, niche industries), (2) faster average processing times than peer banks at equivalent file sizes, (3) more flexible interpretation of SBA program guidelines on borderline files where peer banks might decline. The trade-off: at peak intake periods (typically Sept – Dec around the SBA fiscal year-end and Jan – Mar after year-end) Huntington's SBA queue can extend 60 – 90 days for non-Express files; off-peak timelines are 30 – 60 days. For SBA-eligible deals in the $100K – $500K range Huntington Express is one of the structurally best regional-bank SBA paths in the U.S. by both pricing and processing efficiency.
- Should I refinance an active Credibly MCA into a Huntington term loan 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 Huntington relationship-priced Business Term Loan at 10 – 13% APR over 36 – 60 months saves materially on cost-of-capital. Huntington's slightly more flexible FICO floor (660+ vs 680+ at peer banks) makes the refinance accessible to borrowers in the 660 – 679 band who can't qualify at Chase, WF, BofA. Huntington will pull business credit, see the active Credibly debt, and underwrite the refinance as debt consolidation. The qualifying bar is the same (660+ FICO, 24+ months TIB, $10K+/mo revenue, Huntington relationship preferred). Particularly attractive in the Midwest / Mid-Atlantic footprint where Huntington branch RMs can advocate for borderline files.
- I'm in Indianapolis with a 670 FICO and a 28-month business — can Huntington compete with Credibly on a $50K term loan?
- Yes, structurally Huntington wins on cost if your file fits. Huntington's 660+ FICO floor accepts a 670 score; 24+ months TIB clears with 28 months in business; for an Indianapolis merchant Huntington has strong branch density. Quick Loan at 10 – 14% APR on $50K over 36 months: total cost roughly $8K – $10K interest. Credibly MCA at factor 1.25 on $50K over 12 months: total cost $12.5K fixed. Huntington wins on lifetime cost by $2 – $4K and amortizes over a longer horizon with smaller monthly payments. Trade-off: Quick Loan timeline is 24 – 72 hours decisioning + 1 – 2 day funding (total 3 – 5 business days); Credibly funds same day. For merchants who can wait 3 – 5 business days Huntington is structurally the better choice; for genuine same-week capital needs Credibly's same-day funding may justify the cost premium.