The specs
CrediblyLibertas Funding
Product typeMulti-productMCA
Amount range$5K – $600K$10K – $5M
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)Factor 1.20 – 1.49 depending on paper grade and position
Speed to fundAs fast as 4 hours24 – 48 hours after underwriting
Min time in business6 months12 months
Min monthly revenue$15,000$30,000+/mo
Min credit score550+550+
Products
- MCA
- Working capital LOC
- Short-term term loan
- MCA (1st / 2nd position)
- Equipment financing
Verdicts by use case
- Mid-large MCA deal ($250K – $1M+) — Winner: Libertas Funding. Libertas Funding specializes in larger MCA placements — $250K is comfortable, $1M+ is regular, with deal capacity up to $5M. Credibly's MCA cap is $600K and consistency at the top of that range is good but not specifically built for $1M+ files. For genuinely large MCA placements Libertas has the balance sheet and underwriting depth that Credibly doesn't lean into.
- Standard A-paper deal $50K – $250K — Winner: Credibly. Credibly's A-paper factor band (1.11 – 1.25) typically undercuts Libertas's 1.20 – 1.49 range on standard-size files, and Credibly's 4-hour API V2 + Cloudsquare funding (March 2026) is materially faster than Libertas's 24 – 48 hour timeline. For deal sizes inside Credibly's sweet spot Credibly wins on price and speed.
- Stacked 2nd-position file — Winner: Libertas Funding. Credibly is first-position-preferred and declines most stacked files. Libertas Funding deliberately underwrites 2nd position MCA on $30K+/mo revenue merchants. For files needing additional capital alongside an existing 1st position, Libertas is in the cascade where Credibly isn't.
- Higher revenue floor merchant ($30K+/mo) — Winner: Libertas Funding. Libertas's $30K+/mo revenue floor is built for larger merchants; the funder's pricing and underwriting depth optimize for that segment. Credibly's $15K+/mo floor is wider but the higher-revenue file may get more competitive pricing at Libertas's mid-large desk than at Credibly's general-purpose MCA desk.
- Equipment financing alongside MCA — Winner: Libertas Funding. Libertas offers equipment financing alongside its MCA product, allowing a combined-product structure for capital-intensive merchants. Credibly's product mix is MCA + LOC + short-term term loan — no equipment financing. For merchants needing both working capital and equipment, Libertas covers both with one funder relationship.
The honest takeaway
Credibly and Libertas 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
- When does Libertas Funding actually beat Credibly on a clean file?
- Two scenarios. (1) Deal size $500K+, where Libertas's mid-large desk and $5M cap give pricing depth Credibly's $600K cap doesn't reach. (2) Stacked 2nd-position files at $30K+/mo revenue, where Credibly declines outright and Libertas underwrites as a published product. For standard A-paper deals $50K – $250K on a first-position file, Credibly typically wins on factor (often 8 – 24 points cheaper) and speed (4 hours vs 24 – 48 hours).
- Is Libertas Funding's renewal economics aggressive?
- Yes, by industry-comment consensus — Libertas renewal pricing tends to retain factor margin rather than reducing it materially for repeat merchants, and renewal acceptance pressure can be higher than at A-paper specialists. Always read the renewal clause in the original contract before signing, and shop renewals competitively across at least two other funders (Credibly, Forward Financing, Kapitus) rather than defaulting to the incumbent renewal offer. Renewal shopping typically saves 4 – 10 points of factor on a same-size renewal.
- What's Libertas Funding's contract structure on a $500K placement?
- Standard MCA receivables-purchase structure with personal guarantee, daily or weekly ACH debits proportional to historical revenue, and reconciliation language tied to documented revenue decline. Libertas as a Connecticut-domiciled direct funder is not subject to NY COJ enforcement concerns that affect some NY-domiciled MCA shops. For $500K+ placements always engage an MCA attorney to review the specific reconciliation triggers, default acceleration clauses, and any cross-collateralization language before signing.