I need $1M and have 24 months TIB at 700 FICO — which?

Mulligan. Credibly's $600K cap declines you outright at the requested size. Mulligan's $2M cap accommodates the deal. Get a written term sheet before paying any underwriting fees — factor at $1M tier will be deal-specific.

I'm at $20K/mo with 540 FICO and 12 months TIB — which?

Mulligan. Credibly's 550+ FICO floor declines you. Mulligan's 525+ floor accepts you, though expect a 1.40+ factor at that file grade. Treat as bridge capital and build credit aggressively for the next round.

Why isn't Mulligan as well-known as Credibly or OnDeck?

Quieter brand strategy. Mulligan operates direct-to-ISO and direct-to-merchant without big consumer marketing spend. $1B+ deployed since 2008 puts them in the mid-tier alongside Lendr and Kalamata — not as large as Credibly ($3B+) but real scale. Underwriting depth on B-paper is meaningful; read the contract carefully on reconciliation + clawback terms.

Credibly vs Mulligan Funding — honest comparison 2026

Both fund small businesses. They solve different problems. Here's the honest side-by-side, then five use-case verdicts so you don't have to guess.

The specs

CrediblyMulligan Funding

Product typeMulti-productMulti-product

Amount range$5K – $600K$5K – $2M (across products)

Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)Factor 1.20 – 1.49 (MCA); APR varies on term loan + LOC

Speed to fundAs fast as 4 hoursFunding in 24 – 48 hours after underwriting

Min time in business6 months9 months

Min monthly revenue$15,000$10,000

Min credit score550+525+

Products

MCA
Working capital LOC
Short-term term loan

Short-term business loan
MCA
Working capital LOC

Verdicts by use case

Speed to fund — Winner: Credibly. Credibly funds in as fast as 4 hours after approval. Mulligan Funding takes 24 – 48 hours after underwriting. Credibly wins on emergency speed.
Larger deal size ($600K+) — Winner: Mulligan Funding. Mulligan funds up to $2M across products. Credibly caps at $600K. For sizable capital needs, Mulligan wins outright.
Lower FICO floor — Winner: Mulligan Funding. Mulligan accepts 525+ FICO. Credibly typically wants 550+. Sub-550 FICO merchants are Mulligan-only in this pair.
Newer business (6 – 9 months) — Winner: Credibly. Credibly will look at 6+ months TIB. Mulligan wants 9+ months. Sub-9-month merchants are Credibly-only.
Most modern submission UX for ISOs — Winner: Credibly. Credibly's March 2026 API V2 + free Cloudsquare integration is the most modern submission stack in the MCA market. Mulligan uses a traditional ISO portal — functional but not cutting-edge.

The honest takeaway

Credibly and Mulligan 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

I need $1M and have 24 months TIB at 700 FICO — which?: Mulligan. Credibly's $600K cap declines you outright at the requested size. Mulligan's $2M cap accommodates the deal. Get a written term sheet before paying any underwriting fees — factor at $1M tier will be deal-specific.
I'm at $20K/mo with 540 FICO and 12 months TIB — which?: Mulligan. Credibly's 550+ FICO floor declines you. Mulligan's 525+ floor accepts you, though expect a 1.40+ factor at that file grade. Treat as bridge capital and build credit aggressively for the next round.
Why isn't Mulligan as well-known as Credibly or OnDeck?: Quieter brand strategy. Mulligan operates direct-to-ISO and direct-to-merchant without big consumer marketing spend. $1B+ deployed since 2008 puts them in the mid-tier alongside Lendr and Kalamata — not as large as Credibly ($3B+) but real scale. Underwriting depth on B-paper is meaningful; read the contract carefully on reconciliation + clawback terms.