The specs
CrediblySunTrust Business Loan (legacy brand, now Truist)
Product typeMulti-productMulti-product
Amount range$5K – $600KLegacy SunTrust products consolidated into Truist in December 2019. Current Truist equivalents: $10K – $100K (Truist Business Banking Express); $25K – $1M (term + LOC); $250K – $5M (SBA 7(a))
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)Current Truist pricing: APR 8% – 14% (term + LOC, relationship-priced); SBA Prime + 2.25 – 2.75%
Speed to fundAs fast as 4 hours3 – 7 business days (Express ≤ $100K, existing customers); 7 – 14 business days (term + LOC); 30 – 90 days (SBA — Truist is PLP)
Min time in business6 months24 months
Min monthly revenue$15,000$15,000+/mo typical for unsecured products
Min credit score550+680+
Products
- MCA
- Working capital LOC
- Short-term term loan
- Truist Business Banking Express
- Business term loans
- Business LOC
- SBA 7(a)
- SBA 504
- Equipment financing
- Commercial real estate
Verdicts by use case
- Former SunTrust Atlanta or Florida customer with 24+ months TIB and 680+ FICO — Winner: SunTrust Business Loan (legacy brand, now Truist). As of 2026-06-28 the current Truist Business Loan products (legacy SunTrust replacement) at 9 – 13% APR relationship-priced materially undercut Credibly's MCA factor 1.11 – 1.40 (effective APR 22 – 80%). Former SunTrust customers had their deposit-relationship history migrated to Truist RMs in 2019 – 2022 — the multi-year relationship still counts toward Truist RM pricing. For qualifying former SunTrust customers Truist (the legal successor) is structurally cheaper across most quotes, with the added benefit of Truist's top-10 SBA channel which materially exceeds legacy SunTrust's top-25 SBA capacity.
- Newer business under 24 months TIB — Winner: Credibly. Truist's 24+ months TIB floor (which applies to former SunTrust customers post-conversion) is firm. 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 this week — Winner: Credibly. Credibly funds in as fast as 4 hours via the API V2 + Cloudsquare flow. Truist's fastest channel (Business Banking Express for sub-$100K needs for existing customers) decisions in 3 – 7 business days with funding 1 – 2 business days after approval — total timeline 5 – 9 business days. For genuine same-week capital needs Credibly is materially faster. For 7 – 10 day timelines on sub-$100K needs the Truist Express channel is competitive and meaningfully cheaper.
- Sub-680 FICO merchant — Winner: Credibly. Truist's 680+ FICO floor (applied post-SunTrust conversion) is firm. Legacy SunTrust already operated relatively standardized credit-box discipline (vs BB&T's more community-banker-flexible approach), so the post-merger transition was less disruptive for former SunTrust customers in this dimension. Credibly accepts 550+ FICO with B/C-paper pricing adjustments. For merchants with personal FICO between 550 and 679 Credibly is the only structural option in this pair.
- SBA 7(a) deal in $250K – $2M range with patient timeline — Winner: SunTrust Business Loan (legacy brand, now Truist). Truist (the legal successor to SunTrust's top-25 SBA franchise plus BB&T's top-15 franchise) originates SBA 7(a) loans up to $5M at Prime + 2.25 – 2.75% as a top-10 SBA lender by dollar volume with Preferred Lender Program (PLP) authority that compresses the SBA timeline by 2 – 4 weeks. By far the cheapest cost of capital available for SMB borrowers willing to absorb the 30 – 90 day timeline. Credibly caps at $600K MCA and doesn't offer SBA paths. For qualifying SBA-eligible deals Truist is structurally the only option in this pair, with materially larger combined SBA capacity than legacy SunTrust alone.
The honest takeaway
Credibly and SunTrust Business Loan (legacy brand, now Truist) 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 had a SunTrust business loan in Atlanta or Tampa — where do I apply now?
- Your account was migrated to Truist between 2019 and 2022 (full brand retirement completed in 2022) and the multi-year SunTrust relationship history was preserved on the Truist Business Banking platform. Practical answer for 2026: there is no SunTrust business loan product — apply through Truist. For former SunTrust customers specifically: (1) your converted Atlanta or Tampa SunTrust branch is now a Truist branch with the same physical location and (in most cases) the same RM team that handled SunTrust accounts pre-conversion, (2) your deposit-relationship history counts toward Truist RM pricing — surface the SunTrust tenure in the application, (3) all current Truist products are available including Business Banking Express, standard Business Term Loan and LOC up to $1M, and SBA 7(a) up to $5M through a top-10 SBA channel with PLP authority. The expanded product line is genuinely larger than what legacy SunTrust offered, especially on SBA capacity. Atlanta-area merchants benefit from Truist's continued corporate-banking presence in the metro (legacy SunTrust Plaza in Atlanta remains a major Truist corporate office).
- Did the BB&T + SunTrust merger to form Truist change the Atlanta corporate-banking culture?
- Yes, materially. Legacy SunTrust had a distinctly Atlanta-corporate-banking culture (large-corporate relationships with Coca-Cola, Delta, Home Depot, Georgia-Pacific dating back decades), strong sports-finance and entertainment-finance specialties, and a more standardized credit-box approach than BB&T's community-banker discretion. The Truist integration moved corporate-banking headquarters functions to Charlotte (BB&T's legacy HQ), consolidated some Atlanta corporate-banking teams, and standardized credit-box approaches across the combined footprint. Practical effects for SMB borrowers: (1) Atlanta-area SMBs still have strong Truist presence with the legacy SunTrust Plaza serving as a major Truist office, (2) RM coverage in core metro Atlanta is competitive but some smaller Georgia markets have seen branch consolidations, (3) standardized credit-box discipline means less RM discretion on borderline files vs the legacy SunTrust approach, (4) SBA volume is materially larger post-merger. For qualifying borrowers Truist remains structurally competitive; for sports-finance or entertainment-finance specialty needs alternatives like CIT (legacy specialty bank) or City National Bank (entertainment-finance specialty) may be worth evaluating.
- Should I refinance an active Credibly MCA into Truist (the SunTrust successor) 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 Truist relationship-priced Business Term Loan at 9 – 13% APR over 36 – 60 months saves materially on cost-of-capital. For former SunTrust customers with preserved deposit-relationship history the Truist RM can advocate for pricing at the lower end of the relationship-priced range. Truist will pull business credit, see the active Credibly debt, and underwrite the refinance as debt consolidation — disclose proactively. For larger SBA-eligible refinances ($250K+) the Truist PLP-authority SBA 7(a) channel can absorb the existing Credibly MCA balance into a 10-year amortization at Prime + 2.5% on a compressed 30 – 60 day timeline, materially cutting blended cost-of-capital. The qualifying bar is the standard Truist credit box (680+ FICO, 24+ months TIB, $15K+/mo revenue, Truist / former SunTrust deposit relationship preferred).