The specs
CrediblyThe LCF Group
Product typeMulti-productMCA
Amount range$5K – $600K$5K – $500K
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)Factor 1.22 – 1.45 depending on paper grade and position
Speed to fundAs fast as 4 hours24 – 48 hours after approval
Min time in business6 months6 months
Min monthly revenue$15,000$15,000
Min credit score550+550+
Products
- MCA
- Working capital LOC
- Short-term term loan
- MCA (1st, 2nd, 3rd position)
- Renewal funding
- Reverse consolidation
Verdicts by use case
- Clean A-paper merchant (550+ FICO, 6+ months, single position) — Winner: Credibly. Credibly's A-paper factor band (1.11 – 1.25) and 4-hour API V2 + Cloudsquare funding is materially cheaper and faster than The LCF Group's 1.22 – 1.45 factor. On a $100K deal, the cost differential typically runs $11K – $20K.
- Distressed merchant stacked across 3+ existing MCA positions — Winner: The LCF Group. Credibly declines stacked files outright. The LCF Group's reverse-consolidation product specifically targets merchants stacked across 3+ existing daily debits — collapsing multiple payments into a single advance with one consolidated daily payment. For genuinely distressed stacked files needing cash-flow rescue, LCF's reverse consolidation is one of the few legitimate options. Credibly cannot serve this use case.
- Larger deal size ($500K+) — Winner: Credibly. Credibly underwrites up to $600K with consistent execution. LCF caps at $500K and consistency at the top of the range varies. For larger clean files, Credibly is slightly more predictable, though both compete in the $100K – $400K band.
- 2nd or 3rd position MCA on B/C-paper — Winner: The LCF Group. Credibly is first-position-preferred. LCF underwrites 2nd and 3rd position MCA deliberately as a product, with long broker-channel tenure and competitive ISO commission tiers. For files with existing positions needing additional capital, LCF is in the cascade where Credibly isn't.
- Counterparty diligence — COJ and NY-domicile risk — Winner: Credibly. Credibly's contract structure does not rely on Confession of Judgment provisions. The LCF Group, as a long-tenured NY-domiciled MCA originator, has historically included COJ provisions in contracts — 2019 NY legislation banned COJ enforcement against out-of-state merchants and 2024 – 2025 state legislation further constrained practical enforcement, but the contract language often still includes COJ-style provisions. For merchants who want simpler contract risk, Credibly is structurally cleaner.
The honest takeaway
Credibly and The LCF Group 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
- What is The LCF Group's reverse consolidation product?
- Reverse consolidation is a specific MCA structure designed for merchants stacked across 3+ existing positions, where combined daily debits have become unmanageable. LCF advances enough capital to pay off the existing 3 – 5 positions, then collapses the merchant's daily payment obligation into a single new debit at a typically-higher single factor than any individual original position. The use case is cash-flow rescue — the merchant trades a higher total cost for a single, more manageable daily payment that prevents NSF cascades. It's not a cheaper option; it's a cash-flow restructuring option. Done badly, it can extend the distress; done well in coordination with revenue stabilization, it can prevent default.
- My broker presented The LCF Group at 1.34 factor — should I shop Credibly first?
- Yes, always, if the file is single-position or 2nd-position with reasonable cash flow. For A or upper-B paper (550+ FICO, 6+ months TIB, clean bank statements), Credibly will likely quote 1.22 – 1.30 — saving 4 – 12 points of factor. LCF's 1.34 typically reflects broker commission markup on top of B/C-paper risk pricing. Push for a written Credibly quote before accepting LCF. The exception: if the file is genuinely stacked across 3+ positions and needs reverse consolidation, Credibly cannot serve and LCF's reverse-consolidation product is the relevant comparison set.
- Does The LCF Group still file Confessions of Judgment?
- Contract language often still includes COJ provisions, but practical enforcement has materially narrowed. 2019 NY legislation banned COJ enforcement against out-of-state merchants; subsequent NJ and CA legislation added further constraints. 2024 – 2025 state legislation further constrained the over-collection and post-payoff COJ filings that drove earlier NY AG enforcement actions across the NY MCA industry. Practical risk in 2026 is meaningfully lower than 2019 — but always have an MCA attorney review the contract's COJ jurisdiction clause before signing, especially on advances over $50K. Credibly's structure does not rely on COJ at all.