The specs
CrediblyYellowstone Capital
Product typeMulti-productMCA
Amount range$5K – $600K$5K – $400K
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)Factor 1.25 – 1.49 depending on paper grade
Speed to fundAs fast as 4 hoursSame-day to 24 hours on approved files
Min time in business6 months4 months
Min monthly revenue$15,000$10,000
Min credit score550+500+
Products
- MCA
- Working capital LOC
- Short-term term loan
- MCA (1st, 2nd, 3rd, 4th position)
Verdicts by use case
- Clean A-paper merchant (revised view 2026) — Winner: Credibly. Credibly's A-paper factor band (1.11 – 1.25) and 4-hour API V2 + Cloudsquare funding (March 2026) is materially further ahead of Yellowstone today than at the original comparison's writing — Credibly's operational improvements over the last 18 months widened the gap on clean files. Yellowstone's 1.25 – 1.49 factor still reflects deeply distressed C/D-paper distribution math; A-paper files placed there are dramatically overpriced.
- Deeply distressed C/D-paper file (4+ stacks, NSFs) — Winner: Yellowstone Capital. Even post-restructuring, Yellowstone (now operating under Delta Bridge / Cloudfund affiliated umbrella) remains one of the only funders that will look at files with 4+ existing positions, recent NSFs, or short trading history. Credibly's 550+ FICO and first-position preference declines these outright. For genuinely distressed files, Yellowstone is sometimes the only path.
- Counterparty risk in 2026 — revised assessment — Winner: Credibly. Updated view: the 2020 – 2022 NY AG settlements forced Yellowstone to restructure and operate under new entity names (Delta Bridge / Cloudfund), and 2024 – 2025 state legislation (NY, NJ, CA) further constrained the COJ practices that drove the original enforcement actions. The current operating entity is more disciplined than peak-2019 Yellowstone — but the multi-rebrand history still creates real counterparty uncertainty vs Credibly's continuous direct-lender operation.
- Newer business (4 – 6 months TIB) — Winner: Yellowstone Capital. Yellowstone accepts 4+ month TIB. Credibly requires 6+. For 4 – 5 month TIB merchants, Yellowstone is the only path in this pair. Most newer merchants should wait the extra month or two to access Credibly's materially better pricing.
- Lowest cost (any paper grade where both compete) — Winner: Credibly. Credibly is meaningfully cheaper across every paper grade where both funders compete. Yellowstone's pricing premium reflects genuinely riskier underwriting plus higher portfolio loss rates plus the cost of operating under a restructured entity post-settlement; it isn't a markup but it is real cost to the merchant. Files that can clear Credibly should never see Yellowstone.
The honest takeaway
Credibly and Yellowstone Capital 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 this comparison labeled 'revised' — what changed since the original credibly-vs-yellowstone-capital page?
- Three updates: (1) Credibly shipped API V2 + Cloudsquare integration in March 2026 — 4-hour funding on clean files is now the baseline, materially widening the operational gap. (2) Yellowstone's restructuring into Delta Bridge / Cloudfund affiliated entities is now 4+ years post-settlement; the current operating entity is more disciplined than peak-2019 Yellowstone but the rebrand history still matters for counterparty assessment. (3) 2024 – 2025 state legislation (NY, NJ, CA) constrained the COJ and over-collection practices that drove the original NY AG actions — practical risk to merchants today is lower than at the original page's writing, though not zero.
- Does the post-restructuring Yellowstone still file Confessions of Judgment?
- Practice has materially narrowed. 2019 NY legislation banned COJ enforcement against out-of-state merchants; subsequent NJ and CA legislation added further constraints. The current Delta Bridge / Cloudfund-affiliated entities have reportedly stopped the post-payoff COJ filings that drove the 2020 – 2022 NY AG settlements. But MCA contracts in this band typically still include COJ-style provisions, and enforcement in NY-domiciled merchant contracts remains technically available. Practical risk in 2026 is meaningfully lower than 2019 — but always have an MCA attorney review any Yellowstone-family contract over $50K, especially the COJ jurisdiction clause.
- If Yellowstone is now safer post-restructuring, why is Credibly still the recommendation?
- Cost, not counterparty alone. Even with a more disciplined operating entity, Yellowstone's pricing on any file that overlaps with Credibly's underwriting box (550+ FICO, 6+ months TIB, single position) runs 15 – 25 points of factor higher than Credibly's quote. That premium reflects Yellowstone's portfolio loss math, not a markup that disappears with better behavior. Counterparty safety has improved; the cost gap hasn't. Files that can clear Credibly should clear Credibly. Yellowstone remains the deep-paper cascade option for files Credibly genuinely won't fund.