The 60-second answer
All three of these funders are squarely in the B-paper space — meaning they price for merchants who don't qualify for A-paper (sub-1.18 factor on $50K+ advances) but are materially better than the C-paper underground (1.40+ factors, weekly ACH, brutal reconciliation).
- Credibly — best pricing on the spectrum (1.16–1.28), strongest published prepayment discount, most transparent factor disclosure. Best fit for a B-paper merchant who plans to pay off early or wants the cleanest contract.
- Accord Business Funding — middle pricing (1.18–1.32), best formal reconciliation policy of the three. Best fit for cyclical or seasonal merchants who want a documented hardship path if revenue drops.
- GreenBox Capital — highest pricing on average (1.22–1.38) but the most permissive underwriting. Best fit for borderline-credit merchants, restaurants in the 6–12 month TIB window, or merchants who've already been declined by Accord and Credibly.
Credibly — the pricing leader for B-paper
Credibly is one of the few mid-market MCA funders that publishes their prepayment discount schedule on the actual contract. That single fact tells you more about their merchant-friendliness posture than anything in their marketing.
Typical 2026 economics
- Factor: 1.16–1.28 typical, 1.32 on weaker B-paper
- Advance size: $5,000 – $400,000
- Term: 3–18 months
- Repayment: daily ACH (5 days/week), weekly available on stronger files
- Prepayment discount: published schedule, 3–8% off unpaid factor
- Funding speed: 24–48 hours typical, same-day on renewals
- FICO floor: 550 (typical approvals at 600+)
- Time in business: 6 months minimum
- Monthly revenue minimum: $15,000
Where Credibly pulls ahead
- Best-in-class prepayment discount — written into the contract
- Transparent factor disclosure — the offer email includes APR-equivalent
- Renewal-friendly — 50%-paid merchants see auto-offers at improved terms
- Tighter underwriting model — fewer surprise declines after offer
Where Credibly is weaker
- Strict on stacking — typically declines 2nd-position
- Less flexibility on borderline restaurant TIB files
- Reconciliation is informal — no published policy
Accord Business Funding — the reconciliation specialist
Accord has built a reputation for being one of the only mid-market MCA funders with a formal, published reconciliation policy. For seasonal merchants — restaurants in summer slumps, contractors in winter, retailers in January — that policy can be the difference between surviving the cycle and defaulting.
Typical 2026 economics
- Factor: 1.18–1.32 typical, 1.36 on weaker files
- Advance size: $10,000 – $500,000
- Term: 4–18 months
- Repayment: daily ACH, weekly available on $100K+ advances
- Prepayment discount: case-by-case, no published schedule
- Funding speed: 24–72 hours typical
- FICO floor: 580
- Time in business: 6 months minimum
- Monthly revenue minimum: $20,000
Where Accord pulls ahead
- Formal reconciliation policy — if monthly card revenue drops >25% vs trailing 8 weeks, you can file a recalculation request. Most B-paper funders don't offer this.
- Strong on seasonal industries (restaurants, retail, contractors)
- Cleaner contract language than most B-paper competitors
- Account management — assigned reps stay with the merchant across renewals (rare in MCA)
Where Accord is weaker
- Pricing not as aggressive as Credibly on the best B-paper files
- Funding speed slightly slower than Credibly on first-time merchants
- Declines 2nd-position stacks consistently
GreenBox Capital — the borderline-file fallback
GreenBox is more permissive on underwriting than Accord or Credibly, which is both its biggest selling point and its biggest watch-out. They'll fund files that the other two decline — but the pricing reflects the additional risk.
Typical 2026 economics
- Factor: 1.22–1.38 typical, 1.42 on the weakest C+ files they'll touch
- Advance size: $3,000 – $500,000
- Term: 3–18 months
- Repayment: daily ACH standard, weekly available on $75K+ deals
- Prepayment discount: rare, sometimes negotiable on request
- Funding speed: 24–48 hours typical, sometimes same-day on re-ups
- FICO floor: 500 (typical approvals at 550+)
- Time in business: 4 months minimum (most permissive of the three)
- Monthly revenue minimum: $7,500
Where GreenBox pulls ahead
- Will fund 6–12 month TIB merchants that Accord and Credibly decline
- Will sometimes 2nd or 3rd position (with appropriately higher pricing)
- Lower revenue floor — funds smaller and earlier-stage businesses
- Fast renewal cycle on performing merchants
Where GreenBox is weaker
- Highest pricing of the three on equivalent files
- Reconciliation is strictest — daily ACH is expected to clear regardless
- Less merchant transparency in offer disclosure
Head-to-head: $75,000 advance for a 14-month-old restaurant
Merchant: 615 FICO owner, $42K/month revenue, 70% card processing, no open MCAs, clean NSF history.
- Credibly — likely offer ~$75K at 1.22, 12-month term, $91,500 total payback, ~$363/day ACH. Prepayment discount of 4% if paid off in month 6 saves ~$2,000.
- Accord — likely offer ~$75K at 1.24, 12-month term, $93,000 total payback, ~$369/day ACH. Reconciliation available if winter revenue dips below 75% of trailing average.
- GreenBox — likely offer ~$75K at 1.28, 12-month term, $96,000 total payback, ~$381/day ACH. No prepayment discount; reconciliation only in extreme hardship.
The headline factor spread ($4,500 difference between cheapest and most expensive) isn't the whole picture. If you're a seasonal restaurant facing predictable winter dips, the reconciliation flexibility at Accord may be worth more than the factor savings at Credibly. If you plan to pay off in 6 months, Credibly wins on the prepayment math. If you've been declined by the other two, GreenBox is the rational fallback.
Decision framework — pick by merchant profile
- Clean B-paper, plans to pay off early, wants transparency? Credibly. Best price + best prepayment discount.
- Seasonal industry, worried about a revenue dip? Accord. Reconciliation policy is real and documented.
- Declined by other funders, or 6–12 month TIB? GreenBox. Most lenient on underwriting; expect the pricing premium.
- Already have one open MCA? All three will weigh this against you. Greenbox is most likely to fund a 2nd position; Credibly and Accord typically decline. Be honest with the broker either way — stacking detection has gotten extremely sophisticated.
The watch-outs on all three
- Broker markup risk — these funders pay 6–14% commission to brokers. Your quoted factor may include a markup. Always ask the broker for the funder's actual quote, not the broker's "buy rate."
- Renewal pressure — all three will solicit a renewal the moment you hit 50% paid. Decline by default. Only renew when you have a documented use of funds.
- Confession of judgment — none of the three use COJs in NY (banned since 2019). Outside NY, COJ language sometimes appears in fine print. Read it.
- Personal guarantee — yes, on all three. There is no non-recourse MCA in this tier.
Frequently asked questions
- Which one is cheapest on a clean B-paper file?
- Credibly is typically cheapest on B-paper (1.16–1.28 factor range), with the best published prepayment discount of the three. Accord is next (1.18–1.32), GreenBox is usually highest (1.22–1.38) but is the most likely to fund borderline files that Accord and Credibly decline.
- Do any of them offer real prepayment discounts?
- Credibly has the best — published discount schedule that scales with how early you pay (3–8% on the unpaid factor depending on remaining term). Accord offers prepayment savings on request but doesn't publish a schedule. GreenBox typically doesn't discount prepayment.
- How does each handle reconciliation if revenue drops?
- Accord has a formal reconciliation policy — if monthly card revenue drops more than 25% versus a trailing 8-week average, you can request a daily-payment recalculation. Credibly will work with you on revenue dips but it's case-by-case. GreenBox tends to be the strictest — they expect the daily ACH to clear regardless of revenue fluctuations.
- Which one will fund the deepest stack?
- GreenBox will sometimes 3rd-position behind two existing MCAs. Credibly will sometimes 2nd-position. Accord typically refuses 2nd+ position. None of them market stacking publicly because the merchant default rate explodes after the second open position.
- What's a realistic time to fund on a clean file?
- Credibly: same-day to next-day for renewals, 24–48 hours for new merchants. Accord: 24–72 hours typical. GreenBox: 24–48 hours, sometimes same-day for re-up merchants. All three are dramatically faster than bank or SBA paths.