Head to head · Working capital
Credibly vs Forward Financing
Credibly is a direct funder; Forward Financing is a direct funder based in Boston, MA. Both offer working capital, merchant cash advances and term loans. Everything below comes from each funder's own website, with the date we checked it on each profile.
Side by side
- Type
- Direct funder
- Amounts
- $5K–$10M
- Min. credit
- 550+
- Time in business
- 6 months
- Min. revenue
- $20,000/mo
- Price
- Factor from 1.11 Merchant cash advance
- Speed
- As fast as 4 hours after approval
- Type
- Direct funder
- Amounts
- $5K–$500K
- Min. credit
- 500+
- Time in business
- 1 year
- Min. revenue
- $10,000/mo
- Price
- Not published
- Speed
- Same day
What's different
The differences that change your decision
Funding amounts
Credibly: $5,000 to $10 million. Forward Financing: $5,000 to $500,000.
Published minimums
Credibly lists a 550 credit score, 6 months in business and $20,000 a month in revenue. Forward Financing lists a 500 credit score, 1 year in business and $10,000 a month in revenue.
Price
Credibly: a factor rate from 1.11 on merchant cash advances. Forward Financing: no price published.
Product range
Only Credibly lists lines of credit, equipment financing and SBA loans and only Forward Financing lists revenue-based financing.
Which fits
Choose based on your file
Credibly may fit if
Consider Credibly if you've been in business at least 6 months but less than 1 year, you need more than $500,000 and you want a published price before you apply.
Full Credibly profileForward Financing may fit if
Consider Forward Financing if your credit score is between 500 and 550, your monthly revenue is below $20,000 and you need revenue-based financing.
Full Forward Financing profileWhichever you're considering, compare the dollar cost and estimated APR of real offers, not the published minimums. Compare offers side by side.
One application, many funders
Get offers from both, and more
Apply once. We match you with funders whose criteria fit, you approve each one, and every offer comes decoded side by side.
- About 3 minutes. No SSN and no bank login to start, so checking doesn't affect your credit.
- 4 months of bank statements. A specialist contacts you within 1 business day and asks for them through a secure link.
- You approve every funder before your file goes out. No cost to apply, and no obligation to accept.