A credit line gives your business quick access to working capital without tying up cash you don’t need. Use funds when it counts. Skip interest on what you don’t use.
Flexible access
Draw funds as needed. Only pay for what you pull.
Fast and online
Apply in minutes. If approved, funds are delivered directly to your account.
Help when you need it
Our team walks you through each step. No confusion. No delays.
Request a quote
As fast as 2 hours
As fast as 4 hours
Billion in financing
Small businesses financed
As fast as 2 hours
As fast as 4 hours
Billion in financing
Small businesses financed
Unlike a term loan, a business line of credit allows you to only pay interest on the amount you actually use.
For example, if a business owner has a credit limit of $150,000 but only uses $40,000, they only have to pay interest on the $40,000 draw.
Once the amount has been repaid ($40,000), the business owner can draw additional funds up to the amount of their credit limit ($150,000).
While requirements may vary, you will need:
Click "Get Started" to apply for financing.
We require certain documents from you in the approval process. Be ready with bank statements and a government-issued ID to get started.
Your application will be reviewed and you can get approved in as fast as 2 hours.
If approved, your requested financing can be transferred to your bank account as soon as the same business day.
After dealing with multiple funding companies, this is the only company that presented me an offer with no pressure or false promises. Every other company I spoke with said they could beat Credibly’s offer, but most fail short. This was my second round of funding with Credibly and they are by far the most straightforward merchant cash advance company that I could find. Wherever you go, working capital is expensive and it can be exhausting with all the calls. A lot of other companies I had to report for shopping my information around and pulling my credit without consent. Credibly presented me an offer and allowed me to breath while I made a choice I could only make for my business. Not once did they ask for other companies offers. I am hoping to not need any other cash advances in the future, but this will be the only place if I do.”
Mick Sibinovic is a man of his word. He is very responsive, informative & persistent!! He made me feel like more than just a number, which is why even with multiple other offers I still chose to go with credibly. I reached out first a couple months back and after he diligently worked hard to get me the best funding options, I turned it down. He welcomed me back with open arms this time around. Not only is he partnering with me on a short term strategy but a long term strategy as well. I’m excited to see where my business will go & grow with the help of Mick.”
I run a small business and have utilized multiple other lenders for capital as needed. This is my second time funding with Credibly. Mr. Andrew Jasina did an outstanding job in laying out options for funding. He addressed my questions and was able to find a solution that fit our needs. If you or anyone you know is looking for capital, I would strongly recommend speaking with Andrew @ Credibly.”
After dealing with multiple funding companies, this is the only company that presented me an offer with no pressure or false promises. Every other company I spoke with said they could beat Credibly’s offer, but most fail short. This was my second round of funding with Credibly and they are by far the most straightforward merchant cash advance company that I could find. Wherever you go, working capital is expensive and it can be exhausting with all the calls. A lot of other companies I had to report for shopping my information around and pulling my credit without consent. Credibly presented me an offer and allowed me to breath while I made a choice I could only make for my business. Not once did they ask for other companies offers. I am hoping to not need any other cash advances in the future, but this will be the only place if I do.”
Mick Sibinovic is a man of his word. He is very responsive, informative & persistent!! He made me feel like more than just a number, which is why even with multiple other offers I still chose to go with credibly. I reached out first a couple months back and after he diligently worked hard to get me the best funding options, I turned it down. He welcomed me back with open arms this time around. Not only is he partnering with me on a short term strategy but a long term strategy as well. I’m excited to see where my business will go & grow with the help of Mick.”
I run a small business and have utilized multiple other lenders for capital as needed. This is my second time funding with Credibly. Mr. Andrew Jasina did an outstanding job in laying out options for funding. He addressed my questions and was able to find a solution that fit our needs. If you or anyone you know is looking for capital, I would strongly recommend speaking with Andrew @ Credibly.”
Still looking for the right fit? Check out all of Credibly’s business financing options.
Credibly | Bank Loans | Credit Cards | SBA Loans | |
|---|---|---|---|---|
Funding Range | $5K-$600K | $100K | Credit dependent | Credit dependent |
Process | Pre-qualify online Soft credit pull only | Long application, credit inspection, business plan, and industry risk | Prequalify online Soft credit pull only | Long application, credit inspection, business plan, and industry risk |
Approval Time | Approval in as fast as 2 hours | Weeks-Months | Less than 30 Days | Months |
Time to Funding | as fast as 4 hours | 2-3 Months | 7-10 Business days | 60-90+ Days |
Approval Criterias | Overall business health | Credit score and collateral | Credit score | Credit score and collateral |
What’s the minimum credit score to qualify for a business line of credit in Philadelphia?
Credibly’s line of credit partners accept applications starting at 700.
We also consider your time in business, revenue, and financial health.
If you’re close to the threshold or unsure where you stand, we can help assess your eligibility and show you how to strengthen your application, or help you find other financing solutions that fit your needs.
How often can I draw from my line of credit in Philadelphia?
As often as you need. Once approved, your credit line in Philadelphia is revolving, which means you can pull funds anytime up to your limit.
Need $10K today and $5K next week? No problem. You can draw up to your limit.
Whether it’s one large purchase or several smaller ones, your credit line stays ready for whenever opportunity or challenge strikes.
Just be aware if your financing provider charges a fee for each draw, as these costs can add up.
What are the downsides of a business line of credit in Philadelphia?
It can depend on the terms of your line of credit in Philadelphia. Some lines of credit come with additional fees like a draw fee. Clarify with your financing provider about any potential fees before you get started.
Some business lines of credit don’t lock in a fixed rate, so your remittance may change based on market conditions. That means less predictability in your monthly expenses. Also, if misused, it’s easy to rack up interest on unnecessary draws.
How is a business line of credit in Philadelphia different from a loan?
A business line of credit in Philadelphia gives you access to flexible, revolving funds you can draw from as needed.
A loan, by contrast, gives you a fixed lump sum upfront with set monthly remittances.
Lines of credit are great for handling short-term expenses and maintaining cash flow. You only pay interest on what you use.
Will using a line of credit in Philadelphia help build my business credit?
Yes, as long as you use it responsibly.
Drawing from your line of credit in Philadelphia and making on-time remittances can help improve your business credit profile over time. Just like personal credit, your remittance behavior is often reported to commercial credit bureaus.
A strong remittance history can boost your borrowing power in the future.
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*Some products are made available through Credibly’s network of external funding partners.
**$20K+ avg. deposits for a three-month average and the most recent month.
