Creddited
Creddited+ is a US alternative working capital provider offering revolving business lines of credit (up to $500k) and term loans (up to $250k) to small and mid-sized businesses via direct digital applications and a broker/referral partner network.
- Company typePrivate
- Founded2020
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Creddited does
Creddited+ is a US-based alternative working capital provider operating as a doing-business-as of Elysium Partners Group, LLC, a New York limited liability company founded circa 2020. The company delivers two principal credit products to small and mid-sized businesses: a True Revolving Business Line of Credit with limits up to $500,000, on which clients pay interest only on amounts drawn, and Term Loans of up to $250,000 with structured weekly or monthly repayment. Underwriting is supported by an automated platform that performs soft credit inquiries and aggregates bank-account and financial-institution data to evaluate business performance beyond traditional documentation.
The company pursues a dual go-to-market combining direct-to-consumer digital applications on its website, which offer same-day pre-approvals, with a broker and referral partner program that funnels small business clients through a dedicated Partner Application channel. Pricing is transparent with no upfront origination or processing fees; interest rates are quote-based and tailored to individual creditworthiness. Target borrowers are US-based businesses, ideally with a 700+ FICO score and $500k+ in annual revenue, seeking working capital of $20,000–$500,000 with funding in as little as three business days.
Creddited+ is privately held, reports 11–50 employees, and is fully backed by Helpful+, which functions as a parent or umbrella entity providing security and technology infrastructure. The company claims to be the largest firm of its kind in the United States and to have deployed "billions in capital to thousands of businesses," though no externally verified figures, funding rounds, or revenue disclosures are available. The CEO, Michael Padova, leads the business and was recognized in 2024 by Top 100 Magazine as a leading figure in finance.
Creddited firmographics
Firmographics- Name
- Creddited
- Legal name
- Elysium Partners Group, LLC
- Website
- https://creddited.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Creddited+ is a US alternative working capital provider offering revolving business lines of credit (up to $500k) and term loans (up to $250k) to small and mid-sized businesses via direct digital applications and a broker/referral partner network.
- Ownership category
- akta.pro rank
Where Creddited is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Creddited business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest on Business Lines of Credit: Creddited+ provides revolving business lines of credit where clients pay interest only on the amount drawn, not the total available credit. This generates recurring interest income based on usage.
- Term Loan Interest: The company also provides term loans up to $250k, generating interest income over the loan term. No origination or processing fees are charged upfront.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Revolving Business Lines of Credit up to $500,000 |
| Usage-based | Weekly | Term Loans up to $250,000 |
| Usage-based | Pay-as-you-go | Typical Client Funding Range: $20,000 - $500,000 |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Creddited product offering
Product offeringCore offering
Creddited+ is an alternative working capital provider that lends to small businesses in the United States through two core products: True Revolving Business Lines of Credit up to $500,000 and Term Loans up to $250,000. The company operates a digital-first application process that uses soft credit inquiries and bank account data aggregation to deliver same-day pre-approvals and funding in as little as three business days, with no upfront origination or processing fees.
Product overview
Creddited+ is a lending platform operated by Elysium Partners Group, LLC, offering two primary credit products: True Revolving Business Lines of Credit (up to $500k) and Term Loans (up to $250k). Both products serve small businesses needing working capital, with revolving lines allowing draw-as-needed access where clients pay interest only on amounts used. The platform also provides two distinct application channels — a Personal Application for individual borrowers and a Partner Application for brokers and referral partners — alongside financial support backed by Helpful+. The company does not offer a traditional bank product; rather it positions itself as an alternative working capital provider.
Differentiator
Problem solved
Functional benefit
Products and services
- True Revolving Business Lines of Credit A revolving line of credit up to $500,000 for small businesses needing working capital. Clients typically receive between $20,000 and $500,000 and pay interest only on the amount drawn from the line, not the total available credit. Same-day pre-approvals with funding in as little as 3 business days.
- Term Loans Term loans up to $250,000 with fixed or structured repayment schedules on a weekly or monthly cadence. No origination or processing fees are charged upfront, with interest income generated over the loan term.
Quantifiable outcome
- Same-day pre-approvals; funding in as little as 3 business days
- +2 more outcomes
Companies that use Creddited
Customer profileSegments2 records
Ideal customer profiles2 records
Creddited technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Creddited partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Helpful+coreCreddited+ is fully backed and secured by Helpful+. The partnership brings the safest and most secure approach to handling finances and personal information for Creddited+ customers.
- Broker/Referral PartnerscoreThe company has a dedicated broker partnership program where brokers can request referral partnership agreements to refer small business clients seeking funding solutions.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Creddited competitors and assessment
Company assessmentDirect peers
- Headway Capital: Headway Capital offers SMB lines of credit with transparent fee structures and no prepayment penalties, a close product and positioning comparable to Creddited+'s no-upfront-fee revolving credit offering.
- OnDeck: OnDeck is an online SMB lender providing working capital lines and term loans with rapid funding decisions, overlapping directly with Creddited+'s revolving and term loan products for small businesses.
- BlueVine: BlueVine is a direct competitor offering revolving business lines of credit and term loans to US SMBs via a fully digital application, closely matching Creddited+'s core product set and target customer.
- StreetShares: StreetShares focuses on SMB financing including lines of credit and term loans, with an emphasis on veteran-owned businesses, making it a relevant niche competitor in the US small business working capital space.
- Biz2Credit: Biz2Credit is an SMB lending marketplace and direct originator of working capital products, similar to Creddited+ in its focus on small business funding and broker-driven distribution.
- Fundbox: Fundbox provides revolving lines of credit and short-term working capital to SMBs through a digital platform, making it a close comparable in product structure and customer profile to Creddited+.
- Lendio: Lendio operates as a SMB loan marketplace connecting applicants with multiple lenders, comparable to the broker/referral channel that Creddited+ actively courts for its own products.
- CAN Capital: CAN Capital has historically provided working capital and term loans to US small businesses, serving as a long-standing alternative lender comparable to Creddited+ in target segment and product mix.
Broad incumbents
- American Express Business Blueprint (Kabbage): American Express Business Blueprint, built on the Kabbage platform, offers SMB working capital and cash-flow analytics to a much larger installed base, providing overlapping capability at greater scale than Creddited+.
- Funding Circle: Funding Circle is a broader SMB lending platform with marketplace and direct origination models, providing a wider portfolio of credit products to small businesses comparable in customer to Creddited+.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Creddited social profiles
Digital presenceCreddited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Creddited leadership team
Management profileNumber of profiles
Profiles1 record
Creddited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Creddited M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Creddited
What does Creddited do?
Creddited+ is an alternative working capital provider that lends to small businesses in the United States through two core products: True Revolving Business Lines of Credit up to $500,000 and Term Loans up to $250,000. The company operates a digital-first application process that uses soft credit inquiries and bank account data aggregation to deliver same-day pre-approvals and funding in as little as three business days, with no upfront origination or processing fees.
Is Creddited a public or private company?
Creddited is a private company. It is classified as corporate owned and is currently operating.
When was Creddited founded?
Creddited was founded in 2020. It employs 11 to 50 people.
Where is Creddited based?
Creddited is headquartered in New York, United States, in the North America region.
How does Creddited make money?
Two revenue lines are on record. Interest on Business Lines of Credit is the primary driver. The others are term Loan Interest.
Who are Creddited's main competitors?
Direct peers on record are Headway Capital, OnDeck, BlueVine, StreetShares, Biz2Credit, Fundbox, Lendio and CAN Capital. Broad incumbents are American Express Business Blueprint (Kabbage) and Funding Circle.
Does Creddited have an API?
No public API is recorded for Creddited.