Featured Partner Offers
Loan Amounts
$5,000 to $3,000,000
APR Range
Varies by product
Loan Amounts
$1,500 – $200,000
Minimum Credit Score
580*
*See Website for Details
Compare the Best No-Credit-Check Business Loans of 2025
Best No-Credit-Check Business Loans: A Closer Look
Best for Startups
Kiva
Editor’s Take
We picked Kiva because it’s a microlender that offers a unique crowdfunding platform for a wide variety of prospective borrowers. It uses your personal network and its own network of 2.1 million investor-lenders to crowdfund loans up to $15,000, with repayment terms as long as 36 months and with no minimum credit score required.
Note: As of July 1, 2025, Kiva is only accepting loan applications using referral links from one of the lender’s community partners. According to the lender’s website, it hopes to reopen applications to all prospective borrowers by August 15, 2025.
Pros & Cons
- No minimum credit score requirement
- Does not require cash flow documents
- Requires no collateral
- Maximum loan amounts of $15,000
- All loans are crowdfunded
- Long funding times
Eligibility
Because Kiva uses a crowdfunding method, it’s able to offer less stringent qualification requirements. Although Kiva loans don’t require a minimum credit score, cash flow documents or collateral, borrowers are vetted or endorsed by either a local Field Partner, Trustee or members of the community.
Turnaround time
After you submit your application, a Kiva representative will get back to you within 10 to 15 business days. Kiva suggests that “submitting a great photo and business story will help your application make it through the review process more quickly.”
Once you’re approved for fundraising, you have 15 days to raise funds from your own network, and then 30 days to publicly fundraise with Kiva’s network of lenders.
Best for Fast Approval
altLINE
APR range
Factor rates start at 1% per 30 days
Factor rates start at 1% per 30 days
Editor’s Take
Invoice factoring company altLine is backed by The Southern Bank Company and offers invoice factoring and accounts receivable financing up to $5 million. The company’s factor rates start at 1%—lower than some top factoring companies—and it serves a wide range of industries, including new businesses. AltLine finances 75% to 90% of invoice values with a factor fee between 1% and 2.5% every 30 days.
Pros & Cons
- High maximum loan amounts
- Accounts receivable funding also available
- No minimum time-in-business requirements
- Origination fees from $350 to $500
- No mobile app available
- Quote requires speaking with a representative
Details
Eligibility: Companies qualify for factoring through altLINE based on their gross monthly sales minimum and other requirements. altLINE reviews the relevant invoices, as well as records of client creditworthiness, an application, an accounts receivable aging report, a business bank account, a tax ID number and personal identification.
Turnaround time: altLINE provides a response within 24 hours of submitting a quote request. Funding is usually available within 48 hours.
Best for PayPal Users
PayPal Working Capital Loan
APR range
None; charges one-time fixed fee
None; charges one-time fixed fee
Editor’s Take
We picked PayPal Working Capital Business Loans because they’re exclusively available to eligible PayPal users, which streamlines the online application and approval process. Loan amounts go up to $200,000 for first-time borrowers and range from $1,000 to $300,000 for repeat borrowers. To qualify, applicants must have a PayPal Business or Premier account for at least 90 days and at least $20,000 in annual PayPal sales.
Pros & Cons
- Single fixed fee determined by several factors
- Funded within minutes of approval
- No payment due on days without sales
- Borrowers must use PayPal to accept customer payments
- Does not disclose fees online
- Minimum payment required every 90 days, regardless of sales volume
Eligibility
Applicants must have a PayPal business or premier account for at least 90 days. The business must process at least $20,000 in annual PayPal sales with a premier account or $15,000 with a business account. Any existing PayPal Working Capital loans must be paid off.
Turnaround time
PayPal reports that its working capital loans are funded within minutes of approval.
Best for Square Sellers
Square Loans
APR range
None; charges one-time fixed fee
None; charges one-time fixed fee
Editor’s Take
We picked Square Loans because it offers $100 to $350,000 business loans to eligible Square sellers. While you must be an eligible seller to qualify, the application process is simple, and lending decisions require no credit check. Instead of paying interest, borrowers are charged a fixed fee based on the loan amount—but Square Loans doesn’t publish its fees online. Loans are repaid out of the business’s daily sales, and the balance must be repaid within 18 months of disbursement.
Pros & Cons
- No personal guarantee for loans under $250,000
- Payments are automatically deducted from daily card sales
- Application process is reportedly streamlined
- Low maximum borrowing amounts
- Does not publish fixed fees
- Daily payments reduce ongoing cash flow
Eligibility
Businesses must have processed at least $10,000 with Square over the last year to be eligible. Eligibility is also based on other business factors, including the company’s account history, payment processing volume and payment frequency.
Turnaround time
Square Loans offers funding as soon as the next business day.
Best for Invoice Factoring
FundThrough
Editor’s Take
We picked FundThrough because it offers invoice factoring without a credit check. Loan amounts are unlimited up to eligible invoice amounts, and the lender offers funding within 24 hours—reportedly 97% faster than other invoice factoring companies. Factoring rates start at per 30 days, and there are no additional financing fees.
Pros & Cons
- Funding speeds 97% faster than competitors
- Offers next-day funding
- Single factoring fee
- Must have outstanding invoices of at least $100,000 to qualify
- Invoices must be less than 90 days old to qualify
- Clients notified when FundThrough takes over payment collections
Eligibility
FundThrough reviews the applicant’s business bank account and accounting software to evaluate cash flow instead of requiring a credit check. This information also informs the funding limit a borrower qualifies for. Invoices must be less than 90 days old to be eligible.
Turnaround time
FundThrough offers next-day funding. However, borrowers can pay an additional fee for same-day funding.
What Are No-Credit-Check Business Loans?
No-credit-check business loans are a type of financing that doesn’t require a traditional credit check during the application process. In general, these loans are tailored to entrepreneurs and small business owners with poor credit scores or limited credit history. Instead of focusing on the business’s credit score—or the business owner’s credit history—lenders typically evaluate other factors, such as the business’s revenue, financial statements or overall performance.
Some online lenders offer no-credit-check loans, but alternative funding tools like merchant cash advances and invoice factoring may be your best option without a credit score. Still, these loans often come with high interest rates and fees in exchange for flexible approval criteria. Depending on your needs and qualifications, you may qualify for better terms with a business loan for borrowers with less-than-stellar credit.
Types of No-Credit-Check Business Loans
If you need a business loan but want to avoid a credit check, there are several options with less traditional qualification requirements. These are some of the most popular types of no-credit-check business loans:
Online Business Loans With No Credit Check
Online business loans can help you access funding with more streamlined online applications and faster funding times than alternatives. When evaluating applications, many lenders consider factors beyond credit score, and a credit check may not be necessary. Depending on your needs, same-day business loans with no credit check may be available, but lenders often impose higher rates and fees to offset the increased risk.
Merchant Cash Advances
With a merchant cash advance (MCA), the lender provides a lump sum of cash in exchange for a portion of your future credit card or sales revenue. To collect payment, the MCA company automatically withdraws funds from your business’s credit card receipts every day or week. These lenders may not require a credit check, making them suitable if your business has a high volume of sales but insufficient credit for a traditional loan. Notably, though, MCAs may come with high borrowing costs, often expressed as a factor rate between 1.1 and 1.5.
Equipment Financing
Equipment financing is a specialized type of business loan that lets you purchase or lease equipment without a credit check. The lender provides the funds necessary to acquire the equipment, and the equipment serves as collateral to secure the loan. Monthly payment terms are usually aligned with the equipment’s useful life and range from three to 10 years or more. Equipment financing interest rates typically extend up to 20%.
Vendor Financing
Similar to equipment financing, vendor financing can help you purchase goods or services with delayed payment terms, often in the form of installments or deferred payments. In contrast to equipment financing, these loans are issued by the vendor, not a third-party lender. This arrangement can help you acquire resources like materials and inventory without undergoing a credit check—especially if you have an established relationship with a vendor.
Invoice Factoring and Financing
Invoice factoring and invoice financing are similar funding solutions that can improve your business’s cash flow by leveraging its accounts receivable. With invoice factoring, a business sells its unpaid invoices to a third-party factoring company at a discount, and the factoring company assumes responsibility for collecting invoice payments.
Invoice financing differs slightly in that the business retains control over collections and repays the lender as it receives payment for client invoices. Costs for these options vary, but factoring companies usually buy invoices for 70% to 95% of their value, with the business paying monthly fees between 0.5% and 5% of the invoice value.
Tips for Comparing No-Credit-Check Business Loans
When comparing business loans with no credit check requirements, it’s essential to evaluate your options to find the right lender and terms for your business. Follow these tips when choosing from the best no-credit-check business loans:
- Compare interest rates. Interest rates affect the overall cost of borrowing and are typically higher for loans that don’t require credit checks. Applicable rates vary significantly depending on the loan type, lender and your other qualifications. Ensure you understand your monthly payments and the total cost of borrowing before taking out a loan.
- Evaluate available loan terms. Business loan repayment terms typically range from a few months to 10 years, but they may be as long as 25 years. However, options vary by lender and loan type and may be more limited if you need a loan without a credit check. Compare terms to find a repayment period and monthly payment that align with your business’s cash flow and long-term goals.
- Pay attention to eligibility criteria. Understanding each lender’s qualification requirements is vital when identifying potential business loans for your company. Common requirements include minimum business revenue and time in operation, but avoid lenders with a minimum credit score requirement if you want to secure financing without a credit check.
- Research fees and other charges. Be aware of fees related to origination, processing or prepayment penalties when calculating the total cost of borrowing. No-credit-check loan options tend to be more expensive, so understanding your monthly payment and the overall loan cost is essential.
- Consider the lender’s reputation. Opt for reputable lenders with positive reviews and proven histories to avoid predatory lending practices. Also consider each lender’s customer service offerings to confirm there are several ways to address questions about your loan.
Find the Best Small Business Loans of 2025
How to Get a Business Loan With No Credit Check
Getting a business loan without a credit check can be an attractive option if you have poor credit. However, many lenders focus on factors beyond credit score when evaluating an applicant’s ability to repay a loan. Understanding these factors can help you prepare a strong business loan application absent a credit check:
- Time in business. Lenders often require that businesses have operated for at least two years to qualify for a loan, but this requirement may be as low as six months. A longer track record of success can demonstrate your company’s stability and ability to generate revenue. If you need a loan to fund a new venture, consider the best startup business loans for bad credit—though there are no guaranteed startup business loans with no credit check.
- Revenue. Your company’s revenue and cash flow demonstrate its ability to meet current and future financial obligations. Before applying for a business loan, ensure you have a comprehensive understanding of these numbers and can explain fluctuations or anomalies.
- Collateral. In lieu of credit history, lenders may require collateral to secure the loan. This can include real estate, equipment, inventory or other valuable business assets. With a merchant cash advance, the loan is secured by your future revenue, whereas equipment financing is usually secured by the underlying collateral. Identify whether you have the necessary collateral and choose a loan that aligns with your assets.
- Industry. Many lenders prefer to work with lower-risk business models, while some specialize in specific industries. Research which lenders are most familiar with your industry and tailor your loan application accordingly.
- Business plan. Many lenders require a well-constructed and detailed business plan that outlines your company’s goals, market analysis, financial projections and how the loan will be used. Also include relevant management experience of the owners or key executives within your company. This document should demonstrate the stability of your business and how the loan will help you succeed.
- Financial documents. Financial statements, including balance sheets, income statements and cash flow statements, provide an overview of your company’s financial health and ability to repay the loan. Speed up the funding process by organizing and reviewing these documents before you apply.
Pros and Cons of Small Business Loans With No Credit Check
Getting a business loan with no credit check may seem like your only option, but you should still weigh the benefits and drawbacks before committing to financing. Here are some of the main pros and cons of no-credit-check business loans:
Alternative Business Funding With No Credit Check
If you can’t qualify for a traditional business loan because of your credit and don’t want to pursue no-credit-check options, there are other tools to consider. These are some popular ways to get a business loan without personal credit:
Crowdfunding
Crowdfunding involves raising business funds from numerous donors and may require some effort—and luck—to succeed. With a rewards-based crowdfunding model, donors receive incentives like access to a special product or service; equity-based contributors receive a small piece of the business. Fees often apply, but there are no credit checks, and your business won’t incur any debt with this approach.
Small Business Grants
A small business grant is a type of business funding that doesn’t require a credit check or repayment. Grants are commonly issued by the federal government, state and local governments, corporations, nonprofits and other organizations. While grants are an attractive alternative to loans, they’re highly competitive. Many are also limited to certain industries, areas of innovation or minority- or women-owned businesses, so research eligibility requirements.
Business Credit Cards
Business credit cards provide a revolving line of credit to cover business expenses. These cards usually come with an annual fee and interest rates on carried balances, and late payment fees may apply. Interest rates on business credit cards are typically around 15% to 30%. Some companies offer 0% introductory APRs, but lenders usually reserve these terms for well-qualified applicants.
Retirement Plan Loans
With a retirement plan loan, you can borrow money from your personal retirement account, such as a 401(k), and pay it back over time with interest. Unlike traditional loans, principal and interest payments go back into your retirement account, potentially growing your savings. These loans are secured by the retirement funds and don’t involve a credit check because there’s no third-party lender. Still, you should treat this alternative as a last resort due to the risk of depleting your retirement savings.
Friends and Family
Borrowing money from loved ones can be an easy way to access funds for your business, especially during the startup phase. However, everyone should understand the financial arrangements upfront, and the agreement should be detailed in writing. Determine whether the funds from your loved one are a gift, investment or loan, and discuss what will happen if you can’t repay the loan on the agreed-upon timeline.
Methodology
We reviewed lenders based on 17 data points in the categories of loan costs, loan details, eligibility and accessibility, customer experience and the application process. We chose the best lenders that require no credit checks based on the weighting assigned to each category:
- Loan cost: 25%
- Loan details: 25%
- Eligibility and accessibility: 20%
- Customer experience: 20%
- Application process: 10%
Within each major category, we also considered several characteristics, including available loan amounts, repayment terms and applicable fees. We also looked at time in business requirements and the geographic availability of the lender. Finally, we evaluated each provider’s customer support tools, borrower perks and features that simplify the borrowing process—like online applications, prequalification options and mobile apps.
Where appropriate, we awarded partial points depending on how well a lender met each criterion.
To learn more about how Forbes Advisor rates lenders, and our editorial process, check out our Loans Rating and Review Methodology.
Frequently Asked Questions (FAQs)
What is the quickest way to get a business loan?
The quickest way to get a business loan is to choose a lender with fast funding speeds and prepare your application thoroughly. Before applying, organize your bank statements, tax returns and other financial documents. Likewise, present a clear business plan that demonstrates the business’s financial stability and ability to repay the loan.
Can I get a business loan with a 500 credit score?
It’s possible to get a business loan with a 500 credit score, but you may face limited options. Online lenders, microlenders and merchant cash advance companies often impose less stringent credit requirements than traditional financial institutions. However, these loans may come with higher interest rates or strict repayment terms.
Can I use my LLC to get a loan?
You can use your LLC to get a loan. Lenders will likely evaluate your business’s credit history, monthly or annual revenue, industry and business plan. Providing additional information, like your business bank statements and financial projections, can improve your approval odds by demonstrating your LLC’s stability and growth potential. Depending on the lender, some borrowers may qualify for LLC loans with no credit check.
Can I use my EIN to get a loan?
You can use your EIN (employer identification number) to get a business loan, as the number identifies your business for financial purposes. Approval typically depends on factors like credit history, financial health and the lender’s other eligibility requirements. Getting EIN loans with no credit check is more difficult than qualifying for a loan based on traditional metrics.