Best Small-Business Loans with No Credit Check


If you’re a small-business owner without any credit history, getting a small-business loan can be a challenge, but it’s not impossible.

  • Best Overall
    4.3 out of 5 overall
    Lots of brand and loan options
    Low rates
    Apply NowLearn More
  • Best for Crowdfunding
    3.9 out of 5 overall
    Easy approval
    Low interest rates
    Apply NowLearn More
  • Most Flexible
    3.6 out of 5 overall
    Flat-rate weekly fees
    Fast loan application
    Apply NowLearn More
  • Most Convenient
    3.1 out of 5 overall
    No hidden fees
    Easy-to-use system
    Apply NowLearn More
  • Best for Large Loans
    2.7 out of 5 overall
    Less time in business required
    Loans up to $2,000,000
    Apply NowLearn More

There can be times when you, as a small-business owner, desperately need working capital, but you don’t want your lender to check your credit history—either it’s nonexistent, or you just don’t want them knowing that credit score.

Taking the no-credit-check route isn’t recommended—loans are hard to find and come at a steep price, which is why you should first consider options for business startup loans or even bad-credit business loans. But if you’re set on this path, you have some options. We’ve picked our top five brands that won’t check or care about your credit score, so you can get that loan you need.

Seeing your credit history

Some of these brands may at least look at your credit history when deciding whether or not to accept your application. But since the companies specifically stated that a credit score isn’t a qualifying factor, and because they consider other aspects of your loan application more seriously, we decided to include them in our list anyway.

No-credit business loans compared
CompanyLoan types availableLoan eligibilityLoan amounts availableGet a loan
LendioMerchant cash advances, accounts receivable factoring4–6 months in business, $12,000 in annual revenue$5,000–$200,000Apply Now
KivaCrowdfunded loansPersonal endorsement$0–$10,000Apply Now
FundboxLines of credit, invoice factoringBusiness accounts$1,000–$100,000Apply Now
KabbageLines of credit1 year in business,
$50,000 in annual revenue
$500–$250,000Apply Now
National Business CapitalMerchant cash advances6 months in business, $120,000 in annual revenue$10,000–$2,000,000Apply Now
Data effective 05/31/19. At publishing time, loan amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Lendio: Best overall for small business

Lendio is a lending marketplace that connects small-business owners with a variety of lenders and loan options. Lendio proves that there are a bunch of different types of business loans available, so one is certain to be right for you. Because of its system, it can connect those with no credit to lenders who will offer either a merchant cash advance (MCA) or invoice factoring—two forms of loans that don’t require credit checks in the first place.

With a merchant cash advance through Lendio, you can get up to $200,000 in only 24 hours to help your cash flow. Plus, Lendio’s marketplace system can offer interest rates as low as 18%, which is impressive given the notoriously high interest rates for merchant cash advances.

Its accounts receivable financing (a.k.a. Invoice factoring) option is also competitive, offering loans worth up to 80% of each account receivable (which is just an invoice that has yet to be paid), with as low as 5% interest. This is always a good route to go with no credit because, as Lendio points out, lenders are more concerned with your clients’ credit—and their ability to pay back a loan—than your own.

The downside to Lendio is that it’s hard to know exactly what deals you’ll get until you actually apply. Because it’s a marketplace for so many different lenders and business owners, you are presented with matched deals and can choose between those options only after you apply.

Strengths
  • Comparisons of best deals for you
  • Easy-to-use system
  • Competitive rates
Weaknesses
  • Poor options for startups
  • Lower cap on loans
Lendio
Best options available
Lendio is an easy-to-use service that links you to a variety of lenders who can offer competitive merchant cash advances and invoice financing to those with no credit.

Kiva: Best for crowdfunding

Kiva works differently from other online lenders because it’s a nonprofit crowdfunding platform for microloans. This means that you apply to be advertised on Kiva’s website, and once you are approved, the company uses crowdfunding to get the money for your loan.

Kiva is great for new businesses because it doesn’t require you be in business for any set period of time or to have a minimum annual revenue. The loans are microloans, meaning they only go up to $10,000, but they can have a 0% interest rate (although this is not true for all loans, so don’t bank on that). It’s a good jumping-off place for a new business.

Plus, because it’s a crowdfunding website, there are absolutely no credit checks. Kiva vets its applicants based on what it calls social underwriting. Kiva explains that social underwriting requires a Kiva Trustee or community members, like friends and family, to endorse and start funding your business before your business will go live on the website.

With Kiva, your loan can take a while longer to reach you—you’re given 30 days on the crowdfunding website to gather your funds. But if you’re looking for another alternative for no-credit loans, Kiva is a unique and solid option.

Strengths
  • Easy approval
  • Low interest rates
Weaknesses
  • Longer wait for loans
  • Social endorsement requirement
  • Only small loans available
Kiva
Best for crowdfunding
For new businesses that need help getting funds to grow, Kiva provides easy and innovative access to microloans.

Fundbox: Most flexible

Fundbox is ideal in that it simply looks at your business accounts to determine whether or not you’re a good choice for a loan—no credit reports necessary. And it’s extremely fast. Fundbox evaluates your eligibility within minutes of your loan application submission, and you can get that money in as little as 24 hours.

Fundbox offers line of credit options and invoice factoring, which can give your small business up to $100,000 to work worth. A line of credit is repaid with a weekly flat-rate fee, so you can pay it off every week without stressing over changing fees. Plus, the nice thing about a line of credit is that it works like a credit card—you’re only charged for what money you actually spend up to your credit limit, allowing you to keep better control of your funds and cash flow.

Fundbox’s invoice factoring also allows you to continue working directly with your clients to collect payment. That’s unique from typical invoice factoring, where the lender takes over that connection with clients to get the funds paid. With Fundbox, the company directly deposits those invoices into your bank account in advance, and you repay Fundbox once you’ve collected the funds from your clients. This means everyone gets what they need, and you don’t have to sacrifice your relationships with your clients.

The only downside to Fundbox? At $100,000, the maximum credit limit is lower than other brands, and Fundbox is known for relatively high interest rates.

Strengths
  • Fast and efficient loan application
  • Weekly flat-rate fees
  • Focus on current business growth, not past credit history
Weaknesses
  • Low cap on available loans
  • High interest rates
Fundbox
Most flexible
With incredibly fast and easy access to lines of credit and invoice factoring, Fundbox loans you the needed funds while handling the nitty-gritty with automatic weekly payments and flat-rate fees.

Kabbage: Most convenient

Kabbage offers a solid line of credit and avoids hidden fees. So regardless of the loan you choose, you’ll have a clear view of your total cash flow—right from the start. And you can access your line of credit in a variety of ways, including your bank account, a PayPal account, or a Kabbage Card.

The brand’s Kabbage Card is similar to a business credit card and allows you easier access to your loan funds, so you can use your small-business financing however you need. On top of that, Kabbage offers a very easy-to-use service—you can apply for free and then qualify in only 10 minutes, accessing loans within minutes to a few days, depending on your own bank’s speed. Overall, when it comes to convenience, Kabbage is the best.

Kabbage does look at your credit history (it does a soft pull), but it doesn’t have a minimum score and claims that it’s not really interested in that credit history. However, it’s also known for having high interest rates. If the company has already seen your poor credit score (or lack thereof), this may change the rates it decides to give you.

Strengths
  • Fast and easy-to-use process
  • Several draw options
  • No hidden fees
Weaknesses
  • High interest rates
  • Soft credit pull
Kabbage
Most convenient
Kabbage offers an efficient system with a convenient line of credit that can be accessed in whatever way best suits your needs.

National Business Capital: Best for large loans

National Business Capital will loan you anywhere between $10,000 and $2,000,000 through merchant cash advances. That means it offers much larger loans than any of the other brands. It also has longer loan terms, extending out to 10 years.

Plus, National Business Capital requires you to have been in business for only six months, with an annual revenue of $120,000—so if you’re a newer company, National Business Capital may be one of the easiest options around.

However, National Business Capital does look at credit scores, although it doesn’t have a minimum credit requirement. Plus, it’s incredibly vague about its interest rates on its website, requiring you to talk to customer service over the phone to get most of your information about the terms and rates available to you.

While positive personal interaction can always be a plus, if your credit is particularly terrible and not just nonexistent, then National Business Capital may end up giving you a very high interest rate that you can’t compare ahead of time to other offers, even from its brand. So be wary.

Strengths
  • Long reputation of quality support
  • Large loans available
  • Only a 6-month business history requirement
Weaknesses
  • Unclear interest rates
  • Soft credit pull
National Business Capital
Best for large loans
National Business Capital is good for getting you a lot of money very quickly, without too many questions asked.

Runners-up

Can Capital: Best for fast cash

Can Capital is a direct lender that offers business loans and merchant cash advances up to $250,000 for small businesses. There’s a daily repayment plan, and payments are automatically pulled from your bank account. Can Capital is also relatively fast—taking only one business day to process your application and make funds available. Can Capital doesn’t worry about your credit score, but its interest rates can reach 29%. While the easy access to fast funds may seem worth it, you may see major dips in your daily funds until you repay the loan, which can sometimes take a while.

Apply Now

PayPal Working Capital: Best for PayPal users

Paypal Working Capital is a convenient business financing option if you already do your credit card sales with PayPal. The brand doesn’t do a credit check; it just bases your qualifications off of your sales history with the company. You work with a fixed fee and choose what percentage of your daily sales will go toward loan payments, and loans can go up to $125,000. And if you’re looking for fast money, PayPal Working Capital is the way to go: from application to funding, it takes less than 10 minutes. The flexibility and ease of the system is definitely appealing if you already work with PayPal.

Apply Now

Square Capital: Best for Square qualifiers

Square Capital works similarly to PayPal Working Capital and is a solid option if your small business already uses Square. It looks at your previous business record with the brand to decide if you are eligible for a loan, and then it extends an invitation to you. With that exclusive approach, you can get up to $10,000 by the next business day. The loan is then repaid on a daily system, as it is drawn from your Square sales. Square Capital has high interest rates, but the ease of the system makes it appealing, especially since you’re already using the brand.

Apply Now

Grow your business today

Browse hundreds of loan options, custom-tailored to your business and budget needs, from a single, simple platform.

Find a Loan

Things to consider in a no-credit loan

What it means for your loan

We’ve shown that getting loans without credit is possible with some brands, but it’s still not our favorite choice to make, even if you have poor credit. Sometimes you don’t have any other options, but with no-credit loans, your interest rates are likely to be higher, or some companies will require more collateral, whether personal or business assets, before they’ll grant you the loan.

Personal guarantees also become an issue. A personal guarantee means that if your company is unable to repay your loan, as the small-business owner, you are personally liable. That means your personal assets can be seized. Nearly all no-credit loans require personal guarantees, but they are a much rarer requirement when you can access loans with a good credit score because companies don’t need additional reassurance that you can repay your loan.

It’s also important to note that these no-credit lenders require daily or weekly repayment systems, which may be convenient since you don’t really have to think or plan to pay off the loan, but it does hurt your regular cash flow. Most good-credit loans don’t have such strict repayment plans, so that can be a motivator to build your credit.

How you can establish good credit

The good news about having no credit is there’s nowhere to go but up! Make sure that if you get these loans, you don’t take out more than you can handle and pay back in a timely manner. That way, you can build good business credit to make getting a future loan much easier. Also be mindful to keep your personal credit score high with your credit card use or other loans, as some brands take that into consideration when issuing small-business loans.

The takeaway

The message is this: no-credit loans are not the most appealing option on the market. That’s largely because their repayment plans and interest rates are heavy-duty, so lenders can be sure that they’ll get their money back—even without a credit history for a guarantee.

However, if you don’t have other options, don’t lose hope. There are doors available to you, ranging from Lendio’s and National Business Capital’s merchant cash advances to Fundbox’s or Kabbage’s lines of credit to even Kiva’s crowdfunding platform.

Be mindful of what qualifications your small business already has, as well as what type and how much money your business needs. With that knowledge and this guide, you can make an informed decision that, hopefully, will help you to not only improve your credit but also help you to build good credit for the future.

Are you considering looking beyond the no-credit loan options? Check out your broader range of options in our review of the best small-business loans out there.

Disclaimer

At Business.org, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

  • Ramsey Mike

    My name is Richie Julie.,I live in Germany and i am a happy woman today? I told my self that any Loan lender that could change my Life and that of my family, i will refer any person that is looking for loan to Them.

    If you are in need of loan and you are 100% sure to pay back the loan please contact them and please tell them that Mr Julie referred you to them.

    Email them on europeanloancompany2@gmail.com or whatsapp/call : +33751432942 And they are located in the European part of the world.

  • Ramsey Mike


    My name is Richie Julie.,I live in Germany and i am a happy woman today? I told my self that any Loan lender that could change my Life and that of my family, i will refer any person that is looking for loan to Them.

    If you are in need of loan and you are 100% sure to pay back the loan please contact them and please tell them that Mr Julie referred you to them.

    Email them on europeanloancompany2@gmail.com or whatsapp/call : +33751432942 And they are located in the European part of the world.

  • Ramsey Mike

    Hello everyone,
    My name is Richie Julie.,I live in Germany and i am a happy woman today?i just want to tell everyone out there that you can get a legit loan lender without any delay i got my loan of $10,000 from this great company they are the best and they are trusted you can contact them for any kind of loan this is there direct contact Email

    Company name: European Company
    Company Email: europeanloancompany2@gmail.com
    Whataspp/Call :+33751432942

  • ISWAP LIMITED

    Do you need a loan of any type and of any amount to grow up your business,or your live in a better place do you need any of the following loans
    * Student Loans.
    * Car loans.
    * Housing Loans.
    * Mortgages Loans.
    * Auto Loans.
    * Personal Loans.
    * Loans for Veterans.
    * Small Business Loans.
    * Business Loans.
    * Payday Loans.
    * Borrowing from Retirement & Life Insurance. All these
    loans are given out as low as 2.5% interest rate….
    If you are interested contact us via: davidinvestmentslimited@hotmail.com

  • Ramsey Mike

    My name is Richie Julie.,I live in Germany and i am a happy woman today? I told my self that any Loan lender that could change my Life and that of my family, i will refer any person that is looking for loan to Them.

    If you are in need of loan and you are 100% sure to pay back the loan please contact them and please tell them that Mr Julie referred you to them.

    Email them on europeanloancompany2@gmail.com or whatsapp/call : +33751432942 And they are located in the European part of the world.

  • Ramsey Mike

    My name is Richie Julie.,I live in Germany and i am a happy woman today? I told my self that any Loan lender that could change my Life and that of my family, i will refer any person that is looking for loan to Them.

    If you are in need of loan and you are 100% sure to pay back the loan please contact them and please tell them that Mrs Julie referred you to them.

    Email them on europeanloancompany2@gmail.com or whatsapp/call : +33751432942 And they are located in the European part of the world.

  • Scott Miller

    LOAN OFFER‎

    Good day Sir/Madam,‎

    Getting a loan from Credit Investments Company is 100% assured and the legitimacy of the transaction is 100% Guaranteed. blackstoneinvestment11@outlook.com or Call +1 415-460-3543 Legitimate loan have always There was a huge problem for people with financial problem and need a solution. Question credit and collateral are sometimes clients are always worried about When seeking a loan from a legitimate lender.
    ‎Our services include in the following:
    ‎Debt consolidation*
    second mortgage*
    Business loans*
    Personal Loans*
    International credits*
    Student loans*
    Family credit*
    For more details go to purchase loan, contact us Please respond immediately to this Email:blackstoneinvestment11@outlook.com

    Please ‎note that the credit is issued in the amount of 3% interest, kindly get back to us now, if You are interested.‎‎

  • Scott Miller

    LOAN OFFER‎

    Good day Sir/Madam,‎

    Getting a loan from Credit Investments Company is 100% assured and the legitimacy of the transaction is 100% Guaranteed. blackstoneinvestment11@outlook.com or Call +1 415-460-3543 Legitimate loan have always There was a huge problem for people with financial problem and need a solution. Question credit and collateral are sometimes clients are always worried about When seeking a loan from a legitimate lender.
    ‎Our services include in the following:
    ‎Debt consolidation*
    second mortgage*
    Business loans*
    Personal Loans*
    International credits*
    Student loans*
    Family credit*
    For more details go to purchase loan, contact us Please respond immediately to this Email:blackstoneinvestment11@outlook.com.

    Please ‎note that the credit is issued in the amount of 3% interest, kindly get back to us now, if You are interested.‎‎

  • qqqqqqqqqqqqqqqqqqqqqqqqqqqqqq

    Do you need a business loan? Apply now
    We are a lending organization and we have the largest profit in lending and as part of our humanitarian services we offer loans to all sites with 2% interest if you are interested in applying now and working with the right loan company, visit our website for testimonials and proof our services: http://gulf-loans.intelbis.com

    we guarantee you 100% confidence in our service performance around the world, we offer from $ 50,000 to $ 5,000,000
    you can also contact us via email: unicredit-loans@intelbis.com, +420 296 245 818