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These lenders offer business loans with no hard credit check required.
*Minimum APR offered to at least 5% of customers (not the lowest rate offered)
Pros
Same-day funding available
Funds can be used for a wide range of purposes
Timely payments can help build business credit
Cons
Soft credit check needed for approval
Daily or weekly loan payments required
Higher interest rates than traditional lenders
If you need fast funds to cover emergency expenses or capitalize on a limited-time business opportunity, consider a short-term loan from OnDeck, which offers same-day funding for qualified borrowers on loans up to $100,000. And if your loan doesn’t qualify for same-day funding, OnDeck still funds in about two to three business days.
Although a soft credit check will be required for loan approval, OnDeck does not run a hard credit check at any point in the process, which means your credit score won’t be impacted.
OnDeck offers loans up to $250,000, which can be used to cover a wide range of business expenses. However, you’ll need a personal credit score of or higher, so this may not be the best option for low-credit borrowers.
does not set minimum credit score, time in business or annual revenue requirements. Instead, borrowers will need to prove the marketability of their business through the Private Fundraising Period to qualify for financing.
sets no minimum credit score, time in business or annual revenue requirements. Instead, your eligibility will be assessed based on your payment frequency and processing volume.
sets no minimum credit score, time in business or annual revenue requirements, you’ll need to have a minimum of $100,000 in outstanding invoices to qualify.
While most lenders prioritize working with creditworthy borrowers, some may be willing to provide financing without taking a deep dive into your credit history.
Certain types of business financing, including invoice factoring and merchant cash advances, may be available with no credit check required.
However, no-credit-check loan options may be limited, and borrowers will need to keep an eye out for predatory lenders to avoid getting scammed.
Types of business loans with no credit check
Certain types of financing may be easier to obtain without a credit check. If you want to avoid a credit check of any kind, consider the following options.
Merchant cash advances: This type of financing allows you to exchange a portion of your credit card sales for a cash advance. The funds are received in a lump sum, and the cash advance is repaid through a percentage of your daily or weekly sales.
Invoice factoring: If you’re sitting on unpaid invoices, you may be able to submit them to a factoring company to receive an advance. With invoice factoring, businesses typically receive 70% to 90% of the invoice upfront. Once the invoice is paid, you’ll receive a payment for the remaining amount, minus any fees.
Invoice financing: Also called accounts receivable financing, this option involves using unpaid invoices as collateral to get a secured business loan. You repay the loan once your customers pay their invoices.
Before you can borrow money, most business lenders will require a credit check. But while many lenders require a hard credit check, others may be willing to qualify you for financing after only a soft credit pull.
Unlike a hard credit inquiry, which may lower your score and stay on your credit report for up to two years, soft credit checks allow lenders to access a basic overview of your personal credit history without impacting your score.
Types of business loans with low credit score requirements
Traditional business loans may be difficult to get without a credit check, but getting a business loan with bad credit isn’t impossible. Some lenders may be willing to work with borrowers with scores as low as 500, though these lenders typically charge more for the privilege to borrow.
If you’re looking for business loans for bad credit, consider how the following options might align with your business needs.
Short-term loans: Though the best rates and terms are typically reserved for the most qualified borrowers, credit score requirements tend to be lower for short-term loans, but be aware that these loans may require daily or weekly payments.
Secured loans: Secured loans leverage your personal or business assets as collateral to minimize the lender’s risk, which might make it easier to qualify for a loan with a low credit score.
Business lines of credit: Online lenders tend to be less strict with their loan criteria. Some of these lenders offer revolving business lines of credit with low credit score requirements, which you may be able to use for ongoing expenses.
Equipment financing: If you need funds to purchase or upgrade business equipment, an equipment loan may be a good option. This type of financing uses the equipment itself as collateral, making it possible for borrowers with lower scores to qualify.
Pros and cons of business loans with no credit check
Pros
Applying won’t impact your credit score
May be available for business owners with low or no credit
May make it easier to borrow funds in the future, assuming you make timely payments
Cons
May be significantly more expensive than loans with a credit check
May not help you build business credit
Predatory lenders are active in this space
How to get a business loan with no credit check
Wondering how to get a business loan without a hard credit check? Here are a few steps to help you get started.
1. Calculate how much debt you can afford
Before you pursue business financing, you’ll need to do some quick math to calculate how much you can afford to borrow and repay without putting financial strain on your business.
Consider fees and interest when deciding the amount of funding to request. No-credit-check business loans typically come with higher interest rates, so you may need to choose a lower loan amount to avoid a payment you can’t easily afford.
How much do you need for your business?
$60,000
2. Check your credit scores
Even if you hope to avoid a credit check, it’s important to know your personal and business credit scores. It’s also important to understand how these scores can affect your business in the short and long term.
If your scores are in need of work, prioritizing a loan that can help you build business credit might be in your best interest. Good credit scores will make it easier for your business to find financing in the future.
3. Consider collateral
As we’ve mentioned, low-credit borrowers might find it easier to qualify for a business loan if they are willing to use their business assets as collateral. Common forms of collateral include invoices, inventory, equipment and property.
If your credit score is making it difficult to obtain unsecured financing, consider using collateral to get a secured loan instead. However, you should only offer collateral if you are confident in your ability to pay back your loan. Otherwise, your lender could seize your assets to recoup some of their losses.
4. Compare lenders
While some reputable companies may offer small business loans with no credit check, it’s important to note that no-credit-check loans can be predatory. Some lenders may only be willing to bypass a credit check if the borrower agrees to pay significantly higher interest rates.
For this reason, you should be wary of any company offering guaranteed loan approvals. To choose the right lender and loan for your business, you’ll need to do your research. Compare fees, rates and repayment terms between lenders. When in doubt, small business lender reviews can make it easier to compare your options.
5. Gather required documents
To speed up the application process, gather your documents ahead of time. Though the documents needed to apply for a loan will depend on the lender, most loan applications require the following paperwork:
A copy of your business plan
Business licenses and permits
Personal and business tax returns
Financial statements, including income statements and balance sheets
Additional information on your collateral, if applicable
6. Apply and review
Most loan applications can be completed online, though some lenders may require additional information via phone or in person at a physical branch location.
Once you receive a formal loan offer, be sure to review the business loan agreement carefully to understand the terms and avoid any unsavory surprises.
Alternatives to business loans with no credit check
If none of these no-credit or low-credit loan options will work for your business, there are other ways to raise funds without facing a credit check.
Personal loans: If your business is too new to qualify for financing, you could turn to a personal loan. Personal loans may be available without a hard credit check, though a soft pull is typically required, and these loans can be very expensive.
Crowdfunding: If formal financing isn’t a viable option, consider crowdfunding donations from friends, family and others in your network. Note that crowdfunding typically works best for borrowers with a strong social media following.
Business grants: If you need to avoid costly loan payments, a business grant could provide the financing you need with no obligation to repay the funds. However, these grants can be very competitive and may only be available for businesses in certain industries or locations.
How we chose the best business loans with no credit check
We reviewed more than a dozen lenders to determine the best business loans with no hard credit check. To make our list, lenders must meet the following criteria:
No hard credit checks: Only lenders offering no credit checks, or soft credit checks only, were eligible to be included on this list. For companies with soft credit pulls, a minimum credit score of 625 or lower was required.
Rates and terms: We prioritize lenders with more competitive fixed rates, fewer fees and greater options for repayment terms, loan amounts and APR discounts.
Repayment experience: We consider each lender’s reputation and business practices, favoring lenders that report to all major credit bureaus and offer reliable customer service.
Frequently asked questions
Bad credit business loans may be available for borrowers with personal credit scores as low as 500. However, these loans typically come with less favorable rates and terms.
Getting a business loan with no credit can be challenging, but it’s not impossible. For example, borrowers with a strong business idea might be able to get a microloan with , as the lender bases its loan decisions on character, not credit.
While a traditional business loan may be difficult to obtain with no credit, other financing options may be available without a credit check, such as invoice factoring or merchant cash advances.
When lenders run a hard credit check, it may temporarily lower your credit score by a few points, with the inquiry remaining on your credit report for up to two years. Getting a loan can also positively affect your score because it changes your credit mix and utilization. To improve your credit score, choose a lender that reports to the major credit bureaus and focus on making on-time payments.
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LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
What portion of LendingTree’s services in connection with my loan request is free?
There is no cost to submit a loan request, get matched with lenders and receive conditional loan offers or quotes. You may review the conditional loan offers or quotes and talk to the lenders at no cost. Of course, the lender you choose may require a fee to process your formal loan application, appraisal, and/or credit report, but until you agree to pay the lender any fee(s), you may shop with LendingTree at no cost.
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LendingTree does not charge you, the consumer, a fee for its services. Who pays our bills? The lender. Of course, you will be responsible for paying any loan processing, closing costs or other fees to the lender with whom you close.
Disclosure 116
Business Loans – Disclosure current as of 28-Apr-26
Business Loans are those loans that are for commercial use and any property and/or proceeds from the proposed request will be used by the requestor for commercial purpose only and not for any personal, family or household purposes, and that the proposed request would constitute a business loan which is exempted from the disclosure requirements of the Truth in Lending Act.
Most of our Business Funding Partners do not require collateral for business loans; however, please note that it is possible to be offered another product by the lender depending on your needs and if the underwriting requirements dictate the same. Traditional bank and SBA loans generally are known for collateral requirements.
There is no one-size fits all business loan. Rather there are several types that will likely be offered and or discussed with you upon completing your request. Business Funding Partners determine the underwriting criteria necessary for approval, you should review each Partner’s terms and conditions to determine which business funding option works for your business’s financial situation. All reasonable efforts are made to provide and maintain accurate information. All rates, fees, and terms are presented without guarantee and are subject to change pursuant to each Partner’s discretion. There is no guarantee your business will be approved for credit or that upon approval your business will qualify for the advertised rates, fees, or terms shown. Lender terms and conditions will apply and all products may not be available in all states. Ask your lender for details.
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Advertised Terms and Information
The information and disclosures above relate to advertised terms made by or through LendingTree.
Interest rates and terms are from a lender or lenders with whom LendingTree may match you and that offer the particular product. The disclosures are current as of the date indicated.
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FICO score means the FICO credit score report that a lender receives from a consumer reporting agency.
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