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It can be difficult to qualify for business funding even with a good credit score. So, if your credit isn’t ideal, you might wonder if it’s even possible to get a business loan.
Fortunately, some lenders may not require credit checks at all, or may only require a soft pull, which won’t impact your score. However, these types of funding can be more expensive than more traditional loans, and you’ll be more likely to find them online rather than at a conventional bank.
For example, a 2025 study by the Federal Reserve found that only 45% of applicants in the medium-to-high credit-risk range were approved for business funding at large banks. But that number jumped to 72% approval when the same credit-risk group applied with online lenders.
Key takeaways
No-credit-check business loans lean on alternative criteria like revenue and cash flow and are typically offered by online lenders rather than banks.
Common no-credit-check loans include invoice factoring, invoice financing and merchant-cash-style products that don’t underwrite like traditional term loans.
Trade-offs usually include higher costs and some require weekly or even daily repayments, which can squeeze cash flow.
Best fit is short-term needs where speed matters, funding can arrive as soon as the same or next business day, but weigh alternatives if you want lower cost or longer terms.
6 best business loans with no credit check
Compare these top lenders that offer no-credit-check business loans.
Best for gig workers and microbusinesses: Giggle Finance
Best for comparing no-credit-check business loans: Clarify Capital
Methodology: How we chose these lenders
Our lending experts analyze dozens of business loan providers to narrow down the best options for no-credit-check business loans or loans with low credit requirements. We weigh lenders against these key metrics:
Application process
Rates
Credit score minimums
Customer service reviews
Eligibility requirements
Extra features or services
Fees
Funding turnaround times
Lender reputation
Minimum and maximum loan amounts
Products offered
Who are no-credit-check business loans best for?
No-credit-check business loans aren’t always a good idea. For one thing, they are often some of the most expensive forms of business financing. And some of these loan types just don’t make sense for all businesses.
Consider a no-credit-check business loan if you need fast, short-term financing, can manage the rigorous repayment schedules or don’t qualify for more traditional business loans.
Pros and cons of no-credit-check business loans
It’s important to consider both the risks and rewards of business loans with no credit check.
Pros
Potential access to business funding, even with poor credit
These loans usually offer fast funding
Some loan types may help you build credit
Cons
Rates and fees are often much higher than traditional business loans
Some require weekly or daily repayment schedules
May not help you establish business credit
How to qualify for a business loan with no credit check
Other than the credit score requirements, eligibility is usually similar to that of traditional lenders. Lenders usually want to see that you:
Have been in business for at least six months
Meet minimum monthly or annual revenues, which vary by lender and loan type
Have a business bank account — and can produce a few months of recent bank statements
Some lenders may have additional requirements, such as a soft credit check — which won’t impact your credit score — or that you’re a US-based business. You may also have to provide a business plan or other financial documents in some cases.
How to apply for a no-credit-check business loan
Follow these five steps to find and apply for business loans with no credit check:
Calculate how much you need. Define how much you want to borrow so you can look for lenders and loan types that offer the amount you need.
Explore your options. Look around for lenders that offer the loan amount you need and compare loan types to see which fits your business situation best.
Compare lenders. Research multiple lenders that offer your desired loan amount and type to compare rates, terms and other details. You may need to make a few calls because you probably won’t find all the information you need on lender websites.
Prequalify. Some no-credit-check business lenders may not offer prequalifications, but if you can, it’s a good way to get an idea of the rates and terms you may qualify for. However, lenders that prequalify typically do a soft credit pull.
Apply. Once you’ve decided which way you want to go, follow the steps to apply. The application process typically happens online, and you should have the option to talk to a loan representative along the way. Review the rates and terms before committing.
Alternatives to business loans with no credit check
If a no-credit-check business loan isn’t the right fit for your business, consider alternative types of funding that may not require credit checks or have low credit score requirements.
Equity investors. Some investors loan you money or give it to you outright in exchange for a percentage of your business. These investors probably won’t check your credit, but they get a stake in your business.
Small business grants. Grants can be hard to qualify for, and they’re very competitive, but if you have an opportunity for free money, go for it.
Microloans. Small-dollar loan amounts — aka microloans — are often provided by nonprofit, local organizations like community development financial institutions (CDFIs), to businesses in underserved areas. These lenders typically check your credit, but the credit requirements are usually much more forgiving.
Bottom line
It can be more difficult to find business loans that don’t require a credit check, but you do have options. Consider merchant cash advances, invoice financing or factoring or equipment loans that may not require a credit check or have low credit score requirements.
Frequently asked questions
It's possible but not very likely. Most startup-friendly loans rely on the business owner's credit to make up for the business's short revenue record.
However, you might be able to get a microloan backed by the Small Business Administration — which has more lenient credit requirements — if you're opening a business in an underserved area. But those lenders still check your credit.
You can, though your options are limited if your credit score is below 580. Consider looking into a secured business loan, which has a better chance of approval and offers more favorable rates and terms than you might otherwise be eligible for.
Loans with no credit checks often boast fast funding times, so it's possible you could get funding as soon as the same day you apply. More realistically, however, you may get the funding on the next business day or within a few days.
Lacey Stark is a freelance personal finance writer for Finder, specializing
in banking, loans, investing, estate planning, and more. She has 20
years of experience writing and editing for magazines, newspapers, and
online publications. A word nerd from childhood, Lacey officially got her
start reporting on live sporting events and moved on to cover topics
such as construction, technology, and travel before finding her niche in
personal finance. Originally from New England, she received her
bachelor’s degree from the University of Denver and completed a
postgraduate journalism program at Metropolitan State University also
in Denver. She currently lives in Chicagoland with her dog Chunk and
likes to read and play golf.
See full bio
Compare the best business cash flow loans in 2023.
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