Yes, your LLC can get a no-doc loan. Lines of credit, merchant cash advances, invoice factoring and short-term loans from online lenders often require little more than a linked bank account and can fund within a day or two. Online lenders have become a go-to for this kind of fast funding: they drew 29% of small business loan, line of credit and cash advance applicants in 2025, up from 17% in 2020, according to the Federal Reserve’s Small Business Credit Survey. The tradeoff is cost, expect higher rates and shorter terms than a bank loan.
Check out these lenders that offer no- or low-doc business loans for LLCs, including types of loans, loan amounts and loan terms.
| Lender | Types of loans | Loan amounts | Loan terms | |
|---|---|---|---|---|
| Lendzi | LOC, MCA, Term loans, invoice factoring, equipment financing | $5,000 to $5 million | 6 months to 25 years | |
| Lendio | LOC, MCA, term loans, invoice financing | Varies by lender | Varies by lender | |
| BusinessLoans.com | LOC, MCA, term loans | $5,000 - $3,000,000 | Varies by lender | |
| FundThrough | Invoice factoring and financing | $500 to $10M | 1 to 3 months | |
| American Express® Business Line of Credit | LOC | $2,000 to $250,000 | 6, 12, 18 or 24 months | |
| Bluevine | LOC | $5,000 to $250,000 | 6 or 12 months | |
| OnDeck | LOC, Short-term loans | $5,000 to $400,000 | 12, 18, or 24 months | |
| National Business Capital | LOC, equipment financing | $100,000 to $10,000,000 | 6 to 120 months | |
| Credibly | MCA, working capital | Up to $600,000 | Not listed | |
| LoanBuilder | Short-term loans | $5,000 to $150,000 | 17 to 52 weeks | |
| Backd | Working capital | $50,000 to $1,000,000 | 6 or 12 months (weekly repayments) | |
| Clarify Capital | LOC, Invoice factoring, equipment financing | Up to $5 million | Not specified | |
| Fundible | Equipment loans, LOC, invoice factoring | Up to $6,000,000 | 5 months to 10 years |
Not usually. Being an LLC won’t hurt your chances as long as you meet the lender’s revenue, time-in-business and credit requirements. Lenders will typically want your EIN and a business bank account in the LLC’s name. If you’re a single-member LLC, expect the lender to lean heavily on your personal credit and ask for a personal guarantee.
Being an LLC isn’t the hurdle, the loan type is. No-doc loans are “designed to require less documentation than traditional loans, which can be particularly beneficial for businesses that have complex income structures or those that value privacy,” says Jon Morgan, CEO and editor-in-chief of Venture Smarter, a business consulting firm for startups and small businesses.
That convenience comes with a tradeoff. “Lack of documentation can make it difficult for lenders to assess the risk associated with the loan,” Morgan says. “As a result, lenders often perceive these loans as higher risk.” That’s why no-doc loans tend to cost more in rates and fees than traditional bank loans.
A no-doc business loan is financing that skips most of the paperwork a bank would ask for, like tax returns, financial statements and a business plan. Instead, the lender usually reviews a few months of bank activity, often by linking directly to your business bank account, to judge whether you can repay. “No-doc” is a bit of a misnomer: you’ll still need basics like ID, your EIN and bank account access.
“Merchant cash advances (MCAs), lines of credit (LOCs) and some short-term business loans are more likely to be no- or low-doc,” explains Michael Baynes, co-founder and CEO of Clarify Capital. “These types of loans often focus more on recent business performance and cash flow rather than historical financial health. Long-term loans, most real estate loans and SBA loans generally will not be no-doc or low-doc due to their stringent risk assessments and requirements for detailed financial documentation.”
Skipping the paperwork speeds up approval, so funding is much quicker than with a traditional business loan. However, this convenience usually means higher interest rates and fees due to the increased risk to lenders.
Consider the risks along with the rewards before jumping in:
Follow these five steps to apply for a business loan for your LLC.
The exact requirements to qualify for a no-doc loan for your LLC may vary based on lender and loan purpose, but here are basic criteria you’ll likely need to meet.
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What is your primary need for a business loan?
It’s always a smart move to explore all your options when searching for the best business loan for your needs. Particularly for newer businesses, you may need to consider these alternatives to no-doc loans.
For LLCs looking for faster funding options, no-doc business loans can be an efficient way to achieve that goal. Some common no- or low-doc loan types include business lines of credit, MCAs, invoice financing or factoring, equipment financing and short-term business loans.
No-doc loans are usually more expensive than traditional business loans, including higher interest rates and fees. However, the streamlined application process and fast funding can help LLCs meet immediate financial needs and jump on new business opportunities with minimum fuss.
Minimum credit score requirements can vary significantly by lender, with 670 or above giving you the best chance for loan approval. However, some no-doc lenders accept lower scores, and loan types such as invoice factoring or MCAs may not consider your credit score at all.
As long as you meet other requirements to qualify — such as time in business and revenue requirements — you can probably still get a no-doc loan with bad credit. But, you may pay higher rates and fees due to the added risk for the lender.
Most banks that offer traditional business loans don’t offer no-doc loans. For the most part, you’ll have to look to alternative lenders and loan types to find no-doc business loans.
Lines of credit can be either secured or unsecured, depending on the lender and the financial circumstances of your business. Secured LOCs usually use business assets — such as equipment or real estate — as collateral for the loan. If you can’t repay it, the lender can seize your assets to offset the loss.
Unsecured credit lines are not backed by an asset, so they are riskier for the lender. If you default on your payments, there’s no asset for the lender to fall back on. Because of the added risk for lenders, unsecured LOCs can be more difficult to qualify for and typically have higher rates and fees.
Compare seven fintech small business loans by loan amount, term and APR — verified straight from each lender’s site.
Bank of America offers secured and unsecured business loans and lines of credit for established small businesses.
Wells Fargo offers unsecured lines of credit, secured Prime Lines and SBA loans for small businesses.
OnDeck offers business term loans and lines of credit, but it’s not the cheapest option out there.
A review of Chase business loans, including term loans, lines of credit, commercial real estate financing and SBA loans.
Biz2Credit connects you with lenders to get a loan to grow your business. Compare the loan types offered and see how they stack up to other business loans.
Getting a business loan can be hard when banks and other traditional lenders have strict requirements. See what startup loan options are available.
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