Lendio business loans
Finder rating 4.75 / 5 ★★★★★
- Partners with over 75 lenders
- Wide range of different types of financing
- Options for bad credit
- Not a direct lender
- Some lenders may require paperwork
Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
In need of a hassle-free, easy business loan? A no-document (no-doc) lender may be worth looking into.
No-doc business loans can be a good choice for small businesses owners that need short-term working capital fast. By connecting to your accounting software and bank accounts, no-doc lenders can often fund a business loan by the next business day.
But for larger loans over $100,000, even no-doc lenders might ask for some kind of paperwork. No-doc lenders also tend to charge higher rates and fees than a traditional bank loan. If costs are your main concern, consider a bank first.
Lendio business loans
Finder rating 4.75 / 5 ★★★★★
OnDeck short-term loans
Finder rating 4.6 / 5 ★★★★★
Fundbox lines of credit
Finder rating 4.2 / 5 ★★★★★
National Funding business loans
Finder rating 4.65 / 5 ★★★★★
BlueVine invoice factoring advances
Finder rating 4.45 / 5 ★★★★★
|Loan amount||$5,000 – $5,000,000|
|APR||0.2% to 1.3%|
|Min. Credit Score||530|
Kickpay e-commerce business loans
Finder rating 3.9 / 5 ★★★★★
|Loan amount||$20,000 – $1,000,000|
Fora Financial business loans
Finder rating 4.1 / 5 ★★★★★
Compare no-doc and low-doc lenders side by side.
|Lender||APRs||Loan amounts||Turnaround||Loan terms|
|Lendio||Starting at 6%||$500 to $5,000,000||Not stated||1 to 25 years|
|OnDeck||29.9% to 99.9%||$5,000 to $250,000||Quick as 1 day||3 to 24 months|
|Fundbox||Not stated||$1,000 to $150,000||1 to 3 days||12 or 24 weeks|
|National Funding||Not stated||$5,000 to $500,000||1 to 3 days||4 to 24 months|
|BlueVine||0.2% to 1.3%||$5,000 to $5,000,000||Few hours||Not applicable|
|Kickpay||3% to 7% of inventory’s manufacturing price||$20,000 to $1,000,000||2 to 9 days||16 weeks|
|Fora Financial||Varies||$5,000 to $750,000||Minimum 3 days||4 to 15 months|
Our team reviewed over 220 business loan providers before selecting the best no-doc lenders. We selected these lenders based on the documentation requirements, turnaround time, requirements, rates, loan term and customer reviews on Better Business Bureau (BBB) and Trustpilot. We also included options for a wide range of financing needs.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
A no-doc business loan doesn’t mean you won’t fill out any forms — it just means you won’t be required to complete paper forms or fax documents to your lender.
In some cases, you can get around document requirements completely by connecting with your business’s other online accounts. This is particularly common with e-commerce seller financing, especially if you’re borrowing from a platform like PayPal or Amazon.
Some lenders are low doc rather than no doc. They require you to submit an online application and PDFs of a few key documents. You might also need to give them access to certain business accounts for verification.
When comparing no-doc lenders to find the best one for your business needs, ask these five important questions:
Aside from the sheer convenience of applying with an online no-document lender, they can actually be much faster than your run-of-the-mill bank.
Bank applications can take weeks or months, where no-doc loans may deliver your money in days. With online applications, your lender can process information quickly and with a smaller underwriting staff.
No-paperwork business loans are also faster because lenders typically ask for access to your accounting software and bank accounts online. It cuts down on the time it takes to provide documentation and speeds up the underwriting process by giving your lender raw data — rather than answers that need to be verified.
Overall, working with a no-doc lender can lead to an easier business loan process.
A simple online form to find lenders — but it lacks specific information to help guide your choice.
Get connected with a local lender with options for bad credit.
Bankers Healthcare Group isn’t just for licensed healthcare workers. Compare large loans up to $200,000 with this legit online lender.
It may be owned by a top lender, but that doesn’t mean it’s upfront.
TBH, we’re a bit surprised.
Here’s where to get financial help for yourself and your business if you’ve been affected by the storm in February 2021.
Lenme connects borrowers to investors through its simple app.
Compare 7 lenders to find one that’s a good fit for your needs.
This lender offers cash advances to up your employer’s 401(k) or ESPP contribution for a flat fee starting at 6% of your returns.
Options for everything from small tanks that fit under your sink to complicated underground installations.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.