How to get a business loan with no credit

Finding a small business loan with no credit check can be a daunting task, but it’s not impossible. Learn about our top no credit check loan recommendations.

• Shannon Vissers The former editor-in-chief of SteelOrbis, Shannon has been researching and writing about small business software and financing since 2015. Her shopping and retail expertise has been cited in numerous publications, including Reader's Digest, MSN, Yahoo Finance, and GOBankingRates . She has also published articles for LIVESTRONG.COM, eHow, Life'd, and other websites. Shannon attended San Diego State University, graduating in 2005 with a BA in English.

  We found the best lenders that don’t check your credit at all (and some that accept bad credit scores).

  Best overall

  

  Kiva

  

  3.6

  0% interest

  • 

  Square Loans

  

  3.5

  Rates unlisted

  • 

  Payability

  

  2.8

  Starting at

  1% weekly fee

  • 

  PayPal Working Capital

  

  2.8

  Rates unlisted

  • 

  Stripe Capital

  

  2.7

  Rates unlisted

  • 

  By Chloe Goodshore

  Senior Business Funding Staff Writer

  December 05, 2022

  9 min read

  Share Article

  
  

  4.3

  See Loan Options

  Qualifications:

  Kiva

  $1,000/$15,0000% interestMicroloanApply Now

  Square Loans

  $300/$250,000UnlistedShort-term loanApply Now
  

  Payability

  Up to $250,0001% weekly feeMerchant cash advanceApply Now
  

  PayPal Working Capital

  Up to $200,000UnlistedShort-term loanApply Now

  Stripe Capital

  UnlistedUnlistedShort-term loanApply Now

  Data as of 10/14/22. Offers and availability may vary by location and are subject to change.

  No-credit loans 101

  Very few lenders offer loans without checking your credit. So while our top five picks truly don’t look at your credit, our honorable mentions will. They just accept bad credit scores (scores under 600).

  Either way, no-credit and bad-credit business loans come at a high cost. Often that cost is higher interest rates or loan fees, but it can also be longer funding times (like with Kiva) and shorter repayment terms.

  That means that no-credit loans can offer a good short-term solution. But long term, you need to have a plan for improving your personal credit score so you can qualify for the best small-business loans―ones with lower rates and longer terms.

  There are plenty of simple ways to improve your credit score, like using and paying off a secured business credit card, paying off other debts, and even paying your utilities (in some cases).

  But while you work on your credit score, you’ve got these no-credit business loans to tide you over.

  Kiva: Best overall small-business loan with no credit check

  Kiva

  Kiva

  

  3.6

  Starts at

  0% interest

  Square Loans

  

  3.5

  Rates unlisted

  • 

  Applying for a small-business loan soon?

  Our free checklist can help you understand what lenders are looking for.

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  Payability: Best for ecommerce sellers

  Payability

  

  Payability

  

  2.8

  Starts at

  1% weekly fee

  • 

  PayPal Working Capital

  

  2.8

  Rates unlisted

  Stripe Capital

  

  2.7

  Rates unlisted

  Lendio

  $1,000/$5,000,000–Invoice factoring, line of credit, & merchant cash advanceApply Now
  

  Accion Opportunity Fund

  $5,000/$100,0005.99% interestTerm loanApply Now
  

  Lendr

  $5,000/$500,00012% feeMerchant cash advance & invoice factoringApply Now
  

  Forward Financing

  $5,000/$300,000UnlistedMerchant cash advanceApply Now
  

  National Business Capital

  $10,000/$5,000,000UnlistedEquipment financing, business line credit, term loans, & moreApply Now

  Data as of 10/14/22. Offers and availability may vary by location and are subject to change.

  Lendio: Best for bad credit

  Lendio

  Lendio

  • 

  Accion Opportunity Fund

  Starts at

  5.99% interest

  • 

  Lendr

  Starts at

  12% fee

  • 

  Forward Financing

  Rates unlisted

  • 

  National Business Capital

  Rates unlisted

  • 

  Written by

  Chloe Goodshore

  Chloe covers business financing and loans for Business.org. She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.

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  What is the minimum credit score for business loan?

  Secure a loan after proving repayment abilities with a score of less than 650. Scores below 650 aren't the best and can be termed as average, fair or even poor. You may even find that your lender requires that the minimum CIBIL score for business loan applications be equal to 650 and above.

  How can I get a loan with no credit?

  Here are some options to explore if you're looking for a no-credit loan..

  No-credit-check loans. Some lenders may offer loans without checking your credit. ... .

  Payday alternative loans. ... .

  Get a co-signer. ... .

  Apply for a secured credit card. ... .

  Apply for a credit-builder loan. ... .

  Apply for a secured loan..