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
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4.3
See Loan Options
Qualifications:
Kiva
$1,000/$15,0000% interestMicroloanApply NowSquare Loans
$300/$250,000UnlistedShort-term loanApply NowPayability
Up to $250,0001% weekly feeMerchant cash advanceApply NowPayPal Working Capital
Up to $200,000UnlistedShort-term loanApply NowStripe Capital
UnlistedUnlistedShort-term loanApply NowData 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
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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 NowAccion Opportunity Fund
$5,000/$100,0005.99% interestTerm loanApply NowLendr
$5,000/$500,00012% feeMerchant cash advance & invoice factoringApply NowForward Financing
$5,000/$300,000UnlistedMerchant cash advanceApply NowNational Business Capital
$10,000/$5,000,000UnlistedEquipment financing, business line credit, term loans, & moreApply NowData 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..