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No Credit Check Business Loans: Best Options to Consider

It can be a challenge to secure business financing, especially if you have no credit or bad credit. That’s where no credit check business loans come in. With a no credit check business loan, a lender may approve you for a loan regardless of your credit.

Best No Credit Check Business Loans
Anna Baluch
Written by:Anna Baluch
Personal Finance Writer

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While no credit check business loans might help you out if you don’t have the best credit, many of them are expensive. The good news is there are some reputable lenders that offer these small business loans with reasonable rates and fees. Instead of focusing on your credit, they consider other factors like your annual revenue and time in business. Our team of financial experts reviewed and ranked the top no check business loans lenders to help you get funded.

Best Business Acquisition Loans to Consider in 2022

In this review, we highlight the terms, rates and fees of each lender, and explain what makes them a good choice. We also share potential downsides of each company, and provide a rating methodology you can use to select the best equipment financing option for your needs.


Best No Credit Check Business Loans for 2023 - Full Overview

Upstart: Best for Bad Credit Loans


Upstart is an artificial intelligence (AI) marketplace with a focus on bad credit borrowers. You can get approved for a loan ranging from $5,000 and $200,000, as long as you have a credit score of at least 550

Easy application
Instant decisions
Excellent reviews
Not an option for new businesses
Origination fees
Limited availability

Upstart lets you borrow between $5,000 and $200,000 with repayment terms of 1 or 2 years. Its interest rates are capped at 35.99%. While there are no prepayment fees, the lender does charge rate payments fees of $15 or 5% of past due amount. Repayment will begin 20 to 40 days after your loan is originated.

For a chance of approval, you need a minimum credit score of 550 and proof that you’ve been in business for 12 months and longer. Even though you don’t need to earn a certain annual revenue, your business must be registered as LLC, LLP, S-Corp, or C-Corp and have an IRS EIN number. At this time, Upstart loans are not available to new or unregistered businesses, sole proprietorships, or nonprofits.

The Bottom Line

Since Upstart accepts borrowers with credit scores as low as 550, it’s certainly worth considering if your credit isn’t in the best shape. You can get approved instantly and receive your funds in as little as one business day.

Try Upstart

Fundbox: Best for Smaller Loans

Fundbox is an artificial intelligence (AI)-based alternative lender. Its lines of credit and term loans start at $1,000. If you only need to borrow a small amount of money for your business, Fundbox may be a good option.

Fast approvals
No extra fees
Easy repayments
High rates
Small maximum amount
Short repayment terms

Fundbox term loans and lines of credit can be anywhere from $1,000 to $150,000 with APRs that start around 18% to 20%. There are no origination fees, prepayment fees, or maintenance fees for the term loans and lines of credit. 

If you choose a line of credit, you may be charged late payment fees and interest rates of 4.66% for 12 week terms and 8.99% for 24 week terms. Term loans come with late payment fees that are added to the end of the payment plan and rates of 8.33% for 24 week terms and 18% for 52 week terms.

To qualify, you must have a credit score of at least 600, minimum annual revenue of $100,000, and business history of six months or more. 

The Bottom Line

If you don’t have to borrow a lot of cash because you have capital from other sources, Fundbox can be a great option for a small loan.You can get approved quickly and won’t have to pay other fees you may find elsewhere.

Try FundBox

Uncapped: Best For Larger Loans


Uncapped offers revenue-based financing in which you pay back what you borrow as a percentage of your sales. If you need a larger loan to cover major expenses, Uncapped might be a solid pick because its loans go up to $10 million. 

May borrow up to $10 million
Quick decisions
No minimum credit score
Limited customer support
High monthly revenue requirement
Not for startups

With revenue-based financing from Uncapped, you’ll pay a flat fee between 2% and 12% of the loan amount instead of interest. There’s no set repayment date as the term will be based on your revenue. But repayment is usually 5% to 25% of the revenue you earn. Unlike many lenders, Uncapped doesn’t charge origination, prepayment, late payment and maintenance fees. Also, if your revenue comes to a halt, your repayment will too. 

While you don’t have to meet a credit score requirement, you will need to show at least 6 months in business and a minimum monthly revenue of $10,000. Plus, Uncapped will ask you to connect to your sales data from various platforms like Stripe, Amazon, and Shopify. The lender does not currently lend to startups.

The Bottom Line

If you’re an ecommerce business who would like to borrow a large sum of money, Uncapped’s revenue-based financing may be the ultimate solution. You can borrow up to $10 million and won’t be required to sign a personal guarantee.

Fora Financial: Best for Merchant Cash Advance

Fora Financial

Fora Financial is a fintech lender with several products, including merchant cash advances (MCAs). An MCA is when you receive a set amount of money at once in exchange for a percentage of the future debit and credit card sales. Fora’s MCAs offer fast funding and flexible repayment terms.

Flexible requirements
Quick application
Fast funding
Rates might be high
Daily or weekly repayments

With a Fora MCA, you can borrow anywhere from $5,000 to $500,000 against your future card transactions and make monthly repayments. It differs from Fora short-term loans in that the terms are more flexible. 

You’ll pay a factor rate of  1.1 to 1.9 and a borrowing fee of 10% to 30% of the loan. The lender charges an origination fee of 2.5% of the loan amount and late payment fees of $35 but you can land an early repayment discount if you pay off your loan ahead of schedule. 

You may get approved with a credit score of at least 500 and $12,000 minimum in earnings, as long as you have a business track record of 6 months or more. Fora will also require that you earn at least $5,000 per month in credit card sales. 

The Bottom Line

A MCA from Fora should be on your radar if you need fast cash and most of your customers pay you via debit and credit cards. Depending on when you apply, you can receive the funds you need within 72 hours.

Square Loans: Best for Fast Funding

Square Loans

Square offers fixed-rate loans to its customers. If you’re already a Square customer and can’t wait long for your funds, a Square loan may be worthwhile. Upon approval, you may receive your money within 24 hours. 

Fast funding
No extra fees
Credit doesn’t matter
Must be a Square customer
Daily repayments
Application can be confusing

Square loans range from $300 to $250,000 with factor rates between 1.10 and 1.16. You’ll pay back your loan through daily deductions from your debit and credit card sales. Since there are no origination, prepayment, or maintenance fees, you can easily figure out how much you;ll be charged on a daily basis. 

Plus there are no late fees as your repayments will be automatically deducted from your card sales. As long as you’re a Square customer, process at least $10,000 per year in sales, and have a mix of new and returning customers, you can get approved. 

Keep in mind that if your loan is over $75,000, you’ll need to sign a blank lien, meaning Square can seize your business assets to pay for the debt if necessary. 

The Bottom Line

If your business uses Square and you need fast cash, a Square loan might check off all your boxes. You can get approved and funded within 24 hours of approval without paying extra fees, regardless of your credit score.

Try Square

How We Choose the Best No Credit Check Business Loans?

Even though it can be difficult to find no credit check business loans for bad credit check business loans, it’s not impossible. As you shop around, it’s a good idea to compare products so you can choose the ideal option for your unique business. While ranking the best no credit check business loans, our experts prioritized the following. 

  • Loan Features: Loan features refer to loan terms, loan amounts, and repayment plans. Some lenders are known for lengthy terms, high amounts, and flexible repayment options, which are usually preferred if you’re a small business owner. 
  • Application Process: Chances are you’re busy running your business and don’t have a lot of time to apply for a loan. That’s why we gave bonus points to lenders with online pre qualifications and short application forms.
  • Interest rates and fees: Since interest rates and fees will determine your overall cost of borrowing, we looked for lenders who offer reasonable interest rates and low fees 
  • Qualification process: All of the lenders we found are willing to extend business financing to borrowers with less-than-perfect credit. But some are more lenient with other criteria, like annual revenue and time and business.  
  • Customer support: No matter how long or short your loan terms are, customer support is important. We focused on lenders who offer support via phone, email, live chat, and website tools.
  • Online user reviews: Reviews and ratings on independent, third-party sites like Trustpilot and Better Business Bureau (BBB) indicate the reputation of lenders who offer no credit check business loans. 
  • Perks and Bonuses: Extras like unemployment protection and hardship assistance, can add value to a no credit check business loan.


Main Features of the Best No Credit Check Business Loans

CompanyMin. Credit ScoreMin. Time in BusinessMin. Annual RevenueLoan AmountInterest Rate
Upstart55012 monthsNot disclosed$5,000 to $200,000Up to 35.99%
UncappedNone6 months$120,000$10,000 to $10 millionFlat fee of 2% to 12% of the loan amount
Fora Financial5006 months$12,000$5,000 to $500,000Not disclosed
Fundbox6006 months$100,000$1,000 to $150,00018% to 20%
Square LoansNoneNone$10,000$300  to $250,000Factor rates between 1.10 to 1.16


What is a No Credit Check Business Loan?

A no credit check business loan doesn’t require a credit check. When you apply for one, the lender won’t pull your credit. Instead, they might consider other factors, such as your annual revenue and how long you’ve been in business. If you don’t have the best credit, you’ll find it easier to get approved for a no credit check loan than for a loan with rigorous credit criteria.


Pros and Cons of Business Loans With No Credit Check

As with any type of financing, there are benefits and drawbacks of no credit check business loans, including.


  • Easy access to funding: With a no credit check business loan, you can receive the capital you need, no matter your credit score. 
  • Can improve your credit: If you repay your loan on time, every time, your credit score will slowly but surely improve.
  • Fast applications: Most lenders who offer business loans without a credit check let you apply online quickly with minimal to no documentation. 


  • Higher interest rates: You may have to settle for higher than average interest rates, which make your loan more expensive. 
  • Additional fees: Some lenders charge extra fees, like origination fees and prepayment penalties.
  • Limited options: It can be difficult to find lenders who offer no credit check business loans. 


How to Get a Business Loans With No Credit Check

If you’re interested in a business loan with no credit check, understand that the application process may vary from lender to lender. In general, however, you’ll have to follow these steps.

  • Shop around: Do your research and explore various lenders who offer no credit check business loans.
  • Choose a lender: Select a lender that makes the most sense for your unique situation.
  • Fill out the online application: Visit the lender’s website and carefully fill out their online application. 
  • Wait for approval: Most lenders will approve you the same day you apply, within 24 hours, or in a few business days.


Types of No Credit Check Business Loans

There are several types of no credit check business loans, such as:

  • Short-term loans: These loans come with shorter repayment terms, ranging from a few weeks to a few months. 
  • Lines of credit: Lines of credit let you borrow as much or as little as you’d like, up to a set credit limit.
  • Merchant cash advances (MCAs): With MCAs you receive fast cash in exchange for a percentage of your credit and debit card sales.
  • Equipment loans: Equipment loans are specifically designed to cover the cost of new or used equipment for your business.


Alternatives to No Credit Check Business Loans 

If you decide that no credit check business loans aren’t for you, consider these alternatives:

  • Crowdfunding:With a crowdfunding campaign, you can raise capital for your business from people who believe in it. You may use an online platform like GoFundMe or Kickstarter to simplify the process. 
  • Friends and family: If your family member or close friend supports your business, they might lend you money with low interest or no interest. If you go this route, be sure to put the loan agreement in writing so that everyone is on the same page.
  • Small business grants: Federal, state, and local governments offer grants to small business owners. While grants are competitive, they’re worth applying for as you don’t need good credit and won’t have to worry about paying them back. 
  • Business credit cards: Some credit card issuers may approve you for a credit card with average or poor credit. You can enjoy interest free borrowing plus rewards if you repay your balance in full each month.



No credit check business loan may make sense if you need capital for your business but don’t have good or excellent credit. Before you commit to one, however, make sure you can afford to pay it back. Also, be wary of predatory lenders who charge sky-high interest rates and fees to make up for their flexible credit requirements.

Frequently Asked Questions(FAQ)

What loans do not do a credit check?

Some lenders offer no credit check business loans, usually in the form of short term business loans and merchant cash advances (MCAs). Although these loans don’t require a personal guarantee and can be difficult to find, they do exist. You may be better off looking for a bad credit business loan instead. 

What is the minimum credit score for a business loan?

Minimum credit score requirements vary from lender to lender. But most lenders will look for a credit score in the 500 to 600 range as well as a minimum annual revenue and a certain amount of months or years in business. A strong credit score can lead to low rates and favorable terms. 

Can I get a start up business loan with a 500 credit score?

Some lenders have more lenient credit score requirements than others and will approve you with a 500 credit score. Fora Financial is one example of a lender who accepts borrowers with credit scores as low as 500. Other lenders like Uncapped, for example, don't have a minimum credit score requirement.

About the Author

Anna Baluch

Written by: Anna Baluch

Personal Finance Writer

Freelance copywriter who enjoys writing for large publications as well as startups, small to medium sized businesses.

More about me