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7 No Credit Check Business Loans
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.
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Expert Analyst & Reviewer
UPDATED
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
You need extra capital for your business, and a small business loan seems like the logical next step. But how do you get a loan when you want to avoid a credit check? The answer lies in no credit check business loans.
Maybe your credit score is low, and you don’t think you’ll qualify for a loan or other financing. On the flip side, you may have a great credit score, and you don’t want to tarnish your report with inquiries from lenders. No matter your reasoning, there are plenty of small business loans with no credit check and even some same-day small business loans with no credit check.
Read on to learn about the best no credit check business loans.
Learn More About Our Top Picks
| Company | Best For | Next StepsBest For |
|---|---|---|
Revenued Business Card  |
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American Express Business Loans  |
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Square Capital  |
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PayPal Working Capital  |
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Kiva U.S.  |
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| Show More Options | ||
Benetrends  |
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Shopify Capital  |
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| Show Fewer Options |
Read more below to learn why we chose these options.
Table of Contents [hide][show]
- The Best 7 No Credit Check Small Business Loans
- 1. Revenued: Best No Credit Check Business Credit Card
- 2. American Express Business Loans: Best For AMEX Business Cardholders
- 3. Square Capital: Best No Credit Check Business Loan For Square Merchants
- 4. PayPal Working Capital: Best No Credit Check Business Loan For PayPal Sellers
- 5. Kiva U.S.: Best For Crowdfunding A Microloan
- 6. Benetrends: Best For Using A 401(K) To Start A Business
- 7. Shopify Capital: Best No Credit Check Business Loan For Shopify Merchants
- Other Business Lenders For Bad Credit
- Alternatives To Small Business Loans With No Credit Check
- Hard VS Soft Credit Inquiries
- How To Know If You Have Good Or Bad Credit
- What If You Aren't Eligible For A No Credit Check Small Business Loan?
- FAQs About No Credit Check Small Business Loans
- Can You Get A Small Business Loan Without A Credit Check?
- In Summary: The Best 7 No Credit Check Small Business Loans
Table of Contents
- The Best 7 No Credit Check Small Business Loans
- 1. Revenued: Best No Credit Check Business Credit Card
- Why We Chose Revenued For No Credit Business Loans
- Revenued Eligibility Requirements
- Revenued Rates & Fees
- 2. American Express Business Loans: Best For AMEX Business Cardholders
- Why We Chose American Express Business Loans For No Credit Check
- AMEX Business Loans Rates & Fees
- AMEX Business Loans Eligibility Requirements
- 3. Square Capital: Best No Credit Check Business Loan For Square Merchants
- Why We Chose Square Capital For Small Business Loans With No Credit Check
- Square Capital Rates & Fees
- Square Capital Eligibility Requirements
- 4. PayPal Working Capital: Best No Credit Check Business Loan For PayPal Sellers
- Why We Chose PayPal Working Capital For No Credit Check Business Loans
- PayPal Working Capital Rates & Fees
- PayPal Working Capital Eligibility Requirements
- 5. Kiva U.S.: Best For Crowdfunding A Microloan
- Why We Chose Kiva For No Credit Check Small Business Loans
- Kiva US Rates & Fees
- Kiva US Eligibility Requirements
- 6. Benetrends: Best For Using A 401(K) To Start A Business
- Why We Chose Benetrends For No Credit Check Business Financing
- Benetrends Rates & Fees
- Benetrends Eligibility Requirements
- 7. Shopify Capital: Best No Credit Check Business Loan For Shopify Merchants
- Why We Chose Shopify Capital For No Credit Check Business Loans
- Shopify Capital Rates & Fees
- Shopify Capital Eligibility Requirements
- Other Business Lenders For Bad Credit
- Alternatives To Small Business Loans With No Credit Check
- Hard VS Soft Credit Inquiries
- How To Know If You Have Good Or Bad Credit
- What If You Aren't Eligible For A No Credit Check Small Business Loan?
- FAQs About No Credit Check Small Business Loans
- How can I get a business loan with no credit check?
- Where can I get a no credit check business loan?
- Do banks offer no credit check business loans?
- What is the easiest business loan to get with no credit check?
- Are there drawbacks to getting a no credit check business loan?
- How do I check my credit score?
- Can you get a business loan with no credit score?
- Can I get a business loan with a bad credit score?
- Can You Get A Small Business Loan Without A Credit Check?
- In Summary: The Best 7 No Credit Check Small Business Loans
The Best 7 No Credit Check Small Business Loans
As follows are some of our favorite small business loans with no credit check. These no credit check business loans do not perform a hard credit pull or even a soft credit pull. The following lenders are also highly rated (4+ stars) by Merchant Maverick.
1. Revenued: Best No Credit Check Business Credit Card
Revenued Business Card |
|---|
Annual Fee
$0Minimum Recommended Credit
N/ARewards Rate
3% cash back on eligible purchasesPros
- 3% cash back
- $500 welcome offer
- No annual fee
- Access to cash advances
Cons
- Doesn’t report to credit bureaus to help you build credit
- Doesn’t let you carry a balance
- Not available to startups
Get Started With Revenued Business Card
2. American Express Business Loans: Best For AMEX Business Cardholders
American Express Business Loans |
|---|
Pros
- No origination fee
- Repay early with no penalty
- Reasonable borrowing rates
- Good customer service
Cons
- Only available to AMEX business cardholders
Get Started With American Express Business Loans
3. Square Capital: Best No Credit Check Business Loan For Square Merchants
Square Capital |
|---|
Pros
- Good borrowing rates
- Relaxed borrower requirements
- Fast and convenient
- No collateral required for loans under $75,000
Cons
- Only available to Square sellers
- Merchants can’t apply for offers; they can only receive them
Get Started With Square Capital
4. PayPal Working Capital: Best No Credit Check Business Loan For PayPal Sellers
PayPal Working Capital |
|---|
Pros
- Simple application process
- Relaxed borrower requirements
- Same day funding—approved loans funded in minutes
- No personal guarantee
Cons
- Only available to PayPal sellers
- The borrowing rate can be high
Get Started With PayPal Working Capital
5. Kiva U.S.: Best For Crowdfunding A Microloan
Kiva U.S. |
|---|
Pros
- No interest or other fees
- Long repayment term
- Monthly repayments
- No business qualifications needed
Cons
- Low borrowing amounts
- Must solicit lenders from personal network
- Not available in Nevada or North Dakota
6. Benetrends: Best For Using A 401(K) To Start A Business
Benetrends |
|---|
Pros
- Startup-friendly
- Business loan alternative
- No upfront taxes or early withdrawal penalties
- Includes legal compliance
Cons
- Risky if you don’t have any additional retirement savings
- Requires setup fee and ongoing monthly fees
7. Shopify Capital: Best No Credit Check Business Loan For Shopify Merchants
Shopify Capital |
|---|
Pros
- Wide range of borrowing amounts
- Competitive rates
- Relaxed borrower requirements
- No repayment deadline for cash advances
Cons
- Only available to Shopify sellers in certain states
- No way to apply; Shopify will reach out to qualified candidates
Get Started With Shopify Capital
Other Business Lenders For Bad Credit
The following two lenders didn’t make our list of no credit check loans because they do involve a credit check. However, they do offer loans to businesses with bad credit or limited credit history, so you can apply even if you don’t have good credit.
BusinessLoans.com: Best Business Loan With No Credit Score Requirement
BusinessLoans.com is a reputable business lending marketplace with multiple financing options for businesses with bad credit. While you do have to submit to a soft credit check during the initial application, you will likely still receive loan offers even if you have bad credit, as there is no minimum credit score requirement to apply. If, in fact, you don’t receive any offers, your credit still won’t be negatively impacted from applying since it’s just a soft pull. So, you shouldn’t let poor credit deter you from applying to BusinessLoans.com.
Upstart: Best Small Business Loan For No Credit
Upstart is an online lending company that offers personal loans, which can be useful for brand-new startups that can’t get a business loan yet. Though Upstart does prefer applicants with at least fair credit, they also take into account other factors, such as whether you have a college education, and will accept applicants with limited or even no credit history. As with BusinessLoans.com, you can apply to Upstart with only a soft credit inquiry, and you won’t have to undergo a hard check until you accept a loan offer.
Alternatives To Small Business Loans With No Credit Check
Other than no credit check business loans, here are a few financing options for businesses that have bad credit or don’t want to add a hard pull to their credit report.
Hard VS Soft Credit Inquiries
It’s important to know the difference between hard and soft credit checks when applying for loans. While none of the six lenders discussed in this post require a soft or a hard credit inquiry, most small business lenders do both a soft and a hard credit inquiry at different points in the loan approval process.
Soft Credit Inquiries
A soft credit inquiry — or soft credit pull — does not affect your credit. Soft credit pulls are used to verify your identity and give lenders an overall picture of your creditworthiness. A soft credit check is usually performed during the prequalification stage to ensure you meet the lender’s basic requirements. From this check, the lender can see your credit score, but the inquiry won’t ding your score or show up on your credit report.
Hard Credit Inquiries
A hard credit inquiry — or hard credit pull — will affect your credit. It will also show up on your credit report. This credit pull gives lenders a more specific, detailed view of your credit history. Lenders can use this information to determine your loan approval, interest rates and/or fees, and if collateral or a cosigner is required. A hard credit pull is usually only performed during underwriting after you accept a loan offer.
Because a hard inquiry is typically only performed during the final underwriting stage before funding, you can apply and be pre-approved for multiple online loans without ever incurring a hard credit check. Usually, online lenders will make it clear that applying will not affect your credit score, meaning they only do a soft credit pull.
Impact On Your Credit Report
So you don’t need to avoid applying to loans that require soft credit checks because you’re afraid of it hurting your credit score or showing up on your credit report. Even if you shop around and are pre-approved for multiple loans, you will typically only have to submit to one hard credit check during the final approval stage for whichever loan offer you accept. Just make sure that the lender specifies that they won’t do a hard pull on your credit when you apply.
How To Know If You Have Good Or Bad Credit
The main way to know if you have good or bad credit is to check your FICO score. You can do this using a free credit score site like WalletHub or Credit Karma.
FICO Credit Score Tiers
Generally speaking, your FICO credit score is good if it’s 700 or higher. But that doesn’t mean that you can never qualify for a loan if you fall within a lower credit tier. Let’s take a look at the different FICO credit score tiers.
What If You Aren't Eligible For A No Credit Check Small Business Loan?
It may be the case that you are unable to get a no credit check loan — for example, if you don’t meet the qualifications for the above lenders because of time-in-business, business revenue, or other requirements. Still, you do have some options:
- Improve Your Credit Score: If bad credit is what’s holding you back, the first thing you should do is try fixing up that tarnished credit report. Also, learn how long it takes to improve your credit score here.
- Apply For Bad Credit Loans: If you can at least get your credit score to the 500s, you might qualify for a bad credit business loan, even as a startup. Explore our picks for best small business loans for startups with bad credit.
- Apply For Grants: As mentioned above, grants can be a source of free business financing when you’re not able to get a loan. Learn how to find federal, state, & local government small business grants.
- Look For Investors: If you have an innovative startup, you might attract investors who want equity in your company. You can seek out investors through equity crowdfunding, seed funding, or venture capital.
- Agree To A Soft Credit Check: Again, a soft credit check won’t show up on your report, so there’s really no reason to avoid them. Online business loan matchmaking services such as BusinessLoans.com will perform a soft credit check to show you what loans you might be eligible for. This way, you can at least explore your options.
- Get A Business Credit Card: If the amount you need to borrow isn’t that large, you may be able to use a credit card instead. Yes, the best business credit cards require good credit, but there are also business credit cards for bad credit such as Revenued, and cards that will help you build credit while financing your business expenses.
FAQs About No Credit Check Small Business Loans
Can You Get A Small Business Loan Without A Credit Check?
While getting a small business loan with no credit check is possible, it’s important to remember that your options will be limited. Traditional business lenders that offer low-interest loans will always perform a credit check before approving a loan.
Finding a business loan with no credit check can be a daunting task, but it’s not impossible. Before applying for these loans, be aware of the higher costs, additional requirements, and other special considerations. Remember, your goal is to find an affordable loan that gives the best return on investment, so you can launch or build your business without taking on unnecessary debt.
Want more business financing options? Read up on the best business credit cards for bad credit or explore alternative financing for small businesses.
In Summary: The Best 7 No Credit Check Small Business Loans
- Revenued Business Card:
- Offers: Business credit card and cash advances
- Revenue Requirements: $15K/month
- Factor Rate: 1.1-1.5
- American Express Business Loans:
- Offers: Business loans up to $75K
- Revenue Requirements: N/A
- Interest Rate: 6.98-19.97%
- Square Capital:
- Offers: Business loans up to $250K
- Revenue Requirements: $10K/yearly
- Factor Rate: 1.10-1.16
- PayPal Working Capital:
- Offers: Business loans up to $250K
- Revenue requirements: $15K/yearly
- Factor rate: 1.01-1.58
- Kiva U.S.:
- Offers: Business loans up to $15K
- Revenue Requirements: N/A
- Interest Rate: N/A
- Benetrends:
- Offers: ROBS
- Revenue Requirements: N/A
- Interest Rate: N/A
- Shopify Capital:
- Offers: Business loans up to $2 million
- Revenue Requirements: N/A
- Factor Rate: 1.1-1.13
Shannon Vissers
Expert Analyst & Reviewer at Merchant Maverick
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.
View Shannon Vissers's professional experience on LinkedIn.
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