Best Business Loans with No Credit Check in June 2026: How to Get Funding Without a Hard Inquiry
Get a business loan without a hard credit check from lenders like OnDeck, which funds as fast as the same day, or Kiva, which has no minimum credit score requirement.
- No-credit-check business financing relies on factors like revenue, sales history or unpaid invoices instead of a hard credit inquiry.
- Options range from revenue-based financing and merchant cash advances to invoice factoring and nonprofit microloans.
- These financing products often cost more than traditional business loans, so compare the total repayment amount before accepting an offer.
- Some lenders skip credit checks entirely, while others use a soft credit pull that won’t affect your credit score.
- Watch for predatory lenders — guaranteed approval claims and upfront fees are common warning signs.
| Lender | Best for | Starting rate | Amount | Term | |
|---|---|---|---|---|---|
|
PayPal users | Not specified |
$1k – $300k |
Varies based on your sales | |
|
Fast funding | 35.26% (APR) |
$5k – $400k |
Up to 24 months | |
|
No credit requirements | 0.00% | Up to $15k | 12 to 36 months | |
|
Square sellers | Not specified |
$100 – $350k |
Varies based on your sales | |
|
Invoice factoring | 1.90% | Unlimited (Based on outstanding invoices) | Not specified |
Our picks for best no-credit-check business loans
Best for: PayPal users – PayPal
- Starting rate
- Not specified
- Simple and convenient for existing PayPal Business users
- Funding available in minutes if approved
- No hidden fees or prepayment penalties
- Fixed fee is not publicly disclosed
- Loan amount tied to your PayPal sales history
- Only available to PayPal Business or Premier account holders
PayPal working capital skips the credit check entirely, basing your loan eligibility on your PayPal account history instead, making it a strong option if your credit isn’t where you’d like it to be. PayPal Business users may qualify for a working capital loan from $1,000 to $200,000, or up to $300,000 for repeat borrowers.
You’ll repay your loan with a percentage of your ongoing PayPal sales, and you get to choose how much you’re willing to pay from each sale. You will need to meet the minimum payment due for each 90-day period.
PayPal charges a flat fee rather than an interest rate, similar to a factor rate. This lets you know up front how much you’ll pay. However, it can make comparing costs across lenders more complicated.
→ Check out LendingTree’s full PayPal review.
To qualify for a working capital loan, you’ll need to have a PayPal Business or Premier account for at least 90 days. With a Business account, you will need to process a minimum of $15,000 in annual PayPal sales; with a Premier account, you’ll need a minimum of $20,000.
Best for: Fast funding – OnDeck
- Starting rate
- 35.26%
Minimum APR offered to at least 5% of customers (not the lowest rate offered)
- Same-day funding available
- Funds can be used for a wide range of business needs
- Timely payments can help build business credit
- Daily or weekly loan payments required
- Higher interest rates than traditional lenders
OnDeck never runs a hard credit check, but a soft pull is required for approval, which won’t affect your credit score. That makes it one of the more accessible options on this list for borrowers who need to protect their credit.
Speed is OnDeck’s other standout. Qualified borrowers can receive funds the same day, with most others funded in two to three business days.
Keep in mind that OnDeck does require a minimum credit score of 625, so it’s best suited for borrowers who have some credit history but want to avoid a hard inquiry.
→ Check out LendingTree’s full OnDeck review.
- Minimum credit score: 625
- Minimum time in business: 12 months
- Minimum annual revenue: $100,000
Best for: No credit requirements – Kiva
- Starting rate
- 0.00%
- 0.00% interest — no cost to borrow
- No minimum credit score, time in business or annual revenue requirements
- Loan amount depends on funds raised during the Private Fundraising Period
- Application review takes up to two weeks
Kiva is the only lender on this list with no credit score requirement whatsoever — though you will be asked to self-report your credit history. This makes its microloan the strongest option for borrowers who are just starting out or have no credit at all. However, to qualify, you cannot currently be in foreclosure, bankruptcy or under any liens. A soft credit pull — which does not impact your credit score — will be used to verify your credit history.
The 0.00% interest rate is equally rare. There are no fees to repay beyond the loan principal, which keeps total borrowing costs low.
The tradeoff is the Private Fundraising Period. Before your loan is publicly listed on Kiva’s platform, you’ll need to rally a small group of friends, family and supporters to back your cause. The amount you raise during this period directly affects your final loan amount.
Unlike traditional lenders, Kiva does not set minimum credit score, time in business or annual revenue requirements. Instead, borrowers will need to prove the marketability of their business through the Private Fundraising Period to qualify for financing.
Best for: Square sellers – Square
- Starting rate
- Not specified
- Eligibility is based on Square account history
- Flexible repayment tied to daily sales
- No prepayment penalties
- Loan fee not disclosed until you receive your offer
- Only available to Square sellers
Square Loans is another lender that forgoes the credit check — eligibility is based on your payment history and processing volume through Square. That makes it a natural fit for Square sellers who need financing without a credit inquiry.
The loan range is the widest on this list, from $100 to $350,000. Repayment is automatic; Square deducts a fixed percentage of your daily card sales, so you pay less when business is slow.
Note that a minimum of 0.06% of the initial loan balance must be repaid every 60 days.
Because loan eligibility is based on your account history, Square sets no minimum credit score, time in business or annual revenue requirements. Instead, your eligibility will be assessed based on your payment frequency and processing volume.
Best for Invoice factoring – FundThrough
- Starting rate
- 1.90%
- Next-day funding available
- No minimum credit score, time in business or annual revenue requirements
- No hidden fees
- Factoring fees up to 2.90%
- Not available for construction or real estate businesses
Invoice factoring with FundThrough bases eligibility on your outstanding invoices, not your credit score — making it a strong fit for businesses with unpaid invoices who want to skip the credit check.
The process is straightforward. Submit invoices through integrations with QuickBooks or OpenInvoice; once approved, funds hit your bank account as soon as the next business day. FundThrough collects payment directly from your customers, so there are no loan payments to manage.
Note that construction and real estate businesses are not eligible, and invoices must be for completed B2B or government work.
With invoice factoring, the amount of financing you can get depends on your unpaid invoices. FundThrough sets no minimum credit score, time in business or annual revenue requirements. Invoices must be for completed work billed to businesses or government agencies.
What is a no-credit-check business loan?
A no-credit-check business loan is financing that doesn’t require a hard credit inquiry to qualify. Instead, lenders may evaluate factors like your sales history, outstanding invoices, bank account activity or payment platform activity when determining eligibility.
Because lenders take on more risk without relying heavily on traditional credit criteria, these financing options often cost more than conventional business loans. However, they can provide access to funding for business owners with limited credit history or lower credit scores.
Not all no-credit-check lenders are created equal. Reputable options like the ones on this list use alternative underwriting criteria to assess risk, but predatory lenders also operate in this space, so it’s worth comparing offers carefully before committing.
Not every lender that skips the credit check is reputable. Watch for these red flags:
- Guaranteed approval: No legitimate lender approves everyone.
- Upfront fees: Reputable lenders don’t charge fees before funding.
- No physical address or contact information: Respectable lenders are open to inquiries from their customers.
- Pressure to sign quickly: Legitimate lenders give you time to review your offer.
- Vague or missing rate disclosures: If a lender won’t tell you the total cost upfront, walk away.
Types of no-credit-check business loans
Some loan types are specifically structured around alternative underwriting, meaning lenders look at your revenue, invoices or sales data instead of your credit score. These are the most common options available without a hard credit check.
-
Revenue-based financing:
Funding is based on your business’s sales history, often through a payment platform like PayPal or Square. Repayment is automatically deducted as a percentage of your future sales. -
Microloans:
Small loans are offered by nonprofit or community-based lenders like Kiva. Approval is often based on factors like business viability rather than credit history. -
Invoice factoring:
You sell unpaid invoices to a factoring company in exchange for an upfront advance, typically worth 70% to 90% of the invoice value. The factoring company collects payment directly from your customers. -
Merchant cash advances (MCAs):
A provider advances you a lump sum in exchange for a percentage of your future credit card or debit card sales. Because repayment is tied to your sales volume, lenders focus more on your revenue history than your credit profile. -
Invoice financing:
Similar to invoice factoring, but instead of selling your invoices, you use them as collateral for a loan or line of credit. Your customers continue paying you directly, and you repay the lender once the invoices are collected.
Pros and cons of business loans with no credit check
Pros
- Applying won’t impact your credit score
- Accessible to business owners with low or no credit
- Some lenders report to credit bureaus, helping you build business credit over time
Cons
- Often more expensive than traditional business loans
- Not all lenders report to credit bureaus, so repayment may not build your credit
- Predatory lenders are active in this space
How to get a business loan with no credit check
Here are a few steps to help you find the right no-credit-check business loan.
1. Calculate how much debt you can afford
Before applying, figure out how much you can borrow and repay without straining your budget. No-credit-check loans often come with higher costs, so factor in fees when deciding how much to request.
2. Know your credit score
Even if you’re avoiding a credit check, knowing your score helps you understand your options. If your score is low, you may qualify for more lenders than you think. You can check your credit score for free with LendingTree Spring.
Not every credit check is the same, and the difference matters when you’re trying to protect your score.
Unlike a hard credit inquiry, which will temporarily lower your score by a few points and stay on your credit report for up to two years, soft credit checks allow lenders to access a basic overview of your personal credit history without impacting your score.
See LendingTree’s full guide on the difference between a hard and soft credit pull.
3. Compare lenders carefully
No-credit-check loans vary widely in cost and structure. Compare the total you’ll repay, not just the rate, and watch for lenders offering guaranteed approvals, which can be a red flag for predatory terms. LendingTree’s small business lender reviews can help you compare your options.
4. Apply and review your offer
Most applications can be completed online. Once you receive an offer, review the repayment terms carefully, especially if repayment is tied to your daily sales, since the cost can be hard to compare with a traditional APR.
See LendingTree’s full guide on how to get a business loan.
If you have some credit history but a low score, you may still have options. Some business loans for bad credit work with scores as low as 500 through short-term loans, secured loans, business lines of credit or equipment financing.
Alternatives to business loans with no credit check
If none of the lenders above are a fit, there are other ways to raise funds without a credit check.
-
Personal loans:
A personal loan may be available without a hard credit check, though a soft pull is typically required. These loans can be expensive, but they’re worth considering if your business is too new to qualify for business financing. -
Crowdfunding:
Raising donations from friends, family and your broader network can work well for businesses with an engaged following, though it takes time and isn’t guaranteed. -
Business grants:
Grants require no repayment, but they’re competitive and often limited to specific industries or locations. But, they’re worth exploring if you have the time to apply.
Frequently asked questions
It depends on the lender. OnDeck can fund the same day for qualified borrowers, while PayPal working capital can deposit funds in minutes if approved. Kiva is the slowest option, the application review alone taking up to two weeks.
Bad credit business loans may be available for borrowers with personal credit scores as low as 500. However, these loans typically come with less favorable rates and terms.
Yes. Kiva is one option that bases approval on character rather than credit history, making its microloans accessible to borrowers with no credit at all.
Yes. Kiva has no minimum time in business or revenue requirements, making it one of the few options available to brand-new businesses. PayPal Working Capital and Square Loans also have no formal time-in-business requirement, though you’ll need an established account history on each platform.
When lenders run a hard credit check, it will temporarily lower your score by a few points, with the inquiry remaining on your credit report for up to two years. Getting a loan can also positively affect your score by changing your credit mix. To build credit, choose a lender that reports to the major credit bureaus and focus on making on-time payments.
How we chose the best business loans with no credit check
We reviewed more than a dozen lenders to determine the best business loans with no hard credit check. To make our list, lenders must meet the following criteria:
- No hard credit checks: Only lenders offering no credit checks, or soft credit checks only, were eligible to be included on this list. For companies with soft credit pulls, a minimum credit score of 625 or lower was required.
- Rates and terms: We prioritize lenders with more competitive fixed rates, fewer fees and greater options for repayment terms, loan amounts and APR discounts.
- Repayment experience: We consider each lender’s reputation and business practices, favoring lenders that report to all major credit bureaus and offer reliable customer service.