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Can You Get a Business Loan With No Credit Check?

Online lenders may offer business loans with no credit check, but this financing will likely be expensive.
Last updated on May 20, 2022

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If your credit isn’t the best, you may be able to get a business loan with no credit check. But small-business loans with no credit check often come with hefty fees or high interest rates — especially if approval is "guaranteed." Be wary of such products; reputable lenders won’t guarantee you’ll get a small-business loan without first checking your credit.

How much do you need?

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We’ll start with a brief questionnaire to better understand the unique needs of your business.

Once we uncover your personalized matches, our team will consult you on the process moving forward.

If you're unable to qualify for business financing because of your credit, these providers may be useful.

Business loans with no credit check

Some alternative online lenders may not do credit checks for business loans. Online loans tend to have looser requirements and deliver funds quicker than traditional bank loans do, but they may charge higher interest rates and fees for that convenience.
Here are a few options from major lenders.

PayPal Working Capital

The PayPal Working Capital loan doesn’t require a credit check; instead, it considers your PayPal account history. You need to have a PayPal Premier or Business account for at least 90 days to qualify.
The loan offers flexible payments, and funding can arrive in minutes. The fixed fee you pay at application is based on your loan amount, selected repayment percentage and your business's PayPal account history. You dedicate a portion of your sales to automatically repay the loan.

American Express Business Loan

The American Express Business Loan ranges from $3,500 to $75,000. Repayment terms range from six to 36 months. The catch? Only current AmEx Business Credit Card owners who meet certain qualifications can qualify. American Express does a soft credit check when you apply, which doesn't have an impact on your credit score.


If your business is organized as a corporation or limited liability company, Bluevine won’t perform a hard credit check when you apply for a loan. It will run a hard credit pull for businesses organized as general partnerships or sole proprietorships, but only after you accept a loan offer. Bluevine offers business lines of credit.

Pros and cons of business loans with no credit check

There are some obvious benefits to business loans with no credit check, but there are also some downsides.


  • Access to funding even with bad credit.
  • Making payments on time may build your business credit profile.
  • May be easier to borrow in the future if you pay back this loan on time.


  • No-credit-check loans can come with higher interest rates.
  • May pay additional fees.
  • You can end up spending a lot on interest, which may outweigh the benefits of the loan.

Are there guaranteed startup business loans with no credit check?

Getting a startup business loan can be difficult — but even more so if your credit is less than ideal. Some lenders promise “guaranteed” startup business loans, but tread lightly around these offers. Credible business lenders are unlikely to approve a startup loan without first checking your credit.
  • Lenders check credit to determine the risk of lending you money. If you have a good personal credit score (a FICO score at or above 690), it can be easier to qualify for business financing at favorable terms and interest rates. If your business doesn't have an established track record, it can be challenging to secure a startup business loan with bad credit.
  • Some lenders perform a “soft” credit pull when you apply. This isn't the same as not doing a credit check. Soft pulls let a lender know if you’re likely to qualify but won’t ding your credit score. So if your application isn’t approved, at least you won’t have to apply elsewhere with a lower score.
  • Business loan lenders often evaluate potential borrowers based on the “five C’s of credit” — capacity, capital, character, collateral and conditions. “Character” includes your credit score, and if a lender isn’t going to take that into consideration, it’ll likely weigh other factors like your cash flow more heavily.

What are other options for business funding?

If you’re struggling to secure a business or startup loan due to your credit, you may want to consider other financing options that don’t necessarily require a good score, such as:

Compare small business loans without affecting your credit

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