How much do you need?
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.
I'M INTERESTED IN:
Our pick for
Quick easy business loans
Bluevine can provide funding as quickly as 12 to 24 hours. You may be able to qualify if you have a minimum credit score of 625.
Bluevine - Line of credit
Max loan
$250,000
Min. Credit score
625
Apr range
20.00-50.00%
Our pick for
Easy short-term business loans
OnDeck can provide funding as fast as the same day your loan is finalized. You may be able to qualify with at least 12 months in business and a credit score of 625 or higher.
OnDeck - Online term loan
Max loan
$250,000
Min. Credit score
625
Apr range
27.20-99.90%
Our pick for
Easy business loans for startups
You may be able to qualify for one of these easy business loans if your startup has at least six months in business.
Fundbox - Line of credit
Max loan
$150,000
Min. Credit score
600
Apr range
36.00-99.00%
Our pick for
Easy business lines of credit
Headway Capital’s line of credit is a great option for working capital needs. Loan amounts are available up to $100,000 and you may be able to receive funding within one day after your application is approved.
Headway Capital - Line of credit
Max loan
$100,000
Min. Credit score
625
Apr range
35.00-80.00%
Our pick for
Easy invoice factoring
For business-to-business companies, AltLINE can offer fast cash within 24 to 48 hours for your unpaid invoices. AltLINE does not have a specific time in business or minimum credit score requirement.
AltLINE - Invoice Factoring
Max loan
$10,000,000
Min. Credit score
300
Our pick for
Easy business loans for bad credit
You may be able to qualify for a short-term business loan from Fora Financial with a credit score of 500 or higher and at least six months in business. After your application is approved, you can receive financing in as little as 72 hours.
Fora Financial - Online term loan
Max loan
$1,500,000
Min. Credit score
570
Our pick for
Easy equipment loans
Triton Capital can finance equipment loans in one to two business days. Businesses with bad credit (FICO score below 630) may be able to qualify.
Triton Capital - Equipment financing
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
575
Apr range
5.99-34.99%
with Fundera by NerdWallet
Our pick for
Easy unsecured business loans
National Funding offers fast financing and flexible qualification requirements — plus, it doesn't require physical collateral to secure your loan.
National Funding - Online Term Loan
Max loan
$500,000
Min. Credit score
600
Our pick for
Easy business loans for women and minority groups
You may be able to qualify for a loan from Accion Opportunity Fund with 12 months in business and a minimum credit score of 570. Accion says 90% of its borrowers are women, people of color, and/or low-to-moderate income.
Accion Opportunity Fund - Small Business Working Capital Loan
Max loan
$250,000
Min. Credit score
570
Apr range
8.49-24.99%
Our pick for
Easy business loans with no credit check
PayPal Working Capital loans are available to PayPal Premier or PayPal Business account holders. These loans don’t require a credit check because eligibility is based on your PayPal account history.
PayPal Working Capital Loan
Max loan
$250,000
Min. Credit score
300
How to choose the right easy business loan
- Determine what type of funding is best for you. Easy business loans come in several types, including business lines of credit, term loans, equipment financing and invoice factoring. Consider how much money you need and how you’re going to use it to determine which might be the right fit.
- Figure out how much debt you can afford. Easy business loans will likely have higher interest rates and fees than other types of financing. You’ll want to review your business finances to estimate how much additional debt you can manage before taking it on.
- Check your qualifications. Review common underwriting criteria — time in business, credit score, annual revenue — so you have a sense of where your business stands before applying.
- Research several lenders and their requirements. Although easy business lenders typically don’t require physical collateral, you’ll likely have to sign a personal guarantee. The lender may also take out a general lien on your business assets.
- Avoid predatory lenders. Stay away from lenders that promise guaranteed approval or business loans with no credit check. Although there are many reputable online lenders on the market, predatory lenders tend to target small businesses that are having trouble qualifying for financing. If you think a loan offer seems too good to be true, it probably is.
- Compare multiple loan offers. You’ll want to make sure that you’re getting the best deal for your business, so consider factors like interest rates, repayment terms, fees and prepayment penalties.
- Calculate the total cost of the loan. Certain online lenders quote interest rates in different ways; while some use annual percentage rates, others may use simple interest rates or factor rates. The best way to understand the total cost of your loan is to calculate any interest rate into an APR.
- Read your business loan agreement thoroughly. It’s important to ensure that you understand all the terms associated with your loan including interest rates, fees, repayment terms, potential early payment penalties and any personal guarantee requirements that may apply. You can ask your lender for clarification if you have any questions.
What is an easy business loan?
Issued by online lenders
Fast to fund
Flexible qualification requirements
Higher interest rates
When to get an easy business loan
- You can’t qualify for other types of financing. If you can’t qualify for a bank or SBA loan, an easy business loan from an online lender might be a good option. Although one of these loans will typically have higher interest rates than more traditional funding options, they can provide the money you need to cover a variety of expenses. And, taking a loan and making timely payments will likely help you qualify for more competitive types of business financing in the future.
- You need cash fast. Bank and SBA loans can take several weeks to fund, sometimes longer. If you need capital fast — to cover emergency expenses or to take advantage of a new business opportunity, for example — you might be willing to pay a little more for the speed of an easy business loan.
How to qualify for an easy business loan
- Business financial statements, such as a profit and loss statement.
- Business and personal tax returns.
- Business and personal bank statements.
Alternatives to easy business loans
- Bank or SBA loans. If you can qualify for a bank or SBA loan, these loans will likely be the most affordable option for your business, with competitive rates and terms. You might also consider specific bank- or SBA loan programs that offer more flexibility. SBA microloans, for example, are designed for traditionally underserved businesses, including startups and borrowers with fair or bad credit.
- Business credit cards. Similar to a business line of credit, a business credit card is a revolving source of funds and can be a quick approval. Though they typically come with higher APRs and fees than loans, they can also reward you for your spending.
- Friends and family loans. If you have friends or family members who are willing and able to invest in your business on short notice, this can be a more affordable option than any easy business loan. Make sure you put your agreement in some form of writing to avoid personal disputes.
Frequently asked questions
Methodology
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.