10 Best Easy Approval Startup Business Loans With No Credit Check

Do you want to start a business but don’t have much money? Don’t worry, there are plenty of easy-approval startup business loans available with no credit check. These loans can get you the money you need to get your business off the ground and running. Just be sure to meet the requirements of the loan company and you’ll be on your way to success.

easy approval startup business loans with no credit check

List of 10 Easy Approval Startup Business Loans With no Credit Check

Thinking about starting your own business but don’t have the necessary startup capital? No problem! Here are 10 easy-approval startup business loans with no credit check.

1. American Express Working Capital Terms

American Express offers several types of financing for businesses. One of these is American Express Working Capital Terms, and this can be used to pay vendors. You must be a AMEX cardholder to apply for Working Capital Terms.

Also, your business must make $200,000 per year and be in business for at least 24 months. American Express won’t run a credit check on you when you apply for a working capital loan. Instead, it uses the information that it holds about you as an AMEX customer.

AMEX Working Capital loans are a unique type of loan that is used to pay vendors. The loan proceeds are not sent directly to you as the recipient. This financing is a great option if your cash flow is limited and/or you do not accept credit cards. Be aware that AMEX does not run credit checks on your application, but you will need to have good credit in order to be approved for an AMEX Business Card.

The loan term can be 30, 60, or 90 days. These loans are available in amounts between $500 and $150,000. Fixed fees are 0.6% to 5.25%. You do not pay the loan in monthly installments. Instead, the entire amount is taken from your bank account at each end of the term.


  • No origination fee
  • Quick funding (one to two business days)
  • Good borrowing rates
  • Good customer service


  •  Available only to AMEX Business Cardholders
  • Only used to pay vendors

2. Square Capital

Square Loans are a great option for businesses that use Square payment processing.

If you have enough credit card sales through Square it will determine if your application is eligible for a short-term loan. If that happens, you will see a loan offer on your dashboard. You can then borrow money without collateral and with no credit checks (for amounts less $75,000). After submitting your application, you will be able to get funding the next day.

However, the algorithm is what decides. Square doesn’t allow you to apply for a loan manually. If you have used Square for at most one year and processed at least $10,000 per year, your chances of receiving a loan offer are better. Don’t sign-up for Square to just try for a loan. Square can be expensive so pay attention.

For businesses that do a lot of Square payment processing, Square Loans are a great way to get a loan without a credit check.


  •  Flexible borrower requirements
  •  No credit check
  • No collateral required for $75,000


  • Exclusive Offers for Square Users
  • No way to manually apply for a loan

3. PayPal Working Capital

PayPal is used by many businesses to accept payments online or in person. You may be eligible for a PayPal Working Capital loan. You must have a PayPal Premier or Business account and have processed at least $15,000 in PayPal sales annually if you have a Premier account span.

A PayPal Working Capital loan application does not require credit checks. PayPal will consider your PayPal sales volume as well as your account standing to determine if you qualify for a Square Capital loan. Similar to Square, PayPal Working Capital loans are repaid with a fixed fee structure. This is a percentage of your daily PayPal transactions and a maximum term of up to 18 months.

PayPal will lend you up to 35% of your annual PayPal sales. This cap is $125K for the first two loans and $200K for any subsequent loans. The factor rates range from 1.01-to 1.58 to a wide variety. This no credit check loan is quick to apply for and can be funded in as little as 30 minutes.


  • Simple application process
  •  Relaxed borrower requirement
  • Instant funding–approved loans in under 30 minutes
  • No personal guarantee


  • Available only to PayPal sellers
  •  High borrowing rates

4. Kiva U.S.

Kiva crowd-funded business loans allow you to take out a zero-interest microloan that you will repay over six to twelve months.

Kiva doesn’t require credit checks. Once your application has been approved, you will be granted a private funding period of 15 days. You will need to get between 5 and 25 family members and friends to support your fund during this period. Once you have reached your lender target, your campaign goes live to the public. You can also interact with potential investors to crowdfund your loan in just 30 days. Once all funds have been raised, your loan will be sent to PayPal within one week.

The maximum amount that you can borrow depends on your business’ age. You can only borrow $1,000 for business ideas. You can borrow up to $5,000 for businesses that are less than three months old. Maximum $15,000 for businesses that are in operation and earning revenue


  •  No interest
  • Long repayment term
  • Monthly repayments
  • Ideal for startups


  • Low borrowing
  •  You must solicit lenders from your personal network

5. Benetrends

Benetrends is the most experienced provider of ROBS (Rollovers As Business Startups). Benetrends is the creator of the Rainmaker Plan. This plan allows you to roll over your IRA retirement account or 401(k) to finance a business without any tax penalties. Benetrends is a preferred choice for franchise financing, having secured funding for more than 17,000 business owners since 1983.

You must have at least $50,000 in retirement funds to be eligible for the Benetrends Rainmaker Plan.

Benetrends will charge a $4,995 setup fee to start your ROBS plan. A $139 monthly maintenance fee is required after this. Benetrends will provide audit protection, compliance, and a team of certified in-house professionals to assist you with creating and maintaining your plan.


  •  Startup-friendly
  • Business loan alternative
  • No upfront taxes or early withdrawal penalties
  •  Includes legal compliance


  • Dangerous if you don’t have additional retirement savings
  • Setup fee and ongoing monthly fees

Read Also:

10 Best Private Lenders for Personal Loan in UAE

How to Get Quick Cash Loan With no Credit Check in Dubai

How to Apply for a Personal Loan With Bad Credit

How to Get Instant Personal Loans in Canada

6. Shopify Capital

Shopify Capital allows eligible businesses to borrow money up to $200,000. This is dependent on their sales volume and risk profile, and there are no requirements for credit or income verification.

Shopify Capital loans are repaid in a percentage of your daily sales. The total amount is due 12 months later. Shopify Cash Advances have no fixed repayment terms, as long as your daily remittance is paid from your Shopify account. Shopify Capital factor rates will be either 1.1 or 1.13.

Shopify Capital financing is not available to you. Shopify monitors its users’ accounts and makes offers to those who are eligible for financing.


  • Large borrowing amounts
  • Competitive rates
  • Relaxed borrower requirements
  • No repayment deadline for cash advances


  • Available only to Shopify sellers in some states
  • No need to apply. Shopify will reach out qualified candidates.

7. Payability

Is your business selling on Amazon, Walmart or eBay? Payability might be a good fit for your business.

Payability provides cash advances for e-commerce companies. Payability does not look at your credit score. Instead, it looks at your sales history on your chosen e-commerce platform. If you have enough sales, you may be approved for an advance. This will be repaid with a percentage of your future sales.

Payability charges a weekly charge for your advance. The fees may be lower if you pay off your advance quickly. However, if you delay repaying your advance, the fees could rise to an alarming level. Also, budget well and borrow responsibly.

Payability can provide a no-credit loan for your e-commerce company with prompt repayment.


  • Compatible with many e-commerce platforms
  • Flat-rate Weekly Fees
  • Save by getting an advance on your order
  • Large loans without credit checks


  • Potential for expensive fees
  • High revenue requirement

8. Stripe Capital: Best for Stripe users

Stripe, the latest payment processing company, offers loans. Its Stripe Capital program is similar to Square Capital’s PayPal Working Capital.

A Stripe loan may be available to you if you use Stripe for debit and credit card payments. The loan is repayable (plus any fees) by a fixed percentage from your future Stripe sales. As with loans via Square and PayPal, Stripe is more concerned about your credit card processing than your credit. It also has a very low processing requirement, at just $10,000 per annum.

According to Stripe Capital’s customers, you can expect high rates. Stripe Capital doesn’t disclose any fees or rates. As you probably guessed by now, Stripe will only offer loans to you after you wait. You can’t apply for one right away.

Despite the drawbacks, it is an attractive option for Stripe customers who don’t have to check their credit history.


  • Minimum revenue
  • Simple repayment plan
  • No credit inquiries


  • No fee ranges listed
  • Unable to manually apply

9. Lendio

Lendio connects small-business owners to a range of lenders and loan options. It can connect people with bad credit to lenders that will provide a line credit, merchant cash advance (MCA), and invoice factoring. These are three types of loans that don’t require any credit.

Lendio’s downside is that you don’t know what deals you will get until you apply. You will be presented with matching deals after you submit your application.

India allows you to get the best deal with all the options available. It is our preferred lender for small business owners with poor credit.


  • A loan can be obtained with lower credit scores
  • Multiple types of loans


  • Additional documentation is required for certain loans
  • Complex terms

10. Accion Opportunity Fund

Accion Opportunity Fund is not as high-quality as Kiva’s 0% rate, but it offers the best rates for those with poor credit. The rates start at a little less than 6%, and this is a very competitive rate for an alternative lender, especially one that accepts lower credit scores.

Accion Opportunity Fund will now check your credit. You shouldn’t expect a super-low rate if you have a low credit score. However, it’s possible to get a better rate elsewhere span>

Accion Opportunity Fund offers below-average interest rates and is worth considering.


  • Businesses that are unable to obtain traditional funding can apply for Accion Opportunity Fund loans.
  • The company offers interest rates as low at 5.99%
  • The range of business loans available is from $5,000 to $100,000. There are transparent terms and no prepayment penalties.
  • Individual business requirements are met by loans.
  • 90% of Accion Opportunity Fund clients are women, immigrants, and people of color.
  • Accion Opportunity Fund offers resources in English and Spanish.
  • This platform offers financial education, coaching, as well as networking opportunities.
  • This website contains a wealth of resources, including videos and articles on business topics.
  • To determine business viability, the platform takes into account more than just applicants’ credit scores.


  • This only allows for small loans.
  • Accion Opportunity Fund is not appropriate for larger companies.

How to Get Startup Business Loans With Bad Credit

There are a few things that you can do in order to get startup business loans with bad credit.

Look for lenders who offer easy approval startup business loans with no credit check. These loans are designed for businesses that may not have a perfect credit history. However, you will likely need to provide some form of collateral in order to secure the loan. Finally, you can try crowdfunding or peer-to-peer lending as a way to get the money that you need for your business.


Startup business loans with no credit check are a great option for businesses that are just starting out. They are easy to get approved for, and there is no credit check required. This makes it a great option for businesses that may not have a strong credit history.

About Author

easy approval startup business loans with no credit check
Lovethy Precious
I’m a firm believer that information is the key to financial freedom. On Coindecimal Blog, I write about personal finance and crypto.

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