Startup and Small Business Funding Options for Entrepreneurs That Do Not Check Credit Scores

Most adults are unsure about how credit scores work and what influences the scores. No one pays much attention to the credit scores or credit records unless they need to borrow money from banks, financial institutions, and credit unions. Your credit record can determine the kind of home you live in, your lifestyle choices, your business success and your monthly expenses. Now, years of neglect often show on the majority of the credit records. Only when people face the real challenge of finding a business funds or unsecured loan, they start wondering if there is a way to skip the entire credit check process.

What are the advantages of good credit scores?

If you are interested in traditional financing methods, it will be impossible for you to find a lender who does not check credit scores. These are options for people with excellent financial profiles and credit scores. Proper credits bring with them a flurry of great offers including low-interest rates on unsecured loans, reasonable APRs and a chance at lump sum loans from reputable institutions. Business credit scores also contribute to the lender’s decision-making process. Anything above 640 on the FICO score means you can apply for startup loans and small business loans from the leading business finance institutions and online funding companies. The chances of getting a loan on stellar terms increase exponentially with increasing FICO scores. If you have time, you can think about working on your credit score before applying for a loan from any of the small business loan companies, banks and credit unions.

What are the options for weak credit score holders?

However, that does not give you a reason to believe that bad credit score holders do not have any shot at getting good business loan offers. You might have a below average FICO score and a bad business credit score, but that should not stop you from dreaming about your own startup or small business. It is quite reasonable for new entrepreneurs to find it challenging to get a good loan offer from the first few lenders they approach. Apart from their credit score, the decision also depends on their experience and business proposal. National Debt Relief sites can help you understand all the factors that govern your loan possibilities right now. To avoid all the complications and find the perfect loan that can power your start-up, you can try the following half-a-dozen options to finance your new startup or small business:

Credit cards


Small business owners and start-ups can utilize credit cards to pay for vendor costs, utility bills, low expenses regarding maintenance and more. Always remember, credit cards are easy to use, and they rake up a lot of costs over the months. They come with higher interest rates and stringent repayment terms. Only use your card to pay for expenses that you can secure later from other parties or for short-term investments that will generate the bill amount.


Crowdfunding is one of the better ways to raise money for all kinds of businesses big and small. Large projects and small start-ups have been utilizing crowdfunding platforms for years on end. Several online platforms help you solicit funds. You can design your own campaign using your business proposal and prospect. The exciting bit is you can pay the “donors” in kind instead of cash, which is why it is also known as reward-based crowdfunding.

Equity crowdfunding is also an option for many small businesses and start-ups that have a fast growth prospect. The platform can put you in touch with a public pool of investors, who are ready to finance new businesses in exchange for stock ownership. Crowdfunding is an excellent option for the first timers and new entrepreneurs since it has no credit score requirements for the applicants.

Small business grants

It might be rare to find a government grant or financial aid from private non-profits, but it is surely not impossible in the USA. It is one way to get your hands on “free” capital. There are several small business grants for US ex-military personnel and special grants for women, and you can check out if you are in dire need of cash without consequences.

Venture capitals

The web has made it much easier to find individuals who may be interested in providing funds for your startup. Just like crowdfunding, venture capitalists do not check credit scores and business credits. All the check is your business idea, prospects, and your enthusiasm. They are more likely to interest in high-risk businesses since they are also the ones with high growth rates. Now, they are interested since they often meet with huge returns once these start-ups and SMEs take off. Even companies like Twitter and Facebook started out with the help of venture capitalists like Jim Breyer in the early days.

Personal loans to fund business


Personal loans can come with a higher cost in terms of interest rates and processing fees. Nonetheless, if you do not have any other immediate source of cash for an emergency business expense, you can approach an unsecured loan company. They do not want any expense sheet or explanation for your costs. Therefore, you can spend the cash amount to fund new investments and projects. Just like credit cards, you should not use personal loans very often. Use this source of funding only when you are in dire need and borrow only the amount you can pay off with interest.

Ask your friends and family

It is one of the best options for amateur business owners. Convincing your parents, siblings, and friends for initial funds for the business can be much easier than convincing a corporate bank or a credit union. Sit them down and give a presentation of your business idea. You can offer them business equity in return for their investment in addition to the timely payments. However, always remember the cost of failure will not just be professional here. It is bound to become personal. So tread very carefully.

These six alternative funding options are great for anyone looking for a break from the tedious formal applications, credit check methods, and financial profile checks. If you want to best deals in the future, start working on your credit score from today.


  1. Nice read. I just passed this onto a colleague who was doing some research on that. He just bought me lunch since I found it for him! Therefore let me rephrase: Thanx for lunch!

  2. Hi, Neat post. There’s a problem with your web site in internet explorer, would test this… IE still is the market leader and a big portion of people will miss your excellent writing due to this problem.

  3. I’m impressed, I have to admit. Rarely do I come across a blog that’s both educative and amusing, and let me tell you, you’ve hit the nail on the head. The issue is an issue that not enough men and women are speaking intelligently about. I’m very happy I came across this during my hunt for something relating to this.

  4. hello there and thank you for your information – I’ve definitely picked up anything new from right here.
    I did however expertise several technical issues using this website, since I experienced to reload the web site many times previous to I could get it to load
    properly. I had been wondering if your web hosting is OK?
    Not that I am complaining, but sluggish loading instances times will often affect your placement in google and could damage your quality score
    if advertising and marketing with Adwords. Well I am adding this RSS to my e-mail and could look
    out for much more of your respective fascinating content.
    Ensure that you update this again soon.

  5. I am no longer positive where you are getting your info, however good topic. I must spend some time learning more or understanding more. Thank you for fantastic information I used to be in search of this info for my mission.

  6. Simply wish to say your article is as astonishing. The clearness on your post is simply great and that i can think you’re knowledgeable in this subject. Well with your permission allow me to snatch your feed to keep updated with forthcoming post. Thank you a million and please carry on the rewarding work.

  7. hey there and thanks in your info – I’ve certainly picked up anything new from proper here. I did however expertise a few technical issues the usage of this web site, as I experienced to reload the web site many instances previous to I may just get it to load correctly. I had been wondering in case your web host is OK? Not that I am complaining, but slow loading circumstances instances will sometimes have an effect on your placement in google and can injury your quality score if ads and ***********|advertising|advertising|advertising and *********** with Adwords. Anyway I am including this RSS to my e-mail and can look out for much extra of your respective interesting content. Ensure that you update this again very soon..

  8. I’ve been exploring for a little for any high-quality articles or blog posts on this sort of area . Exploring in Yahoo I at last stumbled upon this web site. Reading this info So i am happy to convey that I have a very good uncanny feeling I discovered exactly what I needed. I most certainly will make sure to don’t forget this web site and give it a glance regularly.

  9. I would like to express my appreciation for your kindness supporting folks that really need assistance with this particular topic. Your personal commitment to getting the message all over had been especially powerful and has in most cases enabled others just like me to realize their endeavors. Your own valuable guide entails so much to me and extremely more to my peers. Warm regards; from all of us.

  10. Hello to all, I am also actually eager of learning PHP programming, but I am new one, I forever used to read articles related to Personal home page programming.

  11. This design is spectacular! You definitely know how to keep a reader
    amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job.
    I really loved what you had to say, and more than that, how you presented it.
    Too cool!

  12. Fantastic blog! Do you have any hints for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m totally confused .. Any tips? Kudos!

  13. I’d must examine with you here. Which isn’t something I often do! I take pleasure in studying a put up that can make folks think. Additionally, thanks for allowing me to remark!

  14. Thanks for your post. I would like to say that the health insurance agent also works best for the benefit of the particular coordinators of your group insurance plan. The health insurance professional is given a summary of benefits desired by a person or a group coordinator. What a broker may is find individuals as well as coordinators that best complement those demands. Then he provides his advice and if all parties agree, the broker formulates an agreement between the two parties.

  15. My partner and I stumbled over here from a different web page and thought I might as well check things out. I like what I see so now i am following you. Look forward to finding out about your web page for a second time.

  16. I precisely needed to thank you very much once again. I do not know what I would have used in the absence of the actual strategies revealed by you about such question. It was actually an absolute traumatic difficulty in my view, however , discovering this skilled style you dealt with that made me to weep for delight. I am grateful for this guidance and pray you really know what a powerful job that you are doing teaching many others by way of a web site. More than likely you haven’t got to know all of us.

  17. Why YouTube video clips are shared everywhere? I think one cause is that these are trouble-free to obtain embed code and paste that script somewhere you wish for.

  18. I have viewed that good real estate agents almost everywhere are getting set to FSBO Advertising and marketing. They are seeing that it’s not just placing a sign in the front property. It’s really in relation to building associations with these vendors who someday will become consumers. So, if you give your time and energy to assisting these retailers go it alone – the “Law involving Reciprocity” kicks in. Thanks for your blog post.

  19. Does your site have a contact page? I’m having a tough time locating it but, I’d like to shoot you an email. I’ve got some recommendations for your blog you might be interested in hearing. Either way, great site and I look forward to seeing it expand over time.

  20. I happen to be commenting to make you understand what a amazing discovery my wife’s girl encountered browsing your blog. She figured out some details, which include what it is like to possess a marvelous teaching mood to make the others completely gain knowledge of specified complicated subject matter. You really surpassed people’s desires. Many thanks for delivering such precious, trustworthy, educational as well as fun guidance on the topic to Gloria.

  21. 392156 460866Basically wanna input on couple of common things, The web site layout is perfect, the articles is truly very good : D. 172004

  22. Terrific work! This is the type of information that should be shared around the web. Shame on Google for not positioning this post higher! Come on over and visit my website . Thanks =)


Please enter your comment!
Please enter your name here