For small business owners and startups, securing funding can feel like a catch-22. You need capital to grow, but traditional banks often require a strong credit history and years of profitability to qualify—things many new or struggling businesses lack.
So, what is the easiest business loan to get? The answer isn’t a single lender, but a type of financing designed for accessibility. The easiest loans to get approved for typically come from online alternative lenders who prioritize factors beyond just your credit score, such as daily cash flow or future sales.
However, navigating this landscape alone means filling out dozens of applications, which can lead to multiple hard credit checks and a lot of wasted time. This is where a service like KoboMerchants.com becomes your greatest asset. We do the hard work of matching your unique business profile with the lenders in our network most likely to say “yes,” all from a single, simple application.
What Makes a Business Loan “Easy” to Get?
Lenders offering easy-approval loans typically have more lenient requirements in these key areas:
- Credit Score: Will accept lower personal FICO scores (often as low as 500-600).
- Time in Business: May require only 6 months to a year of operation, unlike banks that demand 2+ years.
- Annual Revenue: Have lower minimum revenue requirements (e.g., $50,000 – $100,000 annually).
- Streamlined Process: Feature quick online applications with fast funding times (often 24-72 hours).
Common Types of “Easy Approval” Business Loans
While eligibility varies, these loan types are generally more accessible for businesses that aren’t bank-ready:
- Merchant Cash Advances (MCAs): An advance based on your future credit card sales. Repayment is made through a percentage of your daily sales. Easiest for: Businesses with high credit card volume but lower credit scores.
- Short-Term Business Loans: A lump-sum loan with a quick repayment schedule (3-18 months). Easiest for: Businesses that need cash quickly for a specific purpose and can handle higher weekly payments.
- Business Lines of Credit: Provides flexible access to funds up to a set limit. You only pay interest on what you draw. Easiest for: Managing cash flow gaps and unexpected expenses.
- Equipment Financing: The equipment itself serves as collateral for the loan, making it easier to qualify for. Easiest for: Businesses that need to purchase vehicles, machinery, or technology.
- Invoice Factoring: You sell your outstanding invoices to a lender at a discount for immediate cash. Easiest for: B2B businesses with unpaid invoices from credit-worthy customers.
The Challenge: Finding Your Easiest Loan
The problem isn’t a lack of options—it’s finding the right option for your specific situation. A lender that’s easy for a retail store with strong sales might deny a startup consulting firm, and vice-versa.
Spending hours applying to multiple lenders only to get rejected is frustrating and can hurt your credit score with multiple hard inquiries.
The Simplest Solution: Let KoboMerchants.com Find Your Match
Instead of guessing which lender is easiest for you, use a smarter approach. KoboMerchants.com is a connected service that matches business owners with a vast network of lenders specializing in all the loan types mentioned above.
Here’s how we make getting funded easy:
- One Simple Application: Tell us about your business and funding needs just once.
- Smart Matching Technology: We instantly analyze which lenders in our network are the best fit for your profile, industry, and credit situation.
- Multiple Offers: Get connected with potential offers for various products—from MCAs to equipment loans—allowing you to compare and choose the best fit.
- Save Time & Protect Your Credit: Avoid the hassle and credit impact of numerous individual applications. We facilitate the connection through a single process.
We work with businesses of all types:
- Startups with less than 1 year in business
- Businesses with credit scores as low as 500
- All industries, from retail and construction to tech and healthcare
Who Should Consider an Easy-Access Loan?
Easy-approval loans are a practical solution if you:
- Have been rejected by a traditional bank.
- Need funding quickly to seize an opportunity.
- Have less-than-perfect credit but strong revenue.
- Are a startup without an extensive financial history.
A word of caution: Easier access often comes with higher costs. Loans from alternative lenders typically have higher interest rates than traditional bank loans. Always calculate the total cost of capital and ensure the loan payments are manageable for your cash flow.
Bottom Line
The easiest business loan to get approved for is the one that aligns with your business’s specific financial profile. Rather than wasting time applying to lenders who may not be a fit, let KoboMerchants.com streamline the process for you.
We connect you with a network of partners who specialize in accessible funding, dramatically increasing your chances of approval and helping you get back to what matters most—running your business.
Ready to find your easiest path to funding? [Get matched with a lender today through KoboMerchants.com].
