- What counts as an easy business loan or financing?
- The easiest business loans to get—ranked by loan requirements
- Ready to secure the funding you need to grow your business?
Every business owner knows that keeping cash flow steady can be a challenge. Whether you’re facing unexpected expenses, slow-paying customers, or a seasonal dip in sales, having access to fast funding can make all the difference. The good news? You might qualify for some of the easiest business loans and financing to get—though they do still have requirements you need to meet.
| Credibly Founder Ryan Rosett noted, “The easiest business loans and financing options focus on speed, flexibility, and simple qualifications, allowing you to get the funding you need without jumping through hoops. Online lenders are leading the charge, offering streamlined applications and fast approvals.” |
While these easy business loans might come with slightly higher costs, the convenience and quick access to cash are invaluable for businesses that need funding now.
What counts as an easy business loan or financing?The easiest small business loans and financing options are designed for small business owners who need to prioritize access, flexibility and speed rather than rigid requirements. For quick and easy business loans and financing, look for:
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The easiest business loans and financing to get—ranked by requirements
1. Merchant cash advance
While not a loan, a Merchant Cash Advance (MCA) is a financing option that stands out as one of the simplest financing options for small businesses. Here’s why:
Credit score as low as 500
MCAs don’t rely on traditional benchmarks like high credit scores. Instead, they focus on your revenue volume. If your business generates at least $15,000 in monthly revenue and has been operating for six months, you’re likely eligible—even with a credit score as low as 500.
Fast financing
Facing a need for urgent cash flow? MCAs offer an incredibly fast turnaround, often approving applications and providing funds within 24 to 48 hours. You get the working capital to handle unexpected expenses or seize time-sensitive opportunities.
Flexible remittances
Remittances for an MCA are tied directly to your revenue. During slower periods, remittances may be adjusted, helping you manage cash flow without the pressure of a fixed monthly payment. This flexibility ensures that you’re not overburdened during low-revenue months, making MCAs a great fit for seasonal businesses or those with fluctuating income.
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2. Working capital loans
What is the easiest business loan to get? Arguably, working capital loans.
Working capital loans combine flexibility and accessibility, making them a top choice for businesses seeking fast and straightforward funding.
Streamlined approval
Lenders that provide working capital loans prioritize speed because they understand that businesses often need quick access to cash. Applications are simple, often requiring just basic financial documentation like bank statements.
Online lenders, in particular, can approve applications within minutes and transfer funds as soon as the next business day, ensuring you get the capital you need without delays.
Flexible use of funds
Whether you’re covering daily operating costs, stocking up on inventory, or investing in growth opportunities, this flexibility lets you use the funding to meet your unique challenges.
Relaxed eligibility requirements
Working capital loans typically have lenient qualification criteria, making them accessible to businesses with lower credit scores or shorter operational histories. With minimum requirements being: 1) a credit score of at least 500, 2) at least six months’ time in business, and 3) $15,000 in monthly revenue, these loans cater to a wide range of businesses.
3. Business line of credit
A business line of credit strikes a balance between flexibility and accessibility, making it a practical choice for businesses looking to bridge financial gaps.
Flexible cash flow management
A business line of credit acts as a financial safety net, providing access to funds whenever your cash flow takes a hit. Whether you’re dealing with unpaid invoices, seasonal slowdowns, or unexpected expenses, it offers a reliable way to cover costs without interrupting operations.
This “use it when you need it” approach ensures you’re prepared for both planned investments and last-minute emergencies.
Easier to qualify
If you have a credit score of 675 or higher, been in business for at least six months, and a minimum of $20,000 in monthly revenue, you might qualify. While a business line of credit often has higher minimum requirements than an MCA or working capital loan, it is still a viable option for entrepreneurs who may not meet stricter criteria for other types of funding.
Opportunity to build business credit
By responsibly managing your line of credit and ensuring timely payments, you may be able to strengthen your business credit profile. Many lenders report account activity to business credit bureaus, helping you unlock better financing opportunities and terms in the future.
Choosing the right financing for your business shouldn’t be a challenge.Our U.S.-based financing experts are ready to help. |
4. SBA loans
If we only consider requirements, SBA loans are another option for easy business loans to get. These loans are highly sought after by many businesses for their favorable terms and rates. However, they can often take longer to obtain than the other options listed in this article.
Backed by the U.S. government, these loans are also designed to help small businesses access capital.
Key features
With an SBA 7(a) loan, businesses can secure funding for a variety of purposes, including purchasing real estate, acquiring equipment, or expanding operations.
Qualifying for an SBA loan
Eligibility for an SBA loan typically includes:
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- Operating a for-profit business located in the U.S.
- Meeting the SBA’s definition of a small business based on your industry.
- Proving you’ve been unable to obtain credit elsewhere.
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Depending on the loan amount and purpose, you may need to provide collateral.
5. Long-term business loans
While not easy to qualify for, long-term loans provide businesses with a pathway to secure significant funding for large-scale projects or major investments.
Higher funding amounts, lower monthly payments
Long-term loans are ideal for businesses needing substantial capital. With repayment periods stretching up to 120 months, monthly payments are smaller and easier to manage. This allows you to focus on growth without straining your cash flow.
Lower interest rates
Though spread over a longer timeline, long-term loans often come with lower interest rates. Many lenders require collateral—such as equipment or property—to offset the risk. This can make borrowing more affordable over time, even as the total interest paid may exceed that of a short-term loan.
Keep control of your business
Unlike seeking private investors or selling equity, a long-term loan allows you to retain full ownership and control. You get the funding you need without interference or diluted decision-making power.
| Type of financing | Qualifications | Application Process | Access to funds |
| Merchant cash advance | Low | Online application, few document requirements | As fast as 24 hours |
| Working capital loan | Low | Online application, few document requirements | As fast as 24 hours |
| Line of credit | Medium | Online application, few document requirements | As fast as 24 hours |
| SBA Loan | Low | Online application, requires more documents to apply | Can take months |
| Long term loan | High | Online application, requires more documents to apply | Can take months |
