April 6, 2023
min read
Written by: 
Nikolaus Hilgenfeldt
Ecommerce Growth

Top 7 Ecommerce Funding Companies (No Credit Check)

Did you know that small and medium-sized enterprises (SMEs) comprise 99% of all EU businesses and contribute to two-thirds of the EU's employment?

But, at the same time, when these businesses want to grow and expand their operations, they face the same challenges.

To grant a loan, traditional lenders often ask for a lot of paperwork, elaborate business plans, and extensive credit checks.

But what if there was another option?

The alternative financing market is blooming, and its automated lending process reduces the time and costs associated with conventional banking methods.

So, if you're an ecommerce business owner struggling to secure cash flow, read on to discover the best no-credit-check financing options.

Let's dive in!

How Can Ecommerce Financing Companies Help My Business?

Ecommerce financing companies can provide the support your business needs to grow and expand. 

With access to capital and other financial resources, you can invest in new products, expand your marketing efforts, and explore new sales channels.

While credit checks are generally a must for business loans, some lenders don't check your personal or company credit reports.

Let’s look at them below.

Top 7 Ecommerce Financing Companies – No Credit Check Required 

1. Myos


Myos is an asset-based financial provider specializing in helping ecommerce businesses grow.

Whether you need working capital to invest in marketing, order new products, hire new team members, or launch new products, Myos financing solutions have you covered.

As an entrepreneur seeking a loan to grow your business, you may be used to traditional lenders evaluating your credit score and financial history. 

However, some lenders, like Myos, are taking a different approach in today's digital age. 

Rather than solely relying on your financial background, Myos is looking at the retail potential of your products.

How is Myos doing this? Simply put, by using an AI-powered model to analyze data from online marketplaces.

Then, we can see how well your products are selling, what the demand is like, and how you stack up against competitors.

This information can give us a better idea of the potential success of your business and whether or not it's worth investing in.

To be able to qualify for a loan, your assets should meet the following criteria:

  • You have valuable assets ready to be sold for no less than 5 euros
  • You have good collateral management practices, with your products having a shelf life and life cycle of at least 1 year.

Unlike traditional lenders, Myos doesn't require any personal guarantees or put your personal assets at risk. Instead, we only take your products as collateral. 

It means you can get the funding you need without worrying about the potential consequences of defaulting on a loan.

With Myos, you can focus on growing your business and achieving your goals without the added stress of financial risk. 

Depending on your needs, Myos offers between €10.000-2.500.000 with the following options:


✅ No guarantees, no personal risk

✅ Flexible repayments for up to 24 months without extra costs

✅ No contact with suppliers or customers

✅ Goods as collateral

✅ Fast financing approval, up to 72 hours

✅ No early repayment penalties

✅ Personalized support


❌ Your company must have a registered office in Germany, Austria, Cyprus, or the United Kingdom (UK).

❌ The maximum funding amount may not be suitable for large businesses.

2. FundThrough


FundThrough pays outstanding invoices days ahead of net terms using a simple, technology-driven procedure.

You may encounter payment delays if you sell to customers on credit. 

You'll require quick solutions to increase your available funds in such cases.

FundThrough serves a variety of B2B industries, but to be qualified for funding, invoices must be less than 90 days old. 

FundThrough offers Inventory funding, with unlimited funding based on the size of your invoices.

Rather than needing a credit check, FundThrough examines your business bank account and accounting software to assess cash flow. 

This information also influences the funding cap that you are eligible for.


✅ Fast funding process, up to several days.

✅ 100 % of invoices paid, minus a single fee.

✅ No financing fees

✅ Simple application process


❌ Weekly repayment schedule

❌ Early invoice payments penalties

❌ Linked QuickBooks Online, OpenInvoice, or Cortex account required.

3. PayPal Working Capital


PayPay's Working capital is exclusively reserved for Paypal users.

There is no need to worry about your credit score when applying.

Instead, your account history will be taken into consideration. 

To be eligible, you must have been a PayPal Premier or Business member for at least 90 days.

For PayPal Premier, you need to process at least $20,000 in yearly sales, while for PayPal Business, you need to process at least $15,000.

The funding is between $1,000 to $150,000 for first-time borrowers and up to $250,000 for repeat borrowers.

With PayPal Working Capital, you can borrow up to 30% of your last 12 months' PayPal sales, with a cap of $97,000 for your first PayPal business loan and $125,000 for subsequent loans. PayPal deducts a set percentage from your PayPal account to repay the loan.

Instead of paying interest, you will pay a single, fixed fee for the duration of the loan.

No application or personal guarantee is required, and you will obtain funding within minutes if approved.


✅ Easy to obtain

✅ Fast funding within minutes

✅ Straightforward and online application process


❌ No early repayment benefits

❌ Fee charges may be confusing

❌ Weekly repayments are directly withdrawn from your account

❌ You must use PayPal to accept customer payments

4. Kiva


Kiva differs from other online lenders because it is a nonprofit crowdfunding tool for microloans ranging from $1,000 to $15,000.

They offer repayment terms of up to 36 months, and interest rates could be as low as 0% if you apply through their website.

You can also apply via Kiva Field Partners, who can assist you through the application process and scan your application. 

And, aside from not checking your credit score, Kiva doesn't care how long you've been in business or how much revenue you generate.

Instead, Kiva uses a "social underwriting" method to decide who gets a loan.

According to Kiva, social underwriting requires a Kiva Trustee or community members, such as friends and family, to approve and begin funding your company before it can go live on the website. You then have 30 days to collect funds through Kiva's website.


✅ No credit checks or cash flow documentation requirements 

✅ There is no interest on any loans

✅ There is no need for collateral


❌ Loans are based on crowdfunding

❌ The funding process can be pretty lengthy

❌ Offers only microloans

5. Square Loans


You should look into Square Loans if your company accepts payments through Square.

In essence, if you handle enough credit card sales through Square, its algorithm will determine whether or not you qualify for a short-term loan.

You can borrow money with no credit check or collateral (up to $75,000).

However, the software makes the final decision. 

There is no way to seek credit from Square proactively, so applying is a complete shot in the dark.

 If you've been using Square for at least a year and process at least $10,000 per year, you'll have a better chance of receiving a loan offer.

And keep in mind that Square's costs can add up quickly.

As a borrower, you will pay a flat fee instead of interest. 

You must make payments as a percentage of your daily card sales, ensuring you are not overburdened during slow times. 

Every 60 days, you need to make a minimum payment.

Square's small business loan eligibility is determined by several variables, including your business's payment processing volume, account history, and payment frequency. 

Square Capital claims near-instant approval with no effect on your credit score. 


✅ There is no need for a personal guarantee

✅ No late fees and hidden costs


❌ Daily payments cut into ongoing cash flow

❌ Only for Square users

6. American Express Business Loans


American Express Business Blueprint provides the American Express Business Line of Credit (previously Kabbage Funding) with credit lines ranging from $2,000 to $250,000, which is excellent news for businesses needing financial support.

Once they approve you for a line of credit, you can take out installment loans with flexible repayment terms of six, 12, or 18 months.

You won't have to worry about application or origination fees, maintenance fees, or prepayment penalties.

American Express Blueprint only requires an average monthly revenue of at least $3,000, and a personal credit score of 640 or higher.

Since any business is distinct, it must be individually reviewed and approved.


✅ Quick application

✅ Loan terms of 6,12, or 18 months are available, each with its monthly fee.

✅ Pay a fee based solely on the quantity used during the months you have an outstanding balance.


❌ You must be a card user and have been pre-qualified by Amex

❌ You must provide a personal guarantee and have a personal credit 

7. Shopify Capital


Shopify Capital provides business loans and merchant cash advances to qualified US Shopify merchants. 

If you qualify, you can use these loans to finance your business needs and cover unexpected expenses, among other things.

Shopify Capital loans and advances require that you pay set fees for borrowed money.

In addition, Shopify Capital deducts a percentage of a merchant's daily sales until you fully repay the loan. 


✅ Flexible repayment terms from 3-12 months

✅ No early repayment fees

✅ Transparent fees without additional hidden costs


❌ You must have had an up-and-running Shopify shop for at least 3 months with an active Shopify Payments account.

❌ For US merchants only

Advantages and Disadvantages of No Credit Checks Loans

Business loans with no credit check or less stringent credit requirements can have advantages and disadvantages. 

Here are some pros and cons to consider:


  • More straightforward eligibility than traditional loans, which require a good credit score.
  • Faster approval benefiting businesses that need funding quickly.
  • Flexible repayment terms, such as more extended repayment periods or smaller, more frequent payments, which can help businesses better manage their cash flow.


  • Higher interest rates and fees than traditional loans, making them more expensive in the long run.
  • Risk of predatory lending, such as charging excessively high-interest rates or requiring unreasonable repayment terms.
  • Limited loan amounts which may not be sufficient for businesses with more significant funding needs.


One of the biggest challenges many entrepreneurs face is securing funding to launch or grow their businesses. 

If you have a less-than-perfect credit score, you may think that traditional lenders are your only option, but that's not necessarily the case.

Business loans with no credit check can offer a path to funding for businesses that may not qualify for traditional loans. 

However, it's important to remember that not all loans fit every business well.

Before jumping into a loan agreement, take the time to research lenders, compare loan terms and fees, and carefully consider the potential downsides. 

Higher interest rates and fees, limited loan amounts, and the risk of predatory lending are all factors to remember.

If you decide to pursue a business loan with no credit check, remember to have a plan for repaying the loan on time and in full.

A loan can be a valuable tool for launching or growing your business, but only if managed responsibly.

On the other hand, if you want to join more than 1000+ satisfied online sellers, why not try Myos financing?

This type of financing was created with the needs and wants of ecommerce business owners in mind and is constantly developing and adapting to the ecommerce market trends.

So, partner with Myos today and let us help you accelerate your growth!


How Do Lenders Determine Eligibility for a Business Loan with No Credit Check?

Lenders that offer loans without credit checks may consider other factors such as business revenue, cash flow, and collateral when determining loan eligibility.

How Can I Find a Reputable Lender That Offers Business Loans without a Credit Check?

To find a reputable lender that offers business loans without a credit check, you need to do your research and compare lenders. 

Look for lenders who are open and honest about their loan terms and fees, have good reviews from other borrowers, and have accreditation from reliable organizations.

Before Taking Out a Business Loan With No Credit Check, What Should I Consider?

Before taking out a business loan with no credit check, consider the loan terms and fees, the lender's reputation, and whether the loan fits your business's financial needs and goals.

A plan for repaying the loan on time and in full is also essential.

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