Ecommerce Funding Without a Credit Check
eCommerce funding options are available without a credit check, and there are a number of different types of online funding options. However, these options do not have the same considerations as traditional lenders, who often consider your personal credit score when evaluating your business’ creditworthiness. In addition, you should be aware that traditional lenders are best suited for well-established businesses with a high FICO score. That said, there are a number of eCommerce funding options with no credit check that will work for your needs.
One option is an online Merchant Cash Advance. There are several different kinds of these funds available, and each one has advantages and disadvantages. The major disadvantage is that they can be expensive, ranging from 30% to 70%. Other options include online platforms that specialize in eCommerce funding, such as Square, PayPal, and Kabbage. Regardless of your needs, there are options for you. Listed below are a few of the most popular options.
Another way to get ecommerce funding without a credit check is through traditional finance lenders. While some lenders are willing to consider applicants with no credit history, others require personal financial records, such as an income statement and bank statements. Regardless of your needs, you should be aware that the process may be lengthy and difficult. Before choosing an online lender, it’s important to check their eligibility criteria and make sure they are willing to finance your business.