Traditional lenders make credit checks a barrier to funding. But many legitimate financing products evaluate your business performance instead of your personal credit history.
Understanding Credit Pulls
There are two types of credit checks:
Hard pulls show up on your credit report and can lower your score by a few points. Traditional banks perform hard pulls during the application process.
Soft pulls do not affect your credit score. Many alternative lenders use soft pulls for pre-qualification, only performing hard pulls after you accept an offer.
Financing Options Without Hard Credit Pulls
Merchant Cash Advances
MCAs evaluate your daily sales volume, not your credit score. Many MCA providers do not perform any credit check. Approval is based entirely on your business revenue performance.
Revenue-Based Financing
These products prioritize your business bank statements over your credit report. While some providers do a soft pull, your credit score is not the deciding factor.
Invoice Factoring
Invoice factoring is based on the creditworthiness of your customers, not your own credit. If you have outstanding invoices from creditworthy businesses, factoring converts those into immediate cash.
24-Hour Approval Process
| Step | What Happens | Timeline |
|---|---|---|
| 1 | Submit online application | 5 minutes |
| 2 | Upload bank statements | 5 minutes |
| 3 | Lender review (soft pull only) | 2 to 4 hours |
| 4 | Receive funding offers | Same day |
| 5 | Accept and fund | Next business day |
Building Credit While You Fund
Even if you access capital without a hard credit pull, you can still build your business credit. Many alternative lenders report positive payment history to business credit bureaus. Learn more about building strong business credit.
The Consumer Financial Protection Bureau provides guidance on understanding how credit checks impact your score.
Apply with no hard credit pull at Arkadian Capital.