For business owners lacking cash, easy-approval business loans can be a lifeline. Online lenders offer more accessible financing compared to traditional banks, especially for startups or those with poor credit. This article lists seven such lenders, with highlights like Lendio's vast network for fast funding, OnDeck's short-term lines of credit, and Fundible's loans for bad credit. Accion Opportunity Fund focuses on low-interest loans for minority-owned businesses, Taycor Financial caters to equipment purchases for startups, Kiva offers crowd-funded loans with no interest, and PayPal provides working capital without a credit check. These loans might have higher interest rates due to lower eligibility requirements, so it's essential to evaluate the full cost before proceeding. Alternatives such as SBA loans, business grants, and credit cards are also worth considering.
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