small business loan

Can I Get a Small Business Loan if I Don’t Accept Credit Cards?

Does your business not accept credit cards?

As a leading provider of small business financing, we get asked a lot of questions about our working capital programs. But the question we tend to get asked the most is:

“Can I get a loan even if my business does not accept credit cards?”

The answer: Yes

Just because your business doesn’t take credit or debit cards doesn’t mean you should be excluded from financing; Not all small businesses can keep up with the fees associated with accepting credit cards. Currently, 55 percent of the 27 million small businesses in the U.S. do not accept credit cards, according to data from Intuit.

So while your cash-only enterprise may not be eligible for a merchant cash advance, you can still receiving financing via our Small Business Loan program.

Check it out:

While a merchant cash advance works by taking a percentage of your future debit and credit card sales, our Small Business Loan is more traditional. With it, you can get up to $500,000 in working capital for your business with no credit card processing required. Instead of fixed monthly payments, our loan has a fixed, daily repayment schedule allowing you to manage your cash flow and budget more effectively.

Additional benefits include:

  • Sole focus on small businesses
  • Accessible to most credit types
  • Simple, online application with no complicated paperwork or business plans
  • Approvals in 60 seconds
  • Funds available in days

For more information on our Small Business Loan program, call us today at 1-800-267-3790 or click here to apply online now.