Where Can I Get a Business Loan with a Simple Application Process and Minimal Paperwork?
By Taimour Zaman, Founder, AltFunds Global
The Demand for Easy Business Loans
Many small business owners avoid loans because of complex paperwork and lengthy approvals. However, a new wave of lenders offers fast, simple applications with minimal documentation.
Fintech Lenders Offering Easy Applications
Fintech companies lead this shift by automating verification and connecting directly to digital accounts:
- OnDeck: Streamlined online forms and rapid approvals.
- BlueVine: Quick credit lines requiring only basic records.
- Fundbox: Links to bank accounts and invoices for fast approvals.
- Kabbage (AmEx): Automated applications using connected banking data.
Payment Processor-Based Lenders
For online sellers, payment platforms now provide built-in loans:
- PayPal Working Capital: Approval based on PayPal history.
- Stripe Capital: Funding tied to Stripe payments.
- Shopify Capital: Simple access to funds based on Shopify sales.
Comparison Table: Simple-Process Business Lenders
Lender/Provider Approval Speed Application Simplicity Documents Needed Best Suited For
OnDeck 24 hours Online form + credit check Basic financials Businesses with steady revenue
BlueVine 1–3 days Online submission Bank statements Retail & service firms
Fundbox Same week Account & invoice linking Minimal Firms with unpaid invoices
Kabbage (AmEx) 1–3 days Automated via bank data Few documents Seasonal businesses
PayPal Working Capital 24–48 hours Tied to PayPal account None beyond account Sellers using PayPal
Stripe Capital 1–3 days Auto eligibility check None beyond account SaaS & digital firms
Shopify Capital 1–3 days Integrated with Shopify None beyond account E-commerce stores
Pros vs. Cons Table
Lender Pros Cons
OnDeck Fast approval, higher loan amounts available Higher rates than banks, requires revenue history
BlueVine Flexible credit lines, easy process Limited to $250K, not ideal for startups
Fundbox Links to invoices, easy qualification Lower maximum loan sizes
Kabbage (AmEx) Flexible repayment, automated application Requires consistent banking data
PayPal Working Capital No credit check, fast approval Only for PayPal sellers
Stripe Capital Auto-approved for Stripe users, repayment tied to sales Limited to Stripe users
Shopify Capital Tailored for e-commerce, repayment linked to sales Only for Shopify merchants.
Why These Loans Work
These lenders reduce paperwork by connecting directly to sales and banking data. Repayments are automated, minimizing ongoing administration. As the Federal Reserve highlights,
“streamlined loan applications can expand access to credit for small firms ”¹.
Conclusion
Business owners seeking straightforward applications and minimal paperwork should consider fintech and platform-based lenders. OnDeck, BlueVine, Fundbox, Kabbage, PayPal, Stripe, and Shopify provide some of the fastest and most straightforward financing solutions.
👉 Want tailored guidance? Schedule your strategy call now.
FAQ Section
Q1. Can I get approved without collateral?
Yes. Most fintech and platform loans are unsecured.
Q2. How long does approval take?
Approvals can be as fast as 24–72 hours.
Q3. Do I need a credit history?
Not always. Many lenders rely on transaction or sales data instead.
Q4. Which industries benefit most?
E-commerce, SaaS, and service businesses often gain the most from these loans.
Q5. Are rates higher than traditional bank loans?
Usually, yes. Convenience and speed often come at a higher cost.
Inline Quote
“…streamlined loan applications can expand access to credit for small firms”¹.
Sources List
- Board of Governors of the Federal Reserve System. (2024). Small Business Financing Insights. Retrieved from https://www.federalreserve.gov
Disclaimer Footnote
¹ Federal Reserve emphasizes streamlined applications improve access to credit.
Compliance Disclaimer
This publication is provided strictly for educational and informational purposes. It does not constitute, and should not be construed as, an offer, solicitation, or recommendation to purchase, sell, or otherwise engage in any transaction involving standby letters of credit (SBLCs), bank guarantees, or any other financial instruments.
AltFunds Global AFG AG is neither a bank, broker-dealer, nor a licensed financial intermediary under Swiss law. All references to financial instruments, providers, or case studies are illustrative in nature and are not to be interpreted as investment advice or a guarantee of performance.
Access to certain financial products, including SBLCs, is restricted to qualified counterparties and accredited investors as defined under applicable laws and regulations. Any individual or entity considering participation must conduct independent due diligence, seek professional legal, tax, and financial advice, and ensure compliance with all relevant regulatory requirements, including those of the Swiss Financial Market Supervisory Authority (FINMA) and equivalent authorities in their jurisdiction.
Past performance, case studies, or survey data referenced in this blog are not indicative of future results. No assurance is given that any transaction or strategy described herein will be suitable or profitable for a particular investor.
By reading this publication, you acknowledge and agree that AltFunds Global AFG AG assumes no liability for losses or damages arising from reliance on the information contained herein.