How hard is it to get a business loan?
How hard it is to get a business loan depends almost entirely on which lender you ask. Bank loans are genuinely hard: they typically want 2+ years in business, strong personal credit, and solid financials. Alternative lenders are far more accessible: many fund businesses with 3–6 months of history, ~$10K+ monthly revenue, and credit scores starting around 500–550. The mistake that keeps owners stuck is treating one bank's "no" as the market's answer. Quordx Capital exists to skip that frustration: one application, matched against 50+ lenders with very different appetites.
Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
What Actually Determines Approval Difficulty
Three variables drive almost every decision:
Time in business.: Banks and SBA lenders generally want 2+ years. Alternative lenders often accept 3–6 months. Pre-revenue startups are the hardest case anywhere.
Revenue.: Roughly $10K+ in monthly deposits opens the alternative-lending market. Larger loans demand revenue that comfortably covers the payment.
Credit.: Most SBA 7(a) lenders look for 650+. Bank term loans want similar or better. Revenue-based products go down to the 500s because the lender is underwriting your cash flow, not your score.
Difficulty also scales with product. Equipment financing is comparatively easy to get because the equipment is collateral. Unsecured term loans at bank rates are the hardest. The honest summary: almost every business with steady revenue can get *some* financing. The real question is at what cost, which is why lender selection matters so much.
Easier Paths If You Don't Fit the Bank Profile
Working capital loans:: $5K–$500K short-term loans with lighter requirements. Best for businesses with revenue but thin credit or limited history.
Equipment financing:: collateral-backed, so approval is more about the asset and your cash flow. Best when the money buys equipment.
A/R financing / invoice factoring:: advances of typically 70–90% of invoice value, where your customers' creditworthiness carries the weight. Best for B2B businesses with slow-paying clients.
Best for flexible, repeat access to capital.
How Quordx Capital Works
One 5-minute application replaces a dozen separate lender applications. You upload your documents once, our AI evaluates your profile, and you're matched to 3–7 lenders from our 50+ lender network: ranked by how likely each is to approve you. Most decisions land in 24–48 hours, with funding in 3–7 business days.
What to Expect
If you've been declined before, that history doesn't follow you here: our network includes lenders built for challenged credit, young businesses, and high-risk industries. We'll also be straight with you: if your best move is to wait three months and build revenue, we'll say so rather than push a product that hurts you. Asking costs nothing, no fees, no obligation.
Apply for Funding
No obligation · Takes about 10 minutes
Apply for Funding
No obligation · Initial inquiry doesn't impact credit · Takes about 10 minutes
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Important Disclosures
Quordx Capital is a business funding broker, not a lender. We facilitate introductions between U.S. small and medium-sized businesses and lenders or capital providers in our network. All credit decisions, funding amounts, rates, fees, repayment terms, and timelines are determined solely by individual lenders based on their own underwriting criteria.
Funding figures and timelines shown on this page are illustrative and represent ranges within our lender network, they are not guarantees and individual outcomes may vary based on business profile, industry, time in business, revenue, credit history, and lender availability. Not all applicants qualify for every product.
The initial inquiry does not impact your personal credit score. Some lenders may perform a hard credit pull during underwriting; Quordx only authorizes such checks with your specific consent for the lender presenting an offer. Applicants are protected under the Equal Credit Opportunity Act (ECOA) from discrimination based on race, color, religion, national origin, sex, marital status, age, or because all or part of an applicant's income derives from any public-assistance program.
This Site is intended for commercial, business-purpose financing for U.S. businesses only. Not available for consumer loans, residential mortgages, or owner-occupied real estate. Quordx may receive compensation from lenders when applications result in funded transactions. This does not change the rate, fee, or terms offered to you. See our Advertiser Disclosure for details.
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