In short, the answer is no. You may apply for a business loan at any time.But unless you have excellent personal credit AND collateral you will very likely not get one. I'm gonna give you an easy step-by-step process on how to get a business startup loan even with terrible credit. There are several kinds of loans that you may be able to obtain even with a bad credit score. Let's explore some of these loans below. See your options for getting a working capital loan with no credit check, how to get approved, pros and cons, and cash flow best practices. Through the personal loan program at Axos Bank, you can borrow money fast with great rates, flexible terms, fixed monthly payments, and no collateral. No credit check business loans are typically offered in the form of merchant cash advances, invoice factoring and loans from payment processors. Apply online in minutes and get your money in as little as 24 hours upon approval.