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Our simple application takes less than 5-7 minutes to complete.
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Choose the offer that best fits your needs by comparing loan amounts and terms.
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Finalize your loan offer with the lender you selected to receive your funds.
No personal guarantee business loans range from 7.8% to 36% APR and are available from Bluevine, Kabbage, and select SBA microloans for businesses with $200,000+ annual revenue and strong cash flow. True no-PG loans are rare — most online lenders require at least a limited personal guarantee, but several options cap personal liability or waive it entirely for qualified borrowers.
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Few lenders offer true zero personal guarantee loans. The options below either waive PG entirely for strong borrowers or offer limited guarantees that cap personal liability.
| Lender | APR Range | Loan Amount | Min FICO | PG Requirement | Best For |
|---|---|---|---|---|---|
| Bluevine | 7.8%–25.0% APR | $5K–$250K | 625 | No PG (700+ FICO, $250K+ rev) | Lines of credit, strong borrowers |
| Kabbage (Amex) | 3.0%–18.0% APR | $2K–$250K | 640 | Limited PG (varies) | Small draws, flexible terms |
| SBA Microloan | 8.0%–13.0% APR | Up to $50K | 620 | No PG under $25K (some intermediaries) | Small amounts, startups |
| Fundbox | 10.1%–20.0% APR | $1K–$150K | 600 | Limited PG (capped) | Low-credit, capped liability |
| Revenue-based financing | ~40%–200%+ APR | $10K–$500K | None | No PG (revenue pledge only) | No-credit-check, high-revenue businesses |
Business lines of credit (no PG). Bluevine offers lines up to $250K without a personal guarantee for borrowers with 700+ FICO, $250K+ annual revenue, and 2+ years in business. You draw and repay as needed, paying interest only on the outstanding balance. The lender files a UCC lien on business assets instead of requiring a personal pledge.
SBA microloans (no PG under $25K). Some SBA microloan intermediaries waive the personal guarantee for loans under $25,000. These loans carry 8%–13% APR with terms up to 6 years. The tradeoff is a 2–6 week funding timeline and the need to work with a nonprofit intermediary lender rather than a bank.
Equipment financing (limited PG). The equipment itself serves as collateral, which reduces or eliminates the need for a personal guarantee on many equipment loans. If you default, the lender repossesses the equipment rather than pursuing personal assets. Rates range from 6%–16% APR.
Revenue-based financing (no PG). You pledge a percentage of future revenue (typically 5%–25% of daily or weekly sales) rather than personal assets. No credit check and no PG required. However, effective APRs range from 40%–200%+ because of factor rates of 1.1x–1.5x applied to short repayment periods.
Merchant cash advances (no PG). Similar to revenue-based financing, MCAs advance cash against future card sales with no personal guarantee. Factor rates of 1.2x–1.5x on 6–18 month terms make MCAs the most expensive form of business financing, with effective APRs often exceeding 100%.
Strong revenue. No-PG lenders compensate for the lack of personal collateral by requiring higher revenue thresholds. Bluevine requires $250K+ annual revenue for no-PG lines. Revenue-based lenders need consistent monthly deposits of $15K+ to underwrite without a guarantee.
Higher credit. While PG loans accept 600+ FICO, no-PG products typically require 680–720+ from the business owner. Your personal credit still signals reliability even when the lender cannot pursue personal assets.
Time in business. Most no-PG options require 2+ years of operating history. This gives lenders confidence in cash flow predictability. Startups under 2 years will almost always face a personal guarantee requirement.
Business entity structure. Operating as an LLC or corporation (not a sole proprietorship) is typically required. Sole proprietors have no legal separation between personal and business liability, so a personal guarantee is inherent. Incorporating creates the legal distinction that makes a no-PG loan meaningful.
Not all personal guarantees are equal. The distinction between limited and full PG can mean the difference between manageable risk and financial catastrophe.
Full personal guarantee. You are personally liable for 100% of the outstanding loan balance, interest, fees, and collection costs. If your business defaults on a $200K loan with a full PG and the business has no assets, you owe the entire $200K from personal funds. Your home, savings, and personal property are at risk.
Limited personal guarantee (percentage-based). Your liability is capped at a fixed percentage. A 25% limited PG on a $200K loan means your maximum personal exposure is $50,000 regardless of what happens to the business. This is the most common structure for partnerships where multiple owners each guarantee a portion.
Limited personal guarantee (amount-based). Your liability is capped at a fixed dollar amount, such as $50,000 regardless of the loan balance. This is rarer but more protective if the loan amount increases over time (such as with a line of credit).
Higher rates. No-PG loans carry APRs 3–10 percentage points higher than comparable PG-backed loans. The lender prices in the additional risk of having no personal recourse. On $100K, the rate premium can cost $3,000–$10,000 per year in additional interest.
Lower approval amounts. Without a PG backstop, lenders approve smaller amounts relative to revenue. A business qualifying for $200K with a PG might be approved for only $100K–$150K without one.
UCC liens. Most no-PG loans substitute a blanket UCC lien on business assets. While this protects personal assets, it encumbers all business property and can prevent future financing until the lien is released. Ask whether the lender will subordinate the UCC for subsequent loans.
Revenue-based traps. Revenue-based financing and MCAs technically avoid PG but can cost 5x–10x more in effective interest than a traditional loan with PG. A $100K MCA at 1.3x factor costs $30,000 in 12 months while a $100K term loan at 12% APR with PG costs $6,600. Always compare total cost, not just PG terms.
Yes, but options are limited. Bluevine waives PG for lines of credit with 700+ FICO and $250K+ revenue. SBA microloans under $25K may not require PG. Revenue-based financing avoids PG but carries 40%–200%+ effective APR. Most traditional loans require at least a limited personal guarantee.
A personal guarantee makes you personally liable for the business loan balance if the business defaults. With a full PG, creditors can pursue your personal assets (home, savings, vehicles). With a limited PG, your liability is capped at a percentage or dollar amount of the loan balance.
Most no-PG lenders require 680–720+ FICO. Bluevine requires 700+ for PG-free lines of credit. Revenue-based financing has no credit score requirement but compensates with much higher costs. Improving your score from 650 to 720 can unlock no-PG options and save thousands in interest.
Generally yes. No-PG loans carry APRs 3–10 points higher than PG-backed loans because the lender has no personal recourse if you default. Revenue-based options that avoid PG entirely can exceed 100% effective APR. The extra cost is the price of protecting your personal assets.
Very difficult. Nearly all startup business loans require a personal guarantee because the business has no track record or revenue history. The closest option is an SBA microloan under $25K through certain intermediaries that waive PG for small amounts. Otherwise, plan to sign a limited PG and negotiate the percentage down.
A UCC lien gives the lender a claim on business assets (equipment, inventory, receivables). A personal guarantee gives the lender a claim on your personal assets (home, savings, vehicles). A UCC lien is generally preferable because it limits exposure to the business entity. Many no-PG loans substitute a UCC lien for the personal guarantee.
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