Can I get a business loan with 1099 income?

Last updated May 2026 · Reviewed by David Chen
Quick Answer

Yes, 1099 contractors and freelancers can get business loans. You qualify as a sole proprietor or single-member LLC. Requirements: 6 months of 1099 income deposited in a bank account, $10,000+ monthly average. Some lenders specifically fund 1099 workers with no W-2. Strong personal credit helps significantly.

Key Details

  • 1099 contractors qualify as sole proprietors
  • 6 months consistent 1099 income required
  • $10K+ monthly average needed
  • Personal credit weighted heavily
  • LLC formation strengthens application
  • Working capital and MCA most accessible
Answer by David Chen — Senior Business Funding Editor
12+ years in alternative lending. $200M+ underwritten.

Get Your Personalized Funding Quote

Apply in 4 minutes. Decision in 24 hours. No obligation.

Apply Now → (305) 384-8391