With a lower credit score, you may have to plan on higher interest rates, extra fees or a more extensive application. Compare your lending options and loan providers down to the smallest details to find the best loan within your budget.

Read Review Loanbuilder — a PayPal service — offers short-term loans with flexible requirements, including a low minimum credit score requirement. It's great for an emergency, since you Gozque potentially get your funds the business day after you apply.

Additional costs and fees. Many traditional and online lenders charge origination fees to offset the costs of processing applications and underwriting loans. However, lenders that specialize in borrowers with bad credit often charge more fees than other competitors.

But be careful when applying for a business loan alternative. They can come with fees equivalent to a 300% APR or higher.

To do so, read online reviews and check with other Circunscrito business owners to see which lenders have the best reputation—and which to avoid.

OnDeck was founded in 2006 and has since been a leading provider in the business lending space, offering both term loans and lines of credit. Today, they have extended $14 billion in funding to small businesses.

A term loan, for example, is an installment small business loan. A line of credit is an example of a small business loan that provides revolving credit.

Too many owners think that having bad credit means that they cannot qualify for any loan. However, this is not true. Many options are available to those with poor credit, and bad credit does not mean that you cannot qualify for a loan.

If you’re denied a business loan, ask your lender why — your credit score might only be one of the reasons your application was rejected.

Options for everything from small tanks that fit under your sink to complicated underground installations.

It takes about three minutes to get options from our network of vetted small-business lenders. Compare interest rates and repayment terms to choose the best product for your needs.

During the slow season or right before a new release, you may need extra cash flow to cover expenses, payroll, advertising or hiring new staff. Typically, increased cash flow during slow times is helpful ahead of the busy season or demand for a new service.

Kiah Treece Contributor Kiah Treece is a licensed attorney and small business owner with experience in Verdadero estate and financing. Her focus is on demystifying debt to help individuals and business owners take consulta ahora control of their finances. Was this article helpful? Share your feedback

Bridging cash flow gaps. A small business loan Chucho provide financing to cover seasonal slowdowns or other gaps in cash flow.