Today's restricted credit environment still leaves choices for bad credit small business loans. These options vary on their effectiveness depending on what kind of business you own. You can be certain that the SBA and banks are disapproving of the majority of the business loans they receive applications for.

Are an Equipment Dealer, Manufacturer, or Business with many Physical Assets?

The very first place to look after an SBA or bank loan is to a business broker of loans. Usually, they will have many different options that can be further secured by your assets and also feature very competitive rates for all types of credit as well as high loan amounts.

Watch for: Long terms (3, 5, or 7 years) and potential balloon payments made at the very end of your payment term.

Are you a Retailer and you Accept Credit Cards?

You will most likely qualify for a cash advance that comes from a merchant credit company based on your businesses credit card receipts. Those bad credit small business loans will charge rates during the payment period.

Watch for: Unusually high rates or fees, as well as a contract to switch your terminal equipment or service. These advances are not really loans and are mostly unregulated in reference to the max rate being charged.

Do you own a Medium or Small Business and need Quick, Cost-effective Capital?

CCR or Credit Card Receivable loans are short-term, and a fully regulated business loan maintaining interest rates 50-80% lower than the cash advances, no fees upfront, contracts to purchase equipment, and are available to business owners and businesses with credit scores as low as 550. These loans fund out in 7-10 business days. See the link below for more details.

Finding cost-effective options for bad credit small business loans in today's rocky economy is no easy task, but it is not nearly as unfeasible as the media claims. Be sure you are aware of the options available to you, ask specific questions before committing to anything, and be sure you are speaking and dealing with a financial expert who will fully and accurately discuss the details you need to know.