As some of you know I run a business.  But I am also a real estate investor.  Especially once you get bigger than a lemonade stand, most businesses depend on financing to operate and expand.  In fact, financing is part of the day to day operations of a business.

Now if you are not in a rush, usually unsecured business loans are the way to go.  Sometime the approval time of these loans are not quite quick enough for some types of transactions such as the investment in auction goods.  Also, in most cases there is a lot of paperwork to fill out - and you need to provide accurate financial statements.  Quite often the credit of the company comes into play - and if it has some bad credit, that is a whole different situation all together.

Business loans for bad credit are a little harder to get.  They make you jump through a few more hoops.  In this case (as in all others) honesty is especially important - if you are being honest with your loan officer, you will have a powerful ally on your side.  Time wise, this is not the best type of loan to get and you can expect approval times to be longer than a regular unsecured loan.  In some cases you will have to pledge some assets as security against the loan to ensure the interests of the lender are protected.

If speed is of great interest (for example in the purchase of a business at an auction) a business cash advance is a great alternative to a traditional loan.  Most of the institutions providing these cash advances do not require the amount of time, paperwork, or financial documentation a traditional loan requires.  Approval (provided you meet the conditions of the advance) is typically less than twenty four hours, with advances typically up to $250,000.  Also, they are less concerned with your credit rating, so this is also suitable for companies with bad credit.

A final word of advice: as with any other financial decision, I would recommend consultation with a financial professional - though the information is accurate, it may not be accurate for your situation, and a financial professional can give advice that is tailored to you and your organization.