Is the business not picking up yet? Is your busy season not as busy as you need it to be? If you find that you may be short on assets, but know that things will get better in the following months, what do you do? If you just cannot make it the additional month or two, bankruptcy or closing up shop should not be the first option.

Instead, consider something like a short term business loan. When you do something as simple as get small business loans, you are able to pay your employees what they deserve, able to pay your bills on time, and able to stay afloat until you know that you can pay it back. Sound like a viable option? It just might be what your business needs to survive. Read on to check out if this could be your lifesaver.

• Business Loans

Not only are they good to get you through a tight spot, but they can also be used as direct capital in order to get a business off of the ground. Starting a business is no inexpensive endeavor. As such, it takes a ton of initial money in order to reach the point where you are earning it back. Banks and financial institutions offer that kind of short term business loan in order to give you the chance to reach the point of profitability.

• Business Loan Types

There are a variety of long and short term business loans that you can apply for. Each one can be catered to a particular situation that your business finds itself in. Some examples are:

1. Accounts Receivable Factoring
2. Merchant Cash Advance
3. Franchise Start-Up Loans
4. Business Acquisition Loans
5. Lines of Credit
• Business Loan Application Form

Depending on what institution you are seeking the loan from, and what type of loan you plan to apply for, the application process can vary slightly. But, more often than not, you can find the same basic questions asked on each form.

1. Why are you applying for the loan?
2. How will the proceeds be used?
3. What assets need to be purchased?/Who are the suppliers?
4. What other business debts do you have?/Who are the creditors?
5. Who are the members of your management?

You do not need to pass up on a great business opportunity just because of a little missing capital. Nor do you have to close your doors forever for the same reason. Small business loans are completely capable of making that happen for you. Do not be afraid to consider one. Just make sure that it is the best move for the company.