When all time tycoon and real estate king Donald Trump can have a bad credit rating, then why can’t any other businessperson? But what makes the Donald a business to reckon with is the fact that he stuck it out. You’re business will have shadowy days but that’s no reason to give up on a dream and an institution that you’ve poured your heart and soul into. There are ways out and here you will read about them.Business loans have been around even before there were banks. The best customers for the ancient money lenders were the business folks. But what happens to the credibility of a business when it is forced into a financial corner. A businesses credit rating is determined by its ability to generate cash flows to make interest payments for its existing debt. In a financial crunch, your credibility may go down quite a bit and will make the mainstream financial institutions that have been funding you so far reluctant to carry on doing business. But this is where bad credit business loans come in.Bad credit business loans are specially designed to help your business out of a financial crisis. While bigger businesses may have more assets to divest and generate finances from, the smaller businesses have fewer resources. This of course is no judgment on their ability; it just requires a different financing mix. These loans will help you refinance you existing debt in case you’ve missed interest payments and they may even help to blow much needed life into your business after you’ve filed for bankruptcy.Bad credit business loans may be either secured or unsecured. For a secured loan, you will need to put up an asset of value that equals the value of the loan as collateral. Getting a secured loan like this is a better option because it lowers the interest rate that you may have to pay, you can also borrow significantly higher amounts and the repayments conditions may be flexible to a greater degree as well. But the one risk with such kind of an arrangement is that in case you’re unable to meet a scheduled payment, your pledged security will be legally confiscated. The typical secured bad credit business loan ranges from a small amount of £5,000 to even £100,000. Furthermore, if your existing financial position is weak, then you can take the loan for a term of 25 years and you can even repay earlier within 5-15 years.Bad credit business loans that are unsecured offer less flexibility. The payment conditions are much stricter and you can borrow much less with this option. Specifically you can borrow £5000 to £25000 and you can repay it within few months to 10 years.You’ve read the possible range of the loan that you can get, but the actual amount that gets approved by the institution will be determined by their assessment of your assets and business worth. Both your short term and long term liquidity will play a role as well as any business plans you may have to get yourself out of your crises.