 TITLE: 8 Ways to Get Emergency Financing for Your Small Business CONTENT: What to Consider When Seeking Emergency Financing\n-------------------------------------------------\nNo matter what type of emergency financing you decide to apply for, here are some factors to keep in mind.\n*   **Know exactly what you want.** How much money do you need? What will you use it for (for example, buying three new delivery trucks)? How will the money measurably benefit your business (for example, doubling production capacity)? How much time do you need to repay the loan? Answering these questions will help you determine the best source of financing and increase your chances of getting approved. Create financial projections to assess the financial impact of the loan and your ability to repay it.\n*   **Match the source of capital to your need.** Generally, emergency financing is for short-term needs, which shouldn't be financed with a long-term loan. Look for short-term loans, which generally have terms of 24 months or less.\n*   **Give lenders what they want to see.** Even lenders with streamlined approval processes will ask for certain basic information, such as your years in business and your annual sales. They will also consider your business credit score and, in some cases, your personal credit score. From now through May 15, 2020, Experian is offering companies a [free business credit report](;link=5051&nofocus=1) so you can see where you stand before applying for financing. END