 TITLE: 8 Ways to Get Emergency Financing for Your Small Business CONTENT: 3\\. Online Lenders\n------------------\nWith their sometimes lengthy approval processes and stringent criteria, traditional bank loans don't work for many small businesses that need cash quickly. Many banks are reluctant to write small loans, so unless you're seeking hundreds of thousands of dollars, a bank may not fit your needs. Online lenders fill the gap by offering smaller loan amounts, easy application processes and looser approval requirements. You can usually apply for these loans online, get approved right away and have the money in your bank account in a day if you are approved—sometimes faster.\n**Pros**: Quick access to cash; simple approval process; good fit for smaller loans.\n**Cons**: Smaller loans and higher interest rates than traditional bank loans. END