A fast online loan can be used for any purpose, including a small business loan. The average business loan from the Small Business Administration is $107,000. Running out of capital is common for small businesses, though not everyone may need as much as the average loan amount from the SBA. A small business loan from a lending network that’s fast, done online within one business day, and made to a business owner with bad credit can be a sensible solution. These loans can also be used for debt consolidation. If you’ve maxed out your credit card and have high balances on a few others, then it may be worthwhile to look at debt consolidation and pay off your credit card debt. A lower overall interest rate over a year or so can make them cheaper to pay off. While you can borrow one of these loans to pay for your college textbooks, these lender networks do not recommend using their products as a type of student loan. If a payday lender sounds too ominous, then you may want to look to a credit union for a short-term loan. Credit unions offer something called Payday Alternative Loans (PALs), which you can learn more about here. PALs were designed specifically to help bad credit borrowers avoid predatory lending services.