Applying for instant business credit cards when you have bad business or personal credit is something a lot of bad credit borrowers have been doing on a frequent basis. Technology has made it very easy with to apply on line for a bad credit-credit card. Instant online access to the application does not mean instant approval. It just means you could get an instant reply or you could have to wait up to 30 days to get a response. At least with this process you do find out immediately which method the lender will use to notify your or if they have more questions.

If you have very bad business and personal credit, it is very likely that you will not qualify for a business credit card in today's credit market. There are options and one option is to consider the Micro Enterprise Business Alliance. It is an alliance of networked small businesses and lenders who work with small business owners to help save on their monthly business purchases, and they assist with emergency business cash up to $2000 and SBA loans up to $25,000. MEBA charges a small $97 monthly fee for the membership.

If you are one of the many small business owners who are experiencing trouble getting a bad credit loan, you may also consider a payday loan or a bad credit personal loan; these are some other options you can consider.

Please understand that these companies will charge higher fees and a higher interest rate because of the risk they are taking. The MEBA however only charges 10% and you must pay the business loan back within 30 days. But the good news is the interest rate is the same regardless of your personal or business credit.

If these are your last options the high interest rate probably is not a big issue to you as you need money to survive the economic crisis.

When applying for an instant bad credit card or business line of credit, make sure to be completely honest on your application. Do not increase the amount of your salary or claim that you have live somewhere for a longer period than you have. You might get away with it in the short run but in the long run it will be found out and you will struggle to fix your credit reputation.

Please make sure to return to Corporate Fast Track Blog for all your business credit news.