Smooth running of your trade requires financial support. Business loans can be one source of adequate finance but you must be well prepared to meet certain conditions in order to find out a suitable and less burdensome offer.Know that interest rate and terms-conditions on these loans depend a lot on the credit report of your business. The report includes all those repayments that you have been making or not making in the past for old business debts. Hence, first of all, check the credit report to make it free of errors, before the lenders take it out. You should keep all the documents of the trade ready and with a convincing repayment plan for the loan. You must tell the lenders as to how and where are you going to invest the loan amount and how are you going to repay.Big amounts of business loans are secured loans, given against a commercial or residential property, placed as collateral with the lenders. Due to collateral, the loan is ideal also for bad credit borrowers, who have host of tags like late payments, arrears and CCJs in their name. The loan will depend on value of collateral and a certain percentage will be fixed for the amount. The loan ranges from £50000 to £1000000. Such a borrowed amount comes with the advantage of low rate of interest. Also, you can repay it in 5 to 30 years. The borrowed amount can be put to buying raw material, equipments, machinery, purchasing a shop or any commercial property etc.Sometimes only smaller amount is the need. You can borrow it without offering anything for collateral as unsecured loan. But interest rate will be on the higher side. You can return the smaller loan in 5 to 15 years.Your efforts should be directed towards find out business loans at competitive rates for making the repayment easier. It is advisable to browse the internet and apply for the rate quotes of as many such lenders as you can. They will not only quote their rates but also the additional fee charges. Thus you can settle for an offer that is less stressful on your business.