Is it possible to start your small business even without cash on hand? The answer is yes! There are agencies, firms or banks where their sole mission is to help entrepreneurs to start a business. This system is what we call, commercial loan.Commercial Loan is very common in the world of business. The lender allows investor to apply a loan and granted it to use for to start a business. Other existing establishment also avail this type of loan by lending funds for basic operational purposes like purchasing materials or machineries, supplies, goods or even funds for employment payrolls. This loan is design for a shorter term basis, renewable so the investor secures funds needed and repay it within the agreed terms.This kind of loan takes a longer time to process. After the submission of the investor application, it will be screened and under meticulous reviews on your credit reports and clearing procedure. This process of prequalification is done to determine if the debtors is capable of repaying the lenders. In some cases, to cite some opportunities or specific loan plan that is suitable for the debtor capability.After the submission of requirements, it is reviewed and checked by the loan personnel for an additional requirements needed such as your financial statement or bank statement and collateral. If everything is completed; the process is move to the next step where the decision-making occurs. Where the lender determine the specified amount granted. The lenders provide the designated contract, inclusive of the terms and conditions of both parties (debtor and lender). The term should be discussed properly, let the debtors understand the conditions like the amount granted, interest rates, mode of payments, types of security (assets) as well as the penalties if late payments happen plus the other key terms. If your loan is approved after two to five days the granted amount will be given to you in the form of check, bank to bank or wiring transaction.This is only if you passed after reviewing your credit history. How about if you had bad credit history? Can you still avail any loans so that you can use as starting capital to your business? The answer is still yes, because bad credit consolidation loan is available nationwide.Seek debt consolidation services near you. If you are living in Chicago, then try the Chicago debt consolidation directories. These groups will provide your some plans that might help change your credit history, paid off your debts and encourage you to increase your savings. They will grant you a loan with lowest interest rates, in order to solve your problem and at the same time, help you start your own business. Yet, not all debt consolidation companies are best option. Provide extra cautions in seeking this kind of services. Make sure that the debt consolidation companies you are working with, is a legitimate, have good reputation and a long-standing company.In conclusion, even if you are engaging to the debt consolidation services it is still best that you understand the agreed terms, to avoid trouble in the future.