President Obama on Tuesday sat down with small business owners from across the country to discuss their economic concerns and their recommendations for avoiding the “fiscal cliff.”

During this meeting White House criticized the administration for not including small business owners in such meetings and declared it as an insult for being omitted.

Congress is currently making arrangements in favour of small business owners in terms of spending cuts and in increasing taxes.

After the meeting Tuesday, Blanche Lincoln, former Democratic senator and head of the NFIB’s Small Businesses for Sensible Regulations coalition, said “For the sake of our economic future, our national leaders must work together to simplify and balance the federal regulatory process,” Lincoln said. “We need greater transparency and insight into the process, accountability from Congress and the courts, and an environment that promotes sustained small business growth.”

Small business owners are looking forward to the positive impact of decisions being made, and are opting for small business loans for working capital.

Business Loans
There are two forms of loans,
1. Secured loans and
2. Unsecured loans

Secured loans are the ones which are availed through some guarantee of property or any similar asset and unsecured loans can be received in any bad situation or even you don’t have any property to show for guarantees or when your credit history is bad. Secured loans demand low interest rates but unsecured loans come up high interest rates which are dependent on the amount of profit you earn each month.

But people who have bad credit or are beginners in business industry often look for un-secured lending options. Bad credit loans are easy to get and do not follow rigid and strict re-payment methods. Unsecured loans are of less quantity as compared to secured loans and you have to re-pay the loan in 1 to 10 years.

Bank Loans
Banks are usually the best source to get secured loans; you can visit your nearest bank or look for other options and visit them to see their loan deals. You can put forward your business plan so the expertise also offer you better business plans. Secured lenders demand low interest rates and can be received in high amounts.

The Re-payment Time
The re-payment time is 10 to 25 years but is best if you are starting your business on large scales. Secured loans also follow strict re-payment plan but if your mission is to only re-pay low interest rates then, you can’t even think about other options.

Merchant Advisors is the best option for small business owners who are currently in need of funding for small businesses.