Small businesses provide major value in America but are often the most vulnerable. Since they are subject to changes in the economy and unexpected costs can arise at any time, it can sometimes be difficult to make ends meet.

Luckily, there are many borrowing options in case of an emergency that are designed to give small business owners the funds they need. If you’re a small business and want to know your options to borrow money, here are just a few approaches to get you started.

1. Lines of credit

A line of credit is an excellent way to get flexible access to funds. With a credit limit that matches the needs of your business, you can borrow as little or as much as you need. You can then pay back what you owe all at once or over time.

Some lenders offer same-day approval for lines of credit, so you don’t have to wait to cover expenses. Be sure to shop around for a line of credit with terms that work for your needs and budget.

2. Small business loans

The Small Business Administration provides loans for small businesses in America to access in a pinch. Because they’re through the SBA, these loans are typically more favorable for small businesses in terms of rates and fees.

The SBA offers several loan types to businesses, including accounts receivable financing and even equipment loans to help with specific expenses. This is a great option for staying within a network that supports your endeavors and knows how to help during a difficult time.

3. Bank business loans

Whoever you bank with for your accounts payable and receivable is likely to also have loans available. Because you’re already a trusted member with business dealings, it may be easy for you to secure a loan with your chosen business bank.

Many major banks offer this option and have dedicated teams to help business clients decide which approach is the right one for them. Just keep in mind that some loan options require a certain annual income or even a deposit to secure funds.

4. Peer-to-peer loans

If you want to avoid high interest rates and strict borrowing terms, it may be time to consider peer-to-peer lending. This option is perfect for those who have networked or have mutual contacts with businesses or investors willing to loan them money. Because this process eliminates the middleman (the bank), it is a bit riskier and can require more work to ensure that the process goes smoothly without the help of the financial institution.

5. Emergency business loans

Say it was a slow month, and your business is in jeopardy of not having payroll clear. Or maybe an oven in your bakery broke during the holiday season, and without it, you’ll lose business.

In any case, emergencies do happen. For a small business, this can be especially crippling without a large reserve fund for quick cash.

In situations like these, an emergency business loan can be ideal. There are plenty of types, from same-day business loans or installment loans to other short-term online loans.

The bottom line

Emergencies are bound to happen from time to time when you own a small business. In an ideal world, that means having an emergency fund to cover those unexpected expenses, but it is not always possible. Instead, small business owners can turn to this list to find the short-term funding solution that is right for their needs.