Getting a small business up-and-running takes work, and it takes funding. For most individuals, it will require one or several loans just to get the business started, with potentially more down the line.

Understanding loan options is, for this reason, essential for small business owners. Knowing your options both at the outset, and over the course of running a company, can make all the difference in finding long-term fiscal success.

Here are three types of loans worth considering as you work to make your small business sustainable, and profitable.

1. SBA Loans

SBA loans are one of the most friendly options for small business owners. These loans are partially backed by the federal Small Business Administration, and are designed to encourage enterpreneurship and economic growth. Rates tend to be favorable, and terms long.

SBA loans, while federally-backed, are issued by private financial institutions. They often require extensive paperwork and documentation, and the time from application to acceptance can be substantial. Still, they are a great option both for new small businesses, and for businesses looking to grow.

Finally, they come in many different formats: CDC/504 loans, 7(a) loans, microloans, lines of credit, and more. The multitude of options makes it more likely you will find a loan that works for you.

2. Asset-Based Loans

In certain cases, an asset-based loan can be an enormously useful way for a small business to grow. Asset-based loans are generally quick to secure, and not especially onerous about terms. They are lent on the basis of an asset of value that you put up as collateral — property, equipment, inventory, or something else — which can be collected in the event you default.

But provided you have the capacity to responsibly repay, an asset-based loan can be a quick way to access needed cash.

3. Lines of Credit

A line of credit is essentially a fluctuating loan that you can draw from as needed. Similar to a credit card, it functions as a repository of extra cash available to your business. It can be extremely helpful when money is tight — to briefly cover payroll, purchase additional inventory, make small repairs, and more. Regular use and repayment of a line of credit will also help improve your business’ credit score, strengthening your fiscal profile.

This is only a small sample of the loans available to small businesses. Doing thorough research will ensure you are aware of the multitude of loan options available to you.