Business Loan
A business loan is a type of financing provided by banks, credit unions, or online lenders to help businesses cover various expenses and invest in growth opportunities. These loans can be used for a wide range of purposes, including starting a new business, expanding operations, purchasing equipment or inventory, managing cash flow, or funding other business needs. Business loans can come in several forms, such as term loans, lines of credit, or equipment financing, and they may be secured or unsecured, depending on the lender's requirements and the borrower's creditworthiness. The terms, interest rates, and repayment schedules vary based on factors like the business's financial health, credit history, and the amount borrowed.