Business Loan

A business loan is a type of financing obtained by companies from banks, credit unions, or online lenders to support operations such as startup costs, expansion, inventory purchases, or refinancing existing debts. These loans may be structured as lump-sum term loans or revolving credit lines, each with distinct repayment schedules and interest rate models. Some loans require collateral (secured), offering lower interest rates, while others rely on the business's credit history (unsecured)Terms can span from a few months to over 25 years, depending on the loan type and purpose—shorter terms reduce interest but may demand higher periodic payments