Business Loan

A business loan is a form of financial assistance provided to companies for operational or strategic objectives. It can take the form of:

• A lump-sum term loan, with fixed repayments over a set period, often used for capital expenditure or expansion. 

• A line of credit, offering flexible borrowing up to a limit, with interest only on the amount used. 

• Secured loans, backed by collateral such as property, equipment, or inventory, typically offering lower rates.

• Unsecured loans, which don't require collateral but rely on creditworthiness and may carry higher costs.