Business Loan

A business loan is a debt product tailored for businesses to finance needs like working capital, expansion, inventory, or equipment. Borrowers can receive funds as a lump sum or through a revolving line of credit.

Common types include:

• Term loans: Fixed payments over 1–10 years (sometimes up to 30), useful for investing in growth or assets

• Lines of credit: Flexible borrowing up to a set limit; interest is charged only on borrowed funds.
• SBA-backed loans (U.S. specific): Government-guaranteed financing (e.g., SBA 7(a), microloans up to $50K, 504 loans) with favorable terms