business loan

A business loan is designed to support operational needs and strategic growth in businesses. Here's what they typically include:

Types of Business Loans:

• Working Capital Loans: Bridge short-term expenses like payroll and inventory (Paisabazaar).

• Term Loans: Lump-sum loans with fixed repayment schedules over 1–10 years or longer. Useful for asset purchases or expansion

• Equipment Financing: Purchase or lease machinery, often collateralized.

• Invoice/Bill Discounting: Borrow against unpaid invoices.

• Lines of Credit: Revolving credit lines; borrow what you need up to a limit.

• Letters of Credit: Guarantees in trade, especially for imports/exports.