A business loan is a type of financing offered by banks and financial institutions to business owners for various purposes such as starting a new venture, expanding existing operations, purchasing equipment, managing cash flow, or covering operational expenses. These loans can be secured (backed by collateral) or unsecured (based on creditworthiness) and come with flexible repayment terms. Business loans help entrepreneurs grow their enterprises, improve infrastructure, boost working capital, and achieve long-term goals.
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