A business loan is a type of financing that provides companies with funds to support operations, expansion, or other financial needs. It can come from banks, credit unions, or alternative lenders and may be secured or unsecured, depending on creditworthiness and collateral. Businesses repay the loan with interest over a set period, and terms vary based on factors such as the loan amount, business history, and financial health. Proper use of a business loan can help improve cash flow, fund growth, or cover unexpected expenses.
What is a business loan?
