A business loan is a type of financing provided to companies for various business needs, such as expanding operations, purchasing equipment, managing cash flow, or covering other business expenses. These loans can be secured (requiring collateral) or unsecured, and terms vary based on factors like the loan amount, repayment period, and interest rates. Business loans are tailored to support the growth and financial stability of both small and large enterprises, offering flexibility in how the funds are used to meet the company’s objectives.
