What are business loans?
A business loan is typically a lump sum of money you borrow from a financial institution (or, in some cases, a government agency) for business-related purposes, such as paying for startup costs, buying supplies, conducting research and development, or expanding your operations.
The interest rate and term will vary, based on the business loan you choose. As with any kind of type of loan, you’re required to pay back the funds with interest on an agreed-upon schedule.
A business can also borrow money via a line of credit, through which money is borrowed, repaid, and borrowed again over a period of time.
Here is a list of different forms of business loans:
- Black entrepreneurs
- Business acquisition loan
- Commercial real estate loans
- Equipment purchase loan
- Growth & Transition Capital
- Indigenous entrepreneurs
- Purchase order loan
- Small-business loan
- Startup financing
- Technology financing
- Women entrepreneurs
- Working capital loan
And more!
Questions?
Want to talk about business loans?
