Small Businesses Thrive Fast Thanks To Business Loans
Types of Business Loans Available
There are various types of business loans tailored to meet different needs. Term loans offer a lump sum of capital that is repaid over a fixed period, making them ideal for large investments. Lines of credit provide flexible access to funds that can be drawn upon as needed, similar to a credit card. SBA loans, backed by the Small Business Administration, offer favorable terms and lower interest rates, making them an attractive option for many small businesses1.