Business loans

What is a business loan?  

A business loan is a type of funding in the form of a lump-sum payment that businesses can get to cover  the costs that come with operating and growing a business. These loans are typically paid back in regular  installments with interest and fees. Business loans are one of the most versatile forms of business  financing and are available in a large range of amounts and payment options.  

How does it work?  

With a business loan, you are given a set amount of funds to use for various business needs. You are  required to pay interest on the entire loan, which can be more costly than the interest on a business line  of credit. Once the loan is paid back, the funds are no longer available to be used. Another application  must be submitted If your business needs additional funding.  

Why choose a business loan? 

A business loan gives you access to capital so you can invest it into your business. The funds can be used  for many different purposes, ranging from maintaining daily operations to growing your business with staffing, business acquisitions, and more. With competitive rates and a variety of terms and payment  plans available, you have the ability to choose a loan that is created specifically for your business needs.