Business Loans

A business loan is a type of loan that is intended to be used for business purposes. For example, a business loan can be used to finance the start-up costs of a new business, purchase property, or fund advertising. Business loans, sometimes known as commercial loans, can be obtained from a number of institutions. To apply, the business owner or corporate executive contacts a lender, who will request a business plan or detailed information on intended use of the loan proceeds.