Business Loans

Business Loans are a sum of money borrowed by a business owner to fund specific company needs, which is then repaid over a set period with interest.

Unlike personal loans, these are tailored to the life cycle of a company, whether you're just starting out, managing seasonal dips, or expanding to a new location

Core Components

• The Principal: The total amount you borrow.

• The Interest: The cost of borrowing, usually expressed as an Annual Percentage Rate (APR).

• The Term: How long you have to pay it back (Short-term: 3–18 months; Long-term: 3–25 years).

• Repayment Schedule: Usually monthly, though some business loans allow for weekly or even daily payments based on sales.