A business loan is specifically intended to be used for business purposes. Like a mortgage on a residential property there is a debt created that has interest added.
Business loans are split into two categories. The first type of business loan is to start up a new business and the second type of loan is to buy an existing business.
With the thought of entering into business ownership you need to consider the many requirements needed to qualify for a business loan:
If you can’t find the information you need for a business loan please fill out the form below and one of our team members will be in touch as soon as possible.