A business loan is a loan specifically intended for business purposes. it's a borrowed capital that companies or individuals apply toward expenses that they are unable to pay for themselves. Business loans may either be secured or unsecured.
Some business owners use business loans to pay for salaries and wages until their new company gets off the ground, while other companies put borrowed funds towards office supplies, inventory or business projects.
In order to understand how business loan works, imagine borrowing a capital to fund a startup or pay for an existing business expansion without pledging anything against the borrowed amount. A Business loan gives you access to credit that can be paid back over an agreed time duration along with the interest rate.
Lendz® match customers with lenders for business loans. Business start up loans. Business expansion loan. At a very low interest rate.