A business loan can help you maintain or grow your company. Simply put, it’s a way to borrow money for business purposes, and then repay it in instalments, including interest, over a specified term.
A business loan can help smooth out fluctuations in a company’s cash flow. This will enable your business to take advantage of opportunities that you might otherwise miss due to a lack of working capital or reluctance to tie up large sums of cash. It’s also, typically, an unsecured loan, which means you are not required to provide any collateral to secure the loan.