Business loans are sub-categorized as Term Loans, Working Capital Loans, Business Expansion Loans, Equipment Financing Loans, Invoice Financing & Bill Discounting, and Machinery Loans.

Business loans are financial products designed to provide funding for various business-related needs and expenses. These loans are offered to entrepreneurs, small business owners, and larger corporations to support their operations, growth, or specific projects. Business loans come in various forms, including term loans, lines of credit, equipment financing, and more.

Key features of business loans include the loan amount, interest rate, repayment term, and the purpose of the loan, which can range from working capital to equipment purchase, expansion, or debt consolidation. The approval process may involve a review of the borrower's creditworthiness, financial statements, business plan, and the collateral offered, if any.

Business loans can be valuable resources for entrepreneurs and established businesses seeking to finance their ventures, address cash flow challenges, expand operations, or invest in assets and equipment. These loans play a crucial role in facilitating business growth and supporting economic development.