Business Loan

A Business Loan is a financial product offered by banks, NBFCs (Non-Banking Financial Companies), or fintech companies to help entrepreneurs and business owners fund their operations, expand, or meet other business-related needs.

What is a Business Loan?

A business loan is borrowed capital that companies apply toward expenses they are unable to pay on their own. It may be:

  • Secured (with collateral like property, equipment)
  • Unsecured (no collateral required)
Purpose of a Business Loan
  • Working capital needs
  • Business expansion
  • Buying equipment or machinery
  • Managing cash flow
  • Hiring or training staff
  • Inventory purchase
  • Renovation or infrastructure development