What is a Business Loan and how can it Help for You

A business loan is an amount of money that is transferred from a lender to a borrower. The borrower is commonly a business rather than an individual and the lender is usually a bank. The lender will set terms of interest rates and the repayment schedule, to which the borrower has to agree. Lenders may also have differing types of loans they have to offer, and may provide both secured and unsecured loans. Secured loans may either seek some collateral

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