Small business owners can choose from among several different types of business loans to meet their financing needs. Each loan product has unique qualification requirements, interest rates, and terms. Whether you’re looking to buy equipment, real estate, inventory, or just need working capital, there’s a type of small business loan that will suit your needs and preferences.
Here are the nine most common types of business loans available to entrepreneurs:
Term loans
Business lines of credit
SBA loans
Equipment financing
Invoice financing
Commercial real estate loans
Microloans
Personal loans for business use
Merchant cash advances
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