Business Loan

business loan is a loan specifically intended for business purposes.[1] As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans

Types of Business Loans

Broadly there are 8 types of business loans in India:

  • Working Capital Loan
  • Term Loan
  • Letter of Credit
  • Bill Discounting
  • Overdraft
  • Equipment Finance
  • Loans under Govt. schemes
  • POS Loans