Commercial Loan

A commercial loan is a type of financing used by businesses to fund various needs, such as purchasing equipment, real estate, or working capital. Typically provided by banks or financial institutions, these loans usually have specific terms regarding interest rates, repayment periods, and collateral. Businesses often use commercial loans to grow or operate efficiently, and the amount borrowed depends on the company’s creditworthiness and financial health. Unlike personal loans, which are meant for individual use, commercial loans are tailored for business purposes.