small business lending

Small business lending refers to the process by which financial institutions, such as banks or credit unions, provide funds to entrepreneurs and small business owners to help them start, sustain, or grow their businesses. This can include loans, lines of credit, and other financing options. The borrowed money can be used for various purposes, including purchasing equipment, inventory, or real estate, or covering operational expenses. Lenders generally evaluate a business's creditworthiness, financial health, and business plan to determine eligibility and terms. Effective small business lending is crucial for fostering economic growth and job creation.