Replacing high-interest debt with cheaper capital. Strategic Considerations

Shows ability to handle new monthly payments. Common Use Cases Working Capital: Covering day-to-day operational costs. Expansion: Opening new locations or entering new markets. Inventory: Bulk buying to reduce per-unit costs.

Personal (680+) and business scores matter most. Time in Business: Most lenders require at least two years.

Government-backed loans with lower down payments.

Overview of Business Loans Business loans provide capital for growth, operations, or equipment. They are legally binding agreements between a borrower and a lender. Core Types of Loans Lump sum paid back over fixed periods.

Minimum thresholds often start at $100k–$250k.