Business loans are financial products offered by banks or lenders to help businesses secure funding for various purposes, such as expansion, working capital, or equipment purchase. These loans provide a lump sum amount that businesses repay over an agreed-upon period with interest. Lenders assess business creditworthiness, financial stability, and potential for repayment before approving a loan. Loan terms, interest rates, and repayment schedules vary based on the lender and the business’s financial health.