Business loans are financial products designed to provide funding to businesses for various purposes, such as expansion, working capital, or equipment purchase. These loans can be secured or unsecured, with terms and interest rates determined by factors like creditworthiness and the borrower's business plan. Business loans offer flexibility in loan amounts and repayment terms, allowing businesses to manage their finances effectively. They are essential for growth, helping companies invest in their operations, hire employees, or navigate financial challenges. These loans play a crucial role in supporting entrepreneurship, innovation, and the overall health of the economy by providing businesses with the capital they need to thrive.