Definition Of Business Loan
Loans provided to small businesses for various purposes by a lender.
Definition of business loan. A business loan is a loan specifically intended for business purposes. Means the business loan agreement dated november 13 2008 by and among borrower abraxas properties and plainscapital bank as amended by the consent and amendment dated as of october 5 2009 by and among borrower abraxas properties and plainscapital bank as may be amended restated modified refinanced extended or otherwise changed. Meaning of business loan. The term loan is the primary source of long term debt raised by the companies to finance the acquisition of fixed assets and working capital margin.
Definition of business loans. Business loan a bank loan granted for the use of a business commercial loan bank loan a loan made by a bank. Define business loan agreement. Avail financing at attractive interest rates borrow capital without pledging any of your assets and get access to credit that can be repaid over a.
As with all loans it involves the creation of a debt which will be repaid with added interest there are a number of different types of business loans including bank loans mezzanine financing asset based financing invoice financing microloans business cash advances and cash flow loans. If you need funding to expand your existing business buy machinery or boost production look no further than a bajaj finserv business loan. To be repaid with interest on or. The loan company is a financial institution principally engaged in the business of providing finance to the public whether by making loans or advances or otherwise for any activity other than its own excludes equipment leasing and hire purchase activities.
Provided that the. Businesses require an adequate amount of capital to fund startup expenses or pay for expansions. A business loan is a kind of financing you can avail to meet the urgent needs of your growing business. Business loan synonyms business loan pronunciation business loan translation english dictionary definition of business loan.
As such companies take out business loans to gain the financial. These loans may have less restrictive requirements enabling the small business to secure the funds. A small business loan may provide other incentives for the borrower which could minimize expenses for the business. It is also called as a term finance which means the money raised through the term loans is generally repayable in regular payments i e.
Information and translations of business loan in the most comprehensive dictionary definitions resource on the web.