Commercial Loans

Commercial loans are financial products used by businesses to finance their operations and investments. These loans can be secured or unsecured and typically have longer terms than consumer loans. They are usually offered at a higher interest rate than consumer loans due to the increased risk associated with business ventures. Commercial loans can be used for a variety of purposes, including purchasing equipment, financing expansion projects, and refinancing existing debt. Businesses must provide collateral in order to secure these types of loans, such as real estate or inventory. Repayment terms vary depending on the loan amount and purpose but are generally structured around monthly payments over a set period of time.