A business loan is taking some money from bank as a loan (that you return later on) for business purposes. As with all loans, it involves the conditions, that is, it needs to be repaid with added interest. A bank loan may be taken from a bank, and it can either be secured or unsecured. In the case of secured loans, banks will require collateral, which may be lost if repayments are not made. The bank will consider the business’s accounts, balance sheet, and business plan to study the principals' credit histories. Loans taken from credit unions may be referred to as bank loans as well. Read more... … Read More »