What types of business loans can I apply for?
Types of Business Loans
Short-Term Loans - Loans that are paid back in less than one year. Types of short-term loans include:
- Working Capital Loan
- Accounts Receivable Loan
- Line of Credit
Long-Term Loans - Loans with maturities greater than one year. These loans are used for major business expansions, purchases of real property, acquisitions and in some instances start-up costs. Types of long-term loans include:
- Personal Loan
- Commercial Mortgage
- Term Loan
