business loan JUST WRITTEN FOR YOU
/ˈbɪznəs ˈloʊn/ · bus.i.ness.loan
noun
- A loan provided to a business or entrepreneur for the purpose of financing a specific project or venture. The small business owner applied for a business loan to fund the expansion of her company.
noun
- A type of loan that is specifically designed for businesses, often with more favorable terms than personal loans. The company secured a business loan with a lower interest rate than their credit card debt.
Did you know? The first business loan in the United States was granted in 1790 to a group of investors who wanted to establish a bank in Philadelphia.