Loan Glossary
Plain-English definitions for every term you'll encounter in the loan process
Showing 2 terms
in Business starting with B
B
Business Line of Credit
BusinessA revolving credit facility allowing a business to borrow up to a set limit, repay, and borrow again. More flexible than a term loan, with interest charged only on amounts drawn.
Business Term Loan
BusinessA lump-sum loan repaid over a fixed period (1–10+ years) with regular payments. Best for specific, one-time capital needs like equipment purchases or expansion.