WATCH: A guide to business loans
Finance & Funding
Key learnings
- A business loan is a sum of money provided to a commercial entity that will need to be repaid with interest over a fixed time period. Business loans are sometimes referred to as debt financing.
- Business loans can be secured or unsecured. If they are secured, that means the money loaned to you is secured against the assets of your business or in some cases, your personal assets.
- Making sure you only borrow as much as you need will reassure the lender and help with affordability.
Business loans can be provided to companies of all shapes and sizes and operating in all sectors to support their growth and development. Here UMi Business and Investment Adviser Glen Callander gives a general overview of debt financing and reveals what kinds of businesses should be taking this funding route.
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