For those who are looking to expand their business or start a new one, money is the most critical factor. There are multiple ways in which one can get a loan to fund your business.

Businesses have the option of selecting a term loan to finance their business. It is one of the most common types of business financing. Term loans are short term to long term loans given to businesses to meet their working capital requirements, expansions, and purchases. These loans are also known as installment loans, and the period and interest depend on the type of loan selected.
Source: https://www.entrepreneurshipsecret.com/types-of-small-business-loans/