A small business loan is a type of financing specifically designed to help entrepreneurs and small business owners fund their operations, purchase equipment, or expand their businesses. These loans can come from various sources, including banks, credit unions, and online lenders, and typically have specific terms regarding repayment and interest rates. Small business loans can vary in size and duration, often ranging from a few thousand to several million dollars. They may require collateral or a personal guarantee from the business owner. Proper planning and a solid business plan are essential for securing a loan and ensuring successful repayment.