Small business loans are financial products designed to help entrepreneurs and small business owners access the capital they need to start, grow, or manage their businesses. These loans can be used for various purposes, such as purchasing equipment, hiring employees, or covering operational expenses. Lenders, including banks and credit unions, typically evaluate the business's creditworthiness and financial history before approving a loan. There are different types of small business loans, including SBA loans, term loans, and lines of credit. Each type has its own terms, interest rates, and repayment schedules. Small business loans can be crucial for entrepreneurs looking to expand their operations or navigate financial challenges.