Here are some common types of business loans:

Term Loans: These loans provide a lump sum of capital that the business must repay over a fixed term with regular payments. Term loans are often used for long-term investments, such as equipment purchase or expansion.

Business Lines of Credit: A business line of credit allows a business to borrow up to a specified limit, and the business only pays interest on the amount borrowed. It provides flexibility for managing cash flow and handling short-term financing needs.

SBA Loans: The U.S. Small Business Administration (SBA) offers various loan programs to support small businesses. These loans are often guaranteed by the SBA, which can make them more accessible to businesses that may not qualify for traditional loans.

Equipment Financing: This type of loan is specifically used to purchase equipment for the business. The equipment itself often serves as collateral for the loan.

Invoice Financing or Factoring: Businesses can use their outstanding invoices to secure financing. The lender advances a percentage of the invoice amount and collects from the business's customers when the invoices are due.

Merchant Cash Advances: This is a form of financing where a business receives a lump sum in exchange for a percentage of its daily credit card sales, plus a fee. Repayments are tied to daily credit card transactions.