These loans provide a lump sum that the business repays over a fixed period with regular payments, typically covering equipment purchase, expansion, or long-term investments. Small Business Administration (SBA) loans offer government-backed financing with flexible terms for startups and small businesses, reducing the risk for lenders and making it easier for businesses to qualify. Business Line of Credit: Similar to a credit card, a line of credit provides access to funds that a business can draw from as needed. Interest is charged only on the amount used. Specifically designed to finance the purchase of machinery or equipment, these loans use the equipment as collateral, allowing businesses to acquire necessary assets without tying up other funds.