A Small Business Loan is a type of financing designed to help entrepreneurs and small businesses cover various expenses, such as working capital, purchasing equipment, expanding operations, or managing cash flow. These loans can be offered by traditional banks, credit unions, online lenders, or government-backed programs like the U.S. Small Business Administration (SBA). Small business loans typically come with fixed or variable interest rates, and repayment terms can range from a few months to several years. They may require collateral, a solid business plan, and proof of income, though terms vary depending on the lender and the borrower's creditworthiness.