Common Small Business Loan Terms

Navigating the world of small business loans can be tricky. Not only are there several different types of business loans, but the interest rates, term lengths and loan amounts all differ. 

The good news is that there are some common terms that frequently appear across small business loans. Understanding these baseline terms can help you identify the best loans for your needs and have more productive conversations with lenders.

This¬†article¬†from Consumer Affairs features insights from OSDC’s Executive Director Katie Kramer about important considerations when choosing a small business loan.

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What are common small business loan terms?


December 13, 2023