Business loan is a financial offering specifically used for business purposes. Business loans offered by Banks and NBFCs can be availed by business owners, self-employed professionals, MSMEs, and other business entities. The loan amount is mainly used for business expansion purposes, to meet working capital requirements, enhance cash flow, buy equipment/machinery, stock inventory, pay rent, hire/train staff, etc. Financial institutions offer both secured and unsecured business loans, such as Working Capital loans, Term loans, Overdraft, Cash Credit, POS Loans, letters of Credit, Bill Discounting, Equipment Finance, Loans under Govt. Schemes and Bank Guarantee. Business loans are offered by Private and Public Sector Banks, NBFCs, Small Finance Banks (SFBs), Micro Finance Institutions (MFIs), Regional Rural Banks (RRBs), etc. There is no minimum limit to borrow and the maximum loan amount offered under the unsecured loan category is Rs. 75 lakh with a repayment tenure of up to 5 years. The loan amount and repayment tenure may exceed the business requirements. The interest rate offered by Banks/NBFCs shall depend upon the applicants creditworthiness, financial stability, credit history, repayment capability, business tenure, and various other factors.