Description: Business loans are financial products designed to support various business needs, such as starting a business, expanding operations, or purchasing equipment.
- Benefits:
- Provides essential funding to grow or run a business.
- Variety of loan options to suit different business needs.
- Eligibility:
- Varies depending on lender and loan program.
- Strong business plan is often required.
- Financial statements and business history are important factors.
- Personal credit score of the business owner(s) may be considered.
- Types of Business Loans in Zambia (may vary by lender):
- Small business loans
- Working capital loans
- Equipment financing loans
- Invoice