Generally used for financing on something big for your business plans.
Money is borrowed for a specific purpose, the deal is signed with set conditions and with a fixed rate.
A government-backed loan offers much credibility, and is backed by the government if defaulted.
The resources you need to update your operations or add verticals to your business.
Have the capital you need right away to get through a slow season. A good buffer of security.
Repaid with a portion of your daily credit card transactions or a fixed amount from your bank account.
