A review of small-business loan options

Small-business owners can benefit from a variety of loans, depending on their needs, according to this CNBC review of nine options. For example, term loans offer flexibility in how they can be used, while Small Business Administration loans have lower interest rates and fees but typically take longer to be approved. Business lines of credit may not require collateral and borrowers only incur interest on the amount they use, while equipment loans can facilitate purchases that might otherwise be out of reach.