A generic term used to describe a type of loan where 100% of the loan proceeds are to be used for business or commercial purposes. Business loans can be used for many purposes including start-up financing, expansion or to buy an existing business. These loans are usually secured through a combination of business and personal assets, but can also be unsecured depending on the loan amount and business credit. The repayment terms are usually 1-5 years or more based on the businesses cash flow and profitability. BFC’s usually make 1-5 points when arranging this type of transaction.