Getting funding for your business can be a daunting step to take, but can also be the boost you need to open up more doors for growth. And one of the best ways to secure funding is to get a commercial loan. As someone who's completely new to commercial lending, however, you're less likely to consider it if you don't know how they work.

So in this guide, we'll briefly cover the basics of business loans to help you determine if it's right for you.

Why are commercial loans so popular?

To let your entrepreneurial spirit soar to great heights, sometimes you just need a whole lot of cash to make things happen. You might be thinking of hiring more people, moving into a bigger property, opening up a new branch, and so on. Your plans may indeed be great, and the promise of returns very lucrative, but your current finances can limit what you're able to do. This is where commercial lending solutions enter the picture.