A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest.Acceptable collateral’s for securing the business loans are; motor vehicle log book,land titleA business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest.Acceptable collateral’s for securing the business loans are; motor vehicle log book,land title