Short-term financing is a financial lifeline for some small businesses.

The Small Business Administration (SBA) works with lenders to provide loans to small businesses.

Whether you're a newly-launched business or an established one looking to expand, it's important to understand how to use your loans.

Personal loans for business purposes can be especially useful for newer businesses without established business histories.

A traditional term loan is a lump sum of cash you pay back with regular payments plus interest, over a fixed period of time. This type of lo