To a person who's still getting familiar with the commercial world, the concept of a business loan might seem a little foreign. After all, companies of all sizes, from huge corporations to local small businesses, use financing strategies that are quite different from the average consumer's. Fortunately, simple commercial loans are a rare exception to this rule. In fact, they work much like consumer loans, with similar terms and types.A business loan starts much like a personal loan would. Typically, a business needs cash to continue or improve some aspect of their operations. Though their assets might be worth much more than what an individual has, these aren't liquid enough to convert to cash in a practical way. Therefore, they might find it optimal to seek a loan to finance what is neede