![Accounting Basics for Small Business Owners [By a CPA]](https://i0.wp.com/i.ytimg.com/vi/3KeG7hHzUy4/maxresdefault.jpg?fit=150%2C150&ssl=1 "Accounting Basics for Small Business Owners [By a CPA]")
A loan is a type of debt, which is usually repaid in installments over a period of time. The borrower agrees to repay the lender, with interest. Loans are typically classified into two broad categories: secured and unsecured loans. A secured loan is backed by some form of collateral that can be seized if the […]
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