Term loans are the most common form of business loan. You borrow a fixed amount of money and pay the loan back over a fixed term, often with a fixed interest rate. Organizations:

• Washington State Department of Commerce - Helps entrepreneurs obtains financing for start-up and expansion projects.
• Small Business Administration - The U.S. Small Business Administration delivers loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses.

Resources:

• SBA Loan Requirements: How to Qualify for Financing
• 25 Small Business Loan Terms You Need to Know