Let`s say you borrowed money from your grandmother when you were a teenager to buy your first car. She can lend you $2,000 without interest because she`s your grandmother. In this case, you only owe him the $2,000 you lent. Maybe in this scenario, you`d also want to add a few Sunday meals. Then you decide which type of business loan is best for you. The reasons for the need for the loan will strongly influence the loan that can help your business succeed.