In the most basic terms, debt financing is a loan. Beyond that, it’s any form of funding that requires your business to repay principal plus interest to an individual, lender, or financial institution. So, in addition to traditional business loans, that includes a wide variety of different loan products that businesses can choose from to access funding.
What these products have in common is that they all involve some sort of repayment terms, meaning that your business—and in many cases you, as the owner—is held liable for that repayment.