One of the most widely used PHP Framework is Laravel, and choosing it for your business website development indeed serves you great benefits. Laravel produces better programming results as compared to other programming tools and so it is highly preferred by the developers.

Laravel provides some special features like fast extension ability, scalability,  quick installation, and development speed. Business benefits of Laravel Framework:

1. Fast development time
2. Low server overhead
3. Easy to learn
4. The large and active developer community
5. Security

Benefits of Laravel Application Development;

Template engine:

Laravel framework has in-built lightweight templates with which one can create amazing layouts with dynamic content.

Artisan: 

Laravel provides the built-in tool for command-line called Artisan.

Eloquent ORM (object-relational mapping):

An ORM is relatively faster than all other PHP frameworks. Laravel gives the Eloquent ORM which involves a simple PHP ActiveRecord implementation.

Libraries:

It has a lot of Object Oriented libraries and several pre-installed libraries. Libraries have many advanced features such as CSRF (Cross-site Request Forgery) protection, encryption, checking active users, password reset, and Bcrypt hashing.

Modular:

Laravel framework is built different libraries with adopts modern PHP principles and built libraries of divided into individual modules.

MVC Architecture Support:

Laravel follows the MVC pattern and helps in improving the performance.

Migration system for databases: 

Migration helps to expand the database structure of the application. Laravel Migration using PHP code instead of SQL.

Unit-Testing:

Many Laravel programmers facilitate Unit testing. Unit Tests are conducted by developers and test the unit of code.

Security:  

Laravel is one of the most secure frameworks. Laravel's authentication provides AES-256 encryption to passwords by a 32-bit key generated during the installation of Laravel.