Term Loan

How Can Term Loan Work for you:

A term loan is a loan for one lump sum of capital. The borrower then repays the lump sum over a scheduled period of time along with interest. Interest rates on term loans can be fixed or variable depending on the loan agreement.

Business term loans are very common and are often the main type of loan that comes to mind when people think of the word “loan”. They come in many shapes and sizes, ranging in amounts from $1,000,000.00 to $50,000,000.00, and can vary in length from less than a year up to 25 years or more with a range of interest rates, depending on the loan. Term loans can be used for anything, but are often used for equipment financing, working capital, or real estate expenses.