Business Term Loans

Business Term Loans (typically 3-5 years). Term loans are the standard commercial loan, often used to pay for a major investment in the business or an acquisition. The loans often have fixed interest rates, with monthly or quarterly repayment schedules and a set maturity date. Business

Term Loans: can be classifiedinto two categories: Intermediate:Usually run less than three years, and are generally repaid in monthly installments from a business's cash flow.

Long-term: Can run for as long as 10 or 20 years and include additional requirements such as collateral and limits on the amount of additional financial commitments the business may take on.