Term Loans can be utilized in a multitude of ways. These loans give the borrower flexibility to allocate funds to different areas within your business or personal needs. These are great options for business start up loans or personal loans . A Traditional small business loan or personal loan is a lump sum of capital that you pay back with regular repayments at fixed interest rate. The “term” in “term loan” refers to the set repayment length, which will typically be one to six years long.
Common use of these loans include: Marketing, Payroll Inventory, Large purchase , Pay off high interest debt and ect...
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