Business Term Loan
A business term loan is the monetary loan that is repaid in regular payments at a fixed interest rate over a set period of time.
The “term” in “term loan” comes from its set repayment term length, which will typically be 3 to 20 years and payable in equated monthly installments.
Most business owners use the proceeds of term loans to finance needs such as purchasing office equipment, machinery, land & building, boosting working capital, securing new business opportunities, expansion,
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