Term Loan
A lump sum of funding repaid over a fixed period through regular, scheduled payments.
A term loan provides a business with a lump sum of capital upfront, which is then repaid over a set period (the “term”) through regular, typically fixed, payments. Term loans are one of the most straightforward funding structures – you know the amount, the length of the loan, and the payment schedule from the start.
Term loans are commonly used for one-time needs like expansion, major purchases, or consolidating other debt.
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