A term loan is a monetary loan that is repaid in regular payments over a set period. Term loans usually last between one and ten years but may extend longer in some cases.
A term loan usually involves an unfixed interest rate that will add additional balance to be repaid. Excellent Credit and financials are required. Term loans can be long-term facilities with fixed payments, while short and intermediate-term loans might require balloon payments.
A term loan is a loan issued by a bank or Tier 1 lender for a fixed amount and fixed repayment schedule with either a fixed or floating interest rate. Typically, 1, 2, 3, and 4-year fully amortizing loans which are paid back monthly. Annual interest rates starting at 6.99%.
We specialize in seeing the long-term vision of small business owners when banks are to short sighted to understand the needs of a business and opportunities for growth. We get you approved when your bank won’t understand your dreams!
Questions? Contact 770-866-8568 or info@businessprosinc.com
Welcome and Congratulations! You have just taken the first step toward a better financial future. Simply fill out the questions below, then hit SUBMIT and one of our representatives will contact you. But you don’t have to wait for us! Call (770) 866-8568 for priority service. We'll ask you a few questions and basic information to start our process.