A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years but may last as long as 30 years in some cases. A term loan usually involves an unfixed interest rate.
When you need funds to help grow your business, we can help, whether it’s for capital improvements or equipment, refinancing existing debt, or working capital. Term loans are flexible and can cover a wide range of borrowing needs.