What Is Term Loan

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Posted on October 30, 2018 at 20:03 PM

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Term loan - Wikipedia
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 that will add additional balance to be repaid.
What is a Term Loan and Where to Find Options - NerdWallet
A term loan is likely your best option, giving you the cash to grow your business. Term loans for businesses are offered by traditional banks, credit unions and online lenders.
What Is a Term Loan (and How It Can Unlock Growth for Your ...
A term loan is a lump sum (the “loan amount”) borrowed from a lender and paid off at fixed intervals (weekly, bi-weekly, monthly) over a set period of time (or “term”). Simple enough, right? If you want to dig deeper on what a term loan is (and isn’t), watch the following video.

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