Term loans are for long term investments in your business. Expansion, Real Estate, Equipment or refinancing debt. A company typically goes this direction when they do not want to put up any kind of collateral as well. You can have predictable payments for set amount of time. Up to 10 years if needed.
The downside to term loans is that the underwriting is more strict and there may be a penalty if you pay the loan off early. As with anything in life, terms of the loans may be negotiated. The keyword is MAY. Its not guaranteed. We won’t know what we can do until we talk things over and look at your loan scenario. Best thing to do is to give us a call or simply APPLY NOW