One of the best things about a term loan is that it can be used for a variety of funding needs.
A term loan can be a great opportunity for business owners. It’s a good way to get a large sum of funding that can be repaid over many years. The interest rates tend to be more favorable than those for short-term loans. They also usually come with a fixed or flat interest rate, so you’ll know what you’re expected to pay each month. This makes it easier for you to also estimate your payments, like with our loan calculator.