Term Loan

A term loan is a loan that has a fixed repayment schedule and a defined maturity date, often used by businesses to finance capital expenditures or expansions. These loans are usually medium to long-term and carry either a fixed or variable interest rate. Term loans provide businesses with predictable cash flows for debt repayment, making them a common choice for financing growth while maintaining budgetary control over repayments.

• Loan with a fixed repayment schedule and maturity date.
• Commonly used for business capital expenditures.
• Provides predictable cash flow management.
• Can have fixed or variable interest rates.