A term loan is probably the type of funding most people think of when they talk about loans. It is typically finance borrowed from a bank for a specific amount and which has to be repaid according to a specified repayment schedule.
Such loans can have either a fixed or floating interest rate. There is the option of taking a loan secured (against either your business or your own home) or unsecured, with the amount made available to you and the rate of interest varying accordingly.
The good news is that there is a vast array of loans available to businesses nowadays to help you achieve your goals with the help of additional funding.
For smaller amounts, there are a number of providers who can offer facilities, whereby funds are in your bank account within 24 hours so it can be an ideal solution for those times when you have to deal with unexpected circumstances.
Our experts can help you find the most advantageous term loan to meet your needs.
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