Term Loans

A term loan involves a lump sum of capital borrowed upfront and repaid in regular payments over time.  

Features:

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• Amount borrowed is repaid in regular installment payments multiplied by a fixed or variable rate of interest

• Terms range from 12-24 months

• No prepayment penalty

• Fully amortizing

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Ideal for:

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• ​FICO scores 700+

• Owners able to provide personal guarantee of replayment and performance

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