A term loan can help with a large, one-time purchase, like a business vehicle or equipment. Business term loans can be used for a new purchase or to refinance an existing loan. This option allows you to buy what you need to keep your business running without using too much of your cash-on-hand or a big part of your business line of credit.
With fixed and floating rate options, we’ll help you find the best financing option for your budget and your timeline. Flexible borrowing limits and repayment plans are available.
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