Unlike overdrafts or lines of credit, business loans are designed to assist you with major investments in the future of your business including most capital purchases. There are many different types of business loans available in the market today, of which most will require the borrower to put up some form of security such as their business premises.
The most common distinction between loans is whether they are fixed or variable in nature. Terms will vary depending on the lender and the amount borrowed and can range from one year up to 30 years.
Contact us to learn more about your options including fixed rate, variable rate and split loans.