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Business eServices


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Term Loans
Establish Your
Organization
Finance Your
Business
Tax and
Licenses
Grow and
Maintain

Generally, you'd use a term loan to finance the purchase of a business asset, equipment, real estate, or other tangible assets that can be used for collateral. The rates and maturity dates differ depending on the need. Some banks require SBA loans in order to minimize risk.

Who Should Apply:

  • Businesses seeking funds to purchase a tangible asset
Compare:
Advantages
  • Payment schedule is stable.
  • Interest rate may be attractive.
Disadvantages
  • Smaller loans carry higher interest rates.
  • Credit requirements can be tough.

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