A term loan is just the ticket if you are looking to finance the acquisition, installation or modernization of operating equipment or other fixed assets. This financing tool, tailored for small and medium-sized businesses, offers flexible repayment terms; it can be adjusted to the duration of the financed asset or to the operating cycle of your business:

 

• Finance expansion projects or the acquisition of a commercial building for your operations
• Finance the acquisition of equipment, including company vehicles
• Refinance an existing debt

 

Characteristics
Amortization	Up to seven years, but not exceeding the useful life of the financed asset
Interest rates	Fixed rate or variable rate option, or a combination of both
Repayment terms	Usually in monthly payments, which may include principal and interest, separately or a combination of both
Term	1 to 5 years