Term Loan

A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but may last as long as 30 years in some cases. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid.

Submission Requirements:

 

  1. Application filled out and signed 

  2. 4 months of business banking statements 

  3. **Most recent business tax return

  4. **YTD P&L and Balance Sheet

  5. ** A/R & A/P Reports (if applicable)

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