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:
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Application filled out and signed
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4 months of business banking statements
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**Most recent business tax return
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**YTD P&L and Balance Sheet
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** A/R & A/P Reports (if applicable)