Term Loans

A term loan is a loan for a specific amount that has a specified repayment schedule and a fixed or floating interest rate.

Among the countless financing options available for small business owners, a business term loan is one of the best. You can use business term loans at almost any stage of your business’s growth, whether you want to build up your customer base, expand operations, or explore new projects.

You can use a term loan to:

  • Open a second location

  • Expand or remodel your property

  • Hire more staff

  • Buy a new building or space

  • Purchase equipment, machinery, or software

  • Cover upfront project or inventory cost

  • Refinance debt

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Oaklyn, NJ 08107

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