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GLOSSARY

What is Term Loan?

DEFINITION

A term loan is a lump sum repaid in fixed instalments over a set period.

Term loans suit one-time investments such as expansions, renovations, and large purchases.

RELATED FUNDINGTerm Business LoanPredictable capital for planned growth

Guides that explain it further

GROWTH & STRATEGY

How to Finance a Second Business Location

How to estimate costs, choose financing, and reduce risk when opening a second location for your restaurant, clinic, store, or service business.

· 3 min read
CASH FLOW

How to Get Out of Merchant Cash Advance Debt

Practical options for businesses struggling with multiple merchant cash advances: consolidation, refinancing, renegotiation, and cash flow fixes.

· 3 min read