Equipment and planned purchases
Bring a planned purchase forward with funds for equipment or another defined business expense. A term loan supplies an initial lump sum rather than ongoing access to a credit limit.
Long-term business loans
Make room for the next stage of your business.
Equipment to take on more work. An expansion you have been planning. Explore lump-sum funding for a defined business investment, with repayment spread across an agreed term.
Scheduled repayment
Build scheduled loan payments into the business budget. Payment frequency, fees and a fixed or variable interest rate determine the obligation over time.
A term suited to the expense
A longer term spreads payments further, but can increase the total cost of borrowing.
Frequently asked questions
Is a longer term cheaper?
Not necessarily. It may lower periodic payments while increasing total interest or other costs.
Are interest rates fixed or variable?
Both structures exist. A fixed rate stays constant for its stated period; a variable rate can change with the basis set in the loan terms.
Can the loan be repaid early?
Some loans charge for early repayment; others allow it without penalty. Savings depend on how interest and fees are calculated.
What affects eligibility?
Revenue, cash flow, credit history, time in business and existing obligations influence eligibility. Some loans require collateral or personal guarantees.