Term Loan Meaning
Description
How to fill out Credit And Term Loan Agreement?
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FAQ
When we discuss term loans, we often refer to three main types based on their duration: short-term loans, medium-term loans, and long-term loans. Short-term loans usually have a repayment period of less than one year, making them suitable for immediate financing needs. Medium-term loans typically span one to five years, offering a balance between quick funds and longer payment schedules. Long-term loans extend beyond five years and are ideal for significant investments like real estate or substantial equipment purchases.