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Terms Loans for business
Right for you if:
You want to borrow between $30,000 and $1,500,000 to grow your business
- Overview
- Fixed-rate loans
- Variable-rate loans
A term loan can help when you are planning to purchase major fixed assets.
Based on your short or long-term business goals, you have the option of choosing either a fixed or variable rate loan.
Key benefits for you include:
Loans from $30,000 to $1,500,000
Flexible payment options and terms that let you to match your loan to your cash flow
Competitive fixed or variable interest rates
Flexible repayment periods of up to 15 years
Options to make partial or full pre-payments at any time without penalty
A fixed-rate loan offers you the peace of mind of consistent payments, regardless of fluctuations in base interest rates
Lock in at a specific fixed rate for lower borrowing costs when you make regular payments
Maintain your budgeted costs even when base interest rates rise
Make blended payments that can go towards principal and interest. Payments towards a fixed rate loan must be consistent - you cannot make full or partial payments without a penalty
A variable-rate loan provides you the opportunity to save on interest costs immediately when the base interest rate decreases
Save money when interest rates get lower
Make partial or full principal pre-payments at any time without penalty