Long-term business loans usually come with higher loan amounts and longer-term lengths than traditional short-term business loans. For Wells Fargo BusinessLoan Term loan or FastFlex Small Business Loans, call: 1-866-582-0039 For Equipment Express Loan call: 1-800-416-0056 For Advancing Term Loan call: 1-844-807-5060 A short-term business loan would not be appropriate in this case. If a business needs to buy capital equipment, buildings, other businesses, or undertake construction projects, a long-term loan is the way to go. In most cases, you make fixed payments every month for a set term. Please speak with a Scotiabank Small Business Advisor for details. Use term loans for business expansion, cash flow financing capital expenditure and purchase of fixed assets. Fast Funding. Upon securing a term loan, a business receives a set amount of money that is borrowed and that must be paid back over the predetermined amount of time at a set level of interest. 1 May 2020. A business can go into a large or small loan and often time the borrower will get different terms. In addition, we offer payment options that are daily, weekly or monthly - whatever works best for you! Ways to bank Ways to bank. Speak to an Advisor . FastFlex Small Business Loan. Based on your short- or long-term business goals, you can choose either a fixed- or variable-rate loan. How to apply for a long-term loan You can shop for small business loans by visiting nearby banks, contacting your local SBA office, reaching out to your city’s chamber of commerce or searching online. Business loan term lengths vary depending on loan type, amount and lender. Discount rate offers are not available to self-managed super funds, or on refinance of, or an increase to, existing BOQ facilities. Here are the best options for established businesses. Schedule repayments to match your cash flow. Enter the amount you wish to borrow here. Nik L, Essel Environmental. Loans up to $250,000. Typically, the payments will consist of a fixed monthly principal amount, plus all interest that was … Low rates and payment plans ranging from 12 to 36 months give your business the added flexibility needed to grow. Loan amounts from $10,000 to $100,000. Easy Payments. Competitive fixed or variable interest rates . What it is: Term loans are the standard commercial loan, often used to pay for a major investment in the business or an acquisition. See everything you need to know about business term loans here. The variable discount is for the life of the loan as long as the loan is retained under a variable Business Term Loan product. You've got a business to run. Competitive Rates. Loan amounts start at $25K and go up to $250K to offer the freedom you need to meet your goals. Your rate will depend on your business’s overall creditworthiness and financial health. In some cases, term lengths can be as long as 25 years and can represent a substantial investment in the growth of a business. Access to cash for purchasing fixed assets with a competitive rate 1. Write to BBWC-ProductGroup@in-hdfcbank.com for information on term loans. Business Term Loans Whether you need new equipment or more inventory, a business loan can help. A term loan is a great way to finance a new venture or an expansion. offers business term loans with simple, fixed rates. Quick Answers. Business term loans will provide you the money needed to invest in big purchases, while giving you consistent, regularly scheduled payments, at a lower interest rates compared to most other loans. Business term loans that use collateral to secure funds often have longer terms and lower rates associated with the loan agreement because the collateral offers security for the business term lender. Fixed rates start at 7.00%. Approvals as fast as 5 minutes. A Term Loan can help when you are planning to purchase major fixed assets. Short Term Business Loan Rates. Term Loans Customized to Your Business. Defaulting on a term loan could be devastating for a business — you could badly damage your credit and lose your business and, in some cases, personal assets. Custom Terms & Loans. Grow your Business with a BlueVine Term Loan. Term loans usually last between one and ten years, but may last as long as 30 years in some cases. Contact Us. This provides certainty and stability for your repayments. Actual loan terms, loan to value requirements, and documentation requirements are subject to product criteria and credit approval. Get the funds upfront to invest in projects that help grow your business. Long-term business loans can be used to purchase equipment, sustainably scale business growth, and invest in the future of your business. 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