Term Loan
Fixed term loans for 1 ,2, 5 and 10 years, sometimes longer.
Usually a fixed rate of interest but can be variable or a mix of fixed and variable.
Usually secured by real estate assets or mortgage debenture over the assets and undertakings of a business.
Term loans are fully drawn down for a specified sum.
Term loans can be interest only or principal and interest.
BizExchange understands that whether you are buying or selling a business, business financing is a likely consideration. We also know that finding the right person at the bank to deal with your issues is not always as easy as it should be.
This is why we have established relationships with a range of financial providers so that you can complete one form and have it received by the right person at each of the institutions you have nominated. Not only that, we know their lending criteria, so we will only present you with the banks that are prepared to consider your application.
