Business Term Financing-How It Works!
Business Term Loans are standard debt financing having standard payments with a maturity and amortization schedule. Business Term Loans are typically collateralized using the assets (Real Estate, Raw Land, Equipment, Accounts Receivable or Cash Flow) of the borrowing business. The financing process takes between thirty to ninety days with banks or credit unions, yet fortunately non-bank lenders can move a business from the lending application to funding/financing within twenty-four hours.