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Small Business Term Loans
Whether you're updating your office or expanding your warehouse, a term loan is just what your small business needs. A term loan allows you to benefit now from your business' future cash flow increase.
Term loans are commonly used for:
Purchases of machinery, equipment, furniture, fixtures, and leasehold improvements
Business acquisitions
Additions to long-term, or core, working capital requirements
Expansion or modernization of facilities
Vehicles or other business transportation
Term loans are typically repaid by the enhanced cash flow from these assets. The maturity of a term loan depends on the productive life of the assets financed. For example, a term loan used to buy computers will be shorter in duration than a loan to purchase manufacturing equipment.
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