The term debt loan is a single loan made to a company, which is paid back over a term longer than one year. Principal and interest payments are usually made monthly, and can be set up with either fixed or floating interest. Although the loan can be used for a variety of purposes, its function is to finance the growth of the business.

A non-bank funded term debt loan may be for a greater number of dollars than one from a bank.More structures are available from non-bank or non-traditional lender financing, including versions of subordinated or mezzanine debt for qualifying companies. Term loans are made to secure working capital to sustain a business need well into the immediate future. They are often fixed interest rates.There are many different types of business term loans available and it is important to compare them to fit your needs which is what our huge database allows you to do.

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