An amortizing term loan may be used for specific equipment purchases, refinancing existing debt, or other long-term capital requirements.
Terms:
Up to 7 years. Term depends on collateral and use of funds.
Interest Rate:
Adjustible; floating with Wall Street Journal's Prime Rate plus a margin. Rate to be determined, in part, based on overall risk factors of the applicant.
Fees:
Loan fees and other closing costs may be charged as applicable.
