A term loan is a fixed period loan, usually of one to 10 years, that is paid back by borrower in regular installments with interest. It is the commonest form of bussiness loan and may be secured or unsecured.
Any tern loan agreement signifies the conditions and actions required by the borrower and lender
The merits and demerits of term loan can be on company's point of view and lender's point of view
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