Term Loans provide a specific amount of credit to purchase assets or meet specific financing needs. The loan is paid based on a predetermined schedule or monthly principal and interest payments. This loan is great for financing machinery, equipment or company vehicle purchases.
Term Loan features:
- Loan Amounts up to $10 Million
- Fixed Monthly Payments
- Flexible Term Options Available
- Longer Payback for Major Purchases
- Local Decision Making
- Monthly Itemized Statements
- Monthly Auto-Deduct Option
Our term loans can cover your long-term financing needs, preserving your own funds. Let Spencer help determine the right term loan for you.