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  • Writer's pictureChristopher Yates

Why you need to know what a term loan/installment loan is and it's benefits for your business.

This type of loan is more traditional in nature. These loans can be for a start-up business or for short and long term borrowing. The payment is comprised of principal and interest and is not a merchant cash advance. This is typically a one-time lump sum of cash deposited into your personal or business bank account and comes with monthly payments. Merchant cash advances typically come with daily or weekly payments. Us Trust Business Loans and Alternative Capital Funding offers term loans and lines of credit from $30,000 to 1 million. Terms range from 2 to 3 years and credit scores can be below 600. Contact a relationship manager to see if you qualify.

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