Term loans are what you usually think of when picturing a typical “loan.” You receive a set amount of funds with a fixed interest rate from a lender, which you pay back over a set amount of time.
Term loans are what you usually think of when picturing a typical “loan.”
You receive a set amount of funds with a fixed interest rate from a lender, which you pay back over a set amount of time. Depending on the length of the repayment period, term loans are often categorized as short- or long-term.
NOTE: Borrower MUST have previously funded a RBF with Momentum Capital.