Bank Term Loans
•Bank term loans are the basic commercial loan.
Bankers normally divide them into two categories.
Immediate-term loans, and long-term loans. Normally
used for sound businesses in need of money for major
projects.
•The cost is generally inexpensive if the business
passes certain financial tests. The fees can vary and
can often see fees up to one percent of total loan.
• Normally used for sound businesses that have
substantial money up front, and the ability to pay back
a loan.
•The steps include: Character, Credit Analysis,
Collateral, Capitol, and Confidence. These are
necessary they are able to pay back the loan.