What is a Term Loan?
A term loan has a set maturity date and usually has a fixed interest rate.
How Does a Term Loan Work?
Let's say Company XYZ wants to borrow $1 million to build a factory. It meets with its bank, ABC Bank, to negotiate the loan with quarterly payments and a 7% interest rate.. The company and the bank agree to a 10-year
Why Does a Term Loan Matter?
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