Business Studies, asked by rajnikantdubey2522, 6 months ago

_____ terms loans are for a period of 1 year To 5 years

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Answered by mahesdeva502

1

Answer:

What Is a Term Loan?

A term loan is a loan from a bank for a specific amount that has a specified repayment schedule and either a fixed or floating interest rate. A term loan is often appropriate for an established small business with sound financial statements. Also, a term loan may require a substantial down payment to reduce the payment amounts and the total cost of the loan.

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