Medium-TERM LOANS

Medium-term loans are simple interest business loans typically with a low rate and flexible terms ranging from one to five years. They tend to have no prepayment penalties. No collateral is required for a medium-term loan, but a personal guarantee is requested. You have an opportunity to buy out a competitor. You may be looking to remodel or expand. A medium-term loan will enable you to get the capital you need in a reasonable time for your project, and take up to five years to repay, so that project can mature. Some business needs demand financing with a longer term. A medium-term loan offers low rates and flexible terms, and often does not require collateral, to account for those business needs.