Term loans provide businesses with a fixed sum of money upfront, commonly used for expansion, equipment purchases, or new projects. Unlike revolving credit lines, term loans have a set repayment schedule with regular installments over a period typically ranging from one to ten years. This predictable repayment structure enables businesses to effectively plan their finances. Term loans often offer competitive interest rates, making them an affordable financing option. With the financial flexibility and stability provided by a term loan, businesses can confidently pursue growth opportunities and achieve their long-term objective