Term Loan
A term loan provides funding for small businesses in a single lump sum. Maximum loan amounts typically exceed those offered by a line of credit or cash advance. Borrowers repay a term loan through a regular schedule of monthly payments. Some term loans, called secured loans, require collateral. Unsecured term loans do not. Latin Financial does not require that loans be secured by specific collateral, relying instead on a general lien on the assets of the business.
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