Term loans are one of the most popular forms of financing for businesses, offering long-term capital for significant investments or expansion. These loans are typically repaid over a set period, with fixed or flexible interest rates. A term loan is ideal for businesses looking to make large purchases, such as property, machinery, or equipment, or to fund an expansion plan. In this blog, we will delve into how term loans work, the application process, and the factors lenders consider when approving a loan. Whether you’re a startup or an established company, understanding how to leverage a term loan can help you achieve your long-term business goals.