Long Term Loans
A traditional business long term loan is a lump sum of capital that you pay back with regular repayments at a fixed interest rate. The “term” in “term loan” comes from its set repayment term length, which will typically be one to five years long. Most business owners use the proceeds of long term loans to finance a specific, one-off investment for their small business.
Loan Term From 36 to 60 Months
At Green Sea Funding your advance is repaid based on your company’s monthly revenue. If you needed a longer term, 24 months maybe an option as well.
Establish Stronger Long-Term Credit Strength
Consistently repaying a term loan can strengthen your business credit profile and improve your ability to secure larger funding opportunities in the future.
