What You Need to Know About Term Loans

What You Need to Know About Term Loans

Sometimes your business needs a cash injection. Whether you’re going to take on investors or engage in a form of debt financing (i.e., a loan), it’s important to choose the right form of financing for your business generally and the situation you’re in specifically. One of the most common options for small businesses is a term loan, where a business owner borrows a certain amount of money, to be repaid over a fixed, predetermined time. The ADP blog team has broken down the essentials you need to know about term loans and how to determine whether they’re right for your business.

Read the full article at http://bit.ly/2iB61Wk

Need help managing your team?
Get 2 months free HR and payroll service from ADP. Get Started Now

TWO MONTHS FREETerm & Conditions

This blog does not provide legal, financial, accounting, or tax advice. This blog provides practical information on the subject matter. The content on this blog is “as is” and carries no warranties. ADP does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog.

©2017 ADP, LLC. All Rights Reserved. RUN Powered by ADP® is a registered trademark of ADP, LLC.

About the author

ADP

ADP is one of the world’s largest HR organizations. We are leaders in HR outsourcing, systems and solutions – in everything from basic payroll, benefits and record keeping to complex tools for recruiting, compensation, succession planning and data analytics. We focus on what we do best – be it systems, process or compliance – so you can concentrate on what your business does the best – because thriving businesses succeed with motivated and empowered people. We know your purpose isn’t simply better process – it’s building a business on a better workforce.

Leave a Comment

Comment (required)

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Name (required)
Email (required)