What You Need to Know About Term Loans

August 29, 2017 // ADP®

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.

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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.

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.