1. A loan with a fixed repayment schedule and a specified maturity date, where the borrower receives a lump sum and repays it in installments over an agreed period
The company secured a term loan of $500,000 to finance its expansion over five years.
A empresa garantiu um empréstimo a prazo de $500.000 para financiar sua expansão ao longo de cinco anos.
2. A type of debt financing commonly used by businesses for capital investments, characterized by fixed interest rates and regular payment schedules
Banks typically offer term loans with lower interest rates than credit lines for established businesses.
Os bancos geralmente oferecem empréstimos a prazo com taxas de juros mais baixas do que linhas de crédito para empresas estabelecidas.