How Term Loan is beneficial for MSMEs and Businesses
A term loan is a fixed amount of money borrowed for a specific period, repaid in regular installments, often used for business expansion or large purchases. A business loan is a financial product designed to meet the needs of businesses seeking to fund various activities such as expansion, inventory purchase, and day-to-day operations. Unlike personal loans, business loans are tailored to address the unique requirements of businesses and often come with flexible terms and conditions.