A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but may last as long as 30 years in some cases. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid.
It is for equipment, real estate or working capital paid off between one and 25 years. The loan carries a fixed or variable interest rate, monthly or quarterly repayment schedule, and set maturity date. The loan requires collateral and a rigorous approval process to reduce the risk of repayment.
An intermediate-term loan runs less than three years, is paid in monthly installments from a company’s cash flow and may have balloon payments. Repayment is tied to the useful life of the asset financed. A long-term loan runs for three to 25 years, is collateralized by a company’s assets and requires monthly or quarterly payments from profits or cash flow. The loan limits other financial commitments the company may take on, including other debts, dividends or principals’ salaries, and can require an amount of profit to be set aside for loan repayment.
srinithiconsultancy.com is operations since 2008. srinithiconsultancy.com is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals
We’ve a network of professionals who can help you with your GST registration process and tax inquiries
We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.
Our Professionals Will help you in getting your business licenses and Business licenses necessary for smooth running of businesses
we will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights
We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN
An Indian citizen
Above 18 years of age
Employed, self-employed or businessman
Ability to repay loan amount
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