In other words, a term loan refers to a loan that has a specified repayment period and there are many types of small business term loans. (ondeck.com)
The application process for business lines of credit is similar to the application process for business term loans. (valuepenguin.com)
When you look for small business funding options, you will more likely to choose among a small business term loan, a line of credit, a merchant cash advance, etc.. (personalmoneyservice.com)