Top 5 Reasons to Get a Term Loan

Top 5 Reasons to Get a Term Loan
Top 5 Reasons to Get a Term Loan

Did you know that a term loan can help your business advance to the next step in as little as a few months? You can inject the extra cash flow into additional business venues, resupply your stock, hire new personnel, and improve your business on several levels. Globelend Capital offers the best term loan conditions for small and medium-sized businesses, ranging from $25,000 to $500,000. Please read below for the five reasons to get a term loan with us!

1. Increase Your Cash Flow

Cash flow is arguably one of the most important criteria for a business’s success and performance. With a positive cash flow, you can pay off financial obligations, plan for the future, and make timely investments at opportune times. But cash flow can go into the negative if your business is going through a bad financial period. Our term loan allows you peace of mind even in a difficult fiscal year.

You have fixed monthly payments, terms lasting from 6 months to 5 years, no prepayment penalties, and a lot of flexibility. Globelend Capital has devised its term loan with business needs in mind, so you can get the most out of it whenever the need arises.

2. Expand Your Business

There’s no limit to what you can do to expand your business. You can grow your business, purchase new venues, franchise to other locations, or develop new products and services with additional cash flow. And Globelend Capital’s term loan can help you do that in the easiest way possible.

The online application only takes 6 minutes, and our specialists will decide in under 24 hours. We will then deposit your funds on the next business day, and you’ll have access to it immediately.

3. Repair or buy new equipment.

Depending on your business, the tools and equipment used could break down or be too inefficient for the current needs. You’ll need to repair or buy new equipment at that point, and it all rests upon your cash flow. Equipment spending won’t be an issue with a positive cash flow, but what if your cash flow is negative?

This is where the term loan comes into play. Globelend Capital ensures you have money when you need it, regardless of your financial needs. The contract terms are more than flexible and allow you to use the extra cash flow immediately.

4. Employ additional staff.

What if your business needs additional staff members due to increased customer demand? Get a term loan if your current cash flow doesn’t allow you to hire new staff! You’ll need immediate access to money to pay the new employees until you start making a profit to cover these expenses.

With a term loan, you can withdraw between $25,000 and $500,000 with the repayment terms in 6 months up to 5 years. The repayments are fixed, and you won’t need to worry about not meeting them. This will allow you to hire new workers and expand your business quicker.

5. Pay a One-Time Cost

Despite your best efforts, you are unable to meet the payment deadline for a business expense due to insufficient cash flow. Guess what? The term loan can get you out of this predicament immediately. Apply for one with Globelend Capital, and you’ll have the money in your account in a few business days.

There are no unjustified delays, no hidden fees, everything is transparent, and you always know when the next repayment is due. Our rates range from 4.99% per year, and you can borrow between $25,000 and $500,000.

Call us at (855) 842-5626 or use our application form to get more information about term loan offers!

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