Installment Loan Basics

This lending solution may fit your borrowing needs.

The term of an installment loan will always correlate to itsuse. A business cycle loan may be written as a four-monthinstallment loan and would carry the lowest interest rate since therisk to the lender is from one to seven years (the typical lengthof a business cycle). In contrast, real estate and renovation loansmay be written up to 21 years.

Excerpted from Grow Your Business

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