What are the repayment terms for a business loan?

Repayment terms for business loans can range depending on the type of facility, and also the business requirement. As a result, repayments can range from weekly payments and monthly repayments to a prepaid interest facility for a set term. As a result, pre-paid interest is paid at the start of the loan and therefore have no ongoing repayments.

Prepaid interest facilities are facilities where they are generally paid back using the sale of property or other form of asset. However, they are also commonly used where a business has limited current income to support a traditional loan and needs time to establish income to meet payments.