The purpose of the term loan is to finance the purchase of tangible and intangible assets based on an amortization period aligned with the useful life of the asset. Disbursements are made according to the progress of work (for certain projects) and repayments can be adjusted according to the realities of your projects and business. 

A term loan: 

• Allows payments to be spread over several years, leaving you with more cash flow 
  
• Offers predetermined payment terms and conditions 
  
• Improves capital budget management 
  
• Maximizes your business's balance sheet structure 
  

To find out if a term loan is right for your business, visit the long-term financing solutions page.