Whether you need a long term or short term loan, River Valley wants to help you achieve your business goals in a way that works for you.
Business Loans: Long Term or Short Term?
Business term loans can be an effective solution to purchase business equipment, expand your facility or acquire assets. Our bankers will help you find the financing structure that fits your business' needs.
Working Capital Loans
Finance everyday operations for your company, improve cash flow, purchase inventory or even buy advertising.
Flexible repayment terms available.
May be unsecured or secured by business assets, real estate, deposit accounts, securities, or other collateral.
Business Installment Loans
Perfect for the business that needs to purchase long-term assets, expand operations or consolidate debt.
Term loans to finance the purchase of business equipment, furniture, machinery, and automobiles.
Fixed monthly payments allow for straightforward budgeting.
Term Loans, Defined:
Term loans come in different shapes and sizes and can vary in the amount of time you have to repay them. Terms can match a variety of business purposes such as equipment purchases, inventory purchases, and debt consolidation. They work well for larger purchases that may take a while to return value, such as buying a business or renovating your facility.
A traditional term loan is a lump sum loan paid back with regular repayments at a fixed interest rate over a set amount of time. Most term loans are used to finance a specific purchase or investment you’re making for your business.
When your business is looking to expand or make a large investment, a long-term business loan is a great choice. The benefits of long-term loans include more time to repay and lower monthly payments than you'll find with short-term business loans.
But if you’re looking for a type of funding that can provide ongoing and on-hand capital for regular operating expenses, a business line of credit can be a better option.