GROW YOUR BUSINESS
Unlike a small business line of credit, a business term loan provides a lump sum of financing for a specific business expense. You repay the loan in fixed monthly installments over a specific period of time. Commercial term loans are an easier alternative to government program loans that require more paperwork.
What can business term loans be used for?
Whether you need working capital to purchase equipment or grow your business, term loans are a great way to finance business expenses and also help build your business credit.
Funds from your business term loan can be transferred into your business checking account and used to finance one or more business expenses. The most common uses for business term loans include equipment purchases, renovations, inventory, payroll, and new hires.
Apply for a business term loan from Horicon Bank!
Founded on invention and built on community support, Horicon Bank continues to innovate the way we do banking. And our commitment to the community has only grown stronger. With better banking options for our customers’ lives and a strong tie to our community roots, Horicon Bank is your digital community bank! To start your business loan application, contact our team of business lenders or visit your nearest location in Appleton, Beaver Dam, Fond du Lac, Green Lake, Horicon, Iron Ridge, Markesan, Mayville, Neosho, Oshkosh, Randolph, Ripon, Waupun, or West Bend, WI.