Every business has to make some short-term capital investment and some long-term capital investment. Long-term capital investment requires the huge amount, and it will pay off to the business over the long run and not immediately. Same principal has to keep in mind while raising the capital for the long-term. Term loan suits such requirements. The time horizon for the repayment of the term loan varies from 5 years to 15 years, and this is the time when your invested amount also start giving you the return. So it will be easy for you to repay the financial institute easily.
The requirement of the documents varies from lender to lender and from case to case. However, in all the scenarios there are the standard set of the documents. Those are as follows.
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