Term loans offer businesses the cash they need to purchase other forms of moveable assets. Unlike asset financing, term loans are used to acquire moveable assets that cannot be identified by means of serial numbers, such as office furniture, fixtures and fittings.
Cash from a term loan may be used to:
Purchase fixed assets, such as equipment used in the production process
Assets acquired through a term loan can be used by sefa as security for the loan
The term loan repayment period is between 12 and 60 months.