Right for you if: You are planning to purchase major fixed assets A Term Loan can help when you are planning to purchase major fixed assets. Based on your short- or long-term business goals, you can choose either a fixed- or variable-rate loan. Key benefits of the Term Loan for business: Flexible payment options and terms that let you to match your loan to your cash flow Competitive fixed or variable interest rates Flexible repayment periods of up to 15 years Options to make partial or full pre-payments at any time