What are the terms on a business loan?

The terms on a business loan, sometimes known as a business loan agreement, are the conditions on which the loan is made available. These will include, amongst other things, the interest rate and any fees, the repayment arrangements and the security. There will also be a lot of small print covering the procedures and your rights in the event of default so it's important that you read them closely and get legal advice if you need it before signing into anything.

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