What are long term govt business loans?

Long term govt small business loans are loans set up for an extended period time, generally giving a lower interest rate due to the extra length of the note, which is what most people prefer versus higher interest rates for short term loans. They are typically used to finance the purchase of homes, land or small businesses. Long term loans can be either a fixed or adjustable rate loan, depending on the preferences of both the borrower and the lender. What you should be aware of is that paying off a long term loan early can often cause you to be penalised, because the lender has planned on the interest payments that you have agreed to. For further information on long term small business loans, ring us up at 020 3880 8554 or complete and submit the provided form found at our web site.

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