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Business Term Loans

Term loans are used to finance the acquisition or modernization of the companies productive assets. Term loans are commonly used for:

  • Purchases of machinery, equipment, furniture, fixtures, and to make leasehold improvements
  • Permanent additions to working capital
  • Expansion or modernization of facilities
  • Vehicles or other business transportation

The source of repayment is often generated by the enhanced cash flow from these assets. The loan period is determined by the productive life of the assets. For example, loans used to buy computers and office equipment will be shorter in duration than those used to purchase manufacturing equipment.

Commercial Real Estate

Telco offers very competitive financing for commercial real estate, including the purchase of existing buildings or refinancing current loans. These loans use the property as the required collateral, and often are used for:

  • Commercial properties, both owner- and non-owner occupied
  • Rental housing
  • Apartment complexes
  • Combination business/residential properties