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Fixed Rate Term Loan

This kind of loan offers security against fluctuating interest rates and other rising costs. Generally, it’s used for longer term loans to establish new businesses or buy out existing ones. You can also use this kind of loan to buy equipment and machinery, or to refinance existing debt. A fixed-rate term loan works well with longer amortization periods that will keep your monthly payments lower.

For more information on fixed-rate term loans contact an OMJ Commercial Mortgage Specialist. To read more about fixed-rate term loans and the kinds of mortgages that might apply to your business venture, check out our blog.

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