Bank and credit union financing
Learn how bank and credit union financing works, including costs, repayment, ownership and questions to investigate before making a funding decision.
How it works
A term loan provides a lump sum repaid over an agreed term. A credit line allows draws within a limit and has its own renewal and repayment rules.
Questions to investigate
What is the net cash and total repayment? Can the lender reduce or decline to renew the line? What collateral and guarantees are required?