Term loans finance an immediate need and are typically repaid in 5-7 years from operating cash flow. Term loans are most frequently used to fund equipment purchases, growth capital, restructuring debt (e.g. paying down a Line of Credit) and acquisitions. Creative loan structuring is one of The Business Development Company’s key strengths. For example, we have the flexibility to provide borrowers the option of an initial interest-only period in cases where the business needs time to build momentum before beginning repayment. Also, we can provide tiered loans whereby funding is staged in such a way that the immediate need is supported and additional funds are available in the future provided established targets are met. We offer term loans to businesses in Rhode Island, nearby Connecticut and Massachusetts.