Fixed-Rate Term Loans
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Secure, Fixed Interest for the Life of the Loan

Borrow what you need with a predictable monthly payment. Fixed-rate loans offer an unchanging interest rate for the life of the loan, making it easy to budget with the same, predictable payments over the entire term.

  • Simplify budgeting with predictable payments
  • Lock in interest rates with fixed interest over the life of the loan
  • Stabilize your business finances

Fixed-Rate Term Loan Features

Loan range

Loans start from $1,000,000.

Terms

Three to 10 years.

Collateral

A term loan is typically secured by collateral, such as a first lien on equipment, real estate or securities-based financing.

Interest rate

Fixed interest rate for the life of the loan.

Fee

Both fee and no-fee term loans are available.

Frequently Asked Questions About Fixed-Rate Term Loans

What is a term loan?

A term loan is financing for a specific number of years, known as the loan’s term. This type of loan can be either a fixed-rate, meaning the interest rate remains stable over the life of the loan, or adjustable-rate, meaning the interest rate fluctuates as rates shift.

How much can be borrowed with a term loan?

Loan amounts start at $1,000,000.

How can a term loan be used?

Term loans are generally used by companies that require funds for extended periods to:

  • Finance real estate
  • Purchase equipment
  • Finance acquisitions

What is the benefit of a fixed-rate term loan?

Because its interest rate remains consistent over the life of the loan, a fixed-rate term loan offers a fixed payment. This may make it easier to budget.

What is the benefit of an adjustable-rate term loan?

Businesses that want to take advantage of lower short-term interest rates might want to consider an adjustable-rate term loan, whose interest rate shifts periodically as rates shift.

Related Products & Services

For your business financial needs:

For your personal financial needs:

For more information call 1.866.4ML-BUSINESS (465-2874).

Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer, not a bank, and the WCMA account is not a bank account. Banking services are provided by licensed banks or by third parties through arrangements with licensed banks. Unless otherwise indicated, investment products are not FDIC-insured, not guaranteed by a bank and may lose value.

Working Capital Management Account, Loan Management Account, WCMA and LMA are registered trademarks of Merrill Lynch & Co., Inc.

The WCMA® account is a product of Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Should the value of securities pledged as collateral decrease below a certain level (as specified within the loan document), the deposit of additional assets and/or liquidation of assets may be required. Securities-based loans cannot be used for investment purposes. A complete description of the loan terms can be found in the Loan Agreements. When considering Merrill Lynch financing, take into account your individual requirements, portfolio makeup and risk tolerance, as well as capital gains taxes, portfolio performance expectations and investment time horizon.