Today’s global market is extremely competitive, so foreign buyers are always looking for the most flexible terms. Being able to offer better options increases your chance of closing the sale. You can increase your flexibility with medium-term financing options from Drake Finance.
What is Medium-Term Financing?
Medium-term financing is exactly as it sounds. It’s a financial arrangement that lasts longer than many small signature loans, but doesn’t last as long as something like a mortgage. Most medium-term loans are paid within four or five years.
Check out our quick video on our equipment financing program here:
How Do I Know if Medium-Term Equipment Financing is Right for Me?
In order to decide if this kind of financing is right for you, you need to weigh the pros and cons with your business’ individual needs in mind. There are many benefits that come along with Medium-Term Financing, including:
- Set fees. You always know how much you need to budget for your loan payment, which can make it easier to manage your finances.
- Fixed rates. It’s important to calculate interest cost with any loan. Set rates make it easier to keep track through the duration of the loan.
- Credit feedback. Consistent payments are great for your credit score. Getting approved for and paying off medium-term loans will help you get more financing in the future.
- Flexible money. Medium-term loans are fantastic for a variety of business needs, whether you’re looking to order supplies or upgrade equipment.
Have More Questions? Drake Finance Is Happy To Answer Them
Would you like to know more about medium-term loans or receive assistance in deciding if this option fits your situation? Call our experts at (305) 854-0101, and we’ll be more than happy to answer your questions and brighten your financial future.