Loan Portal

  What Is Loan? A  loan  is when money is given to another party in exchange for repayment of the  loan  principal amount plus interest.  Loan  terms are agreed to by each party before any money is advanced. A  loan  may be secured by collateral such as a mortgage or it may be unsecured such as a credit card. A term loan is a loan from a bank for a specific amount that has a specified repayment schedule and either a fixed or floating interest rate. A term loan is often appropriate for an established small business with sound financial statements. Also, a term loan may require a substantial down payment to reduce the payment amounts and the total cost of the loan. In finance, a  loan  is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The documen