cash loan

Payday Loans

When is a term loan used and how is cash flow evaluated?

A term loan is used when a business borrows money for a period exceeding one year. Term loans, in general, are considered long term financing. Examples of long term borrowing needs include equipment purchases, change in ownership and new business acquisition.

Financial institutions and other funding sources evaluate a company's cash flow for long-term borrowing needs. The company's cash flow is evaluated to structure a term loan. It is important to structure the term loan so that debt repayment matches the business' cash flow. The approval and amount of the loan depends on the adequacy of the firm's:

(a) Historical cash flow,
(b) Projected cash flow, and
(c) Adequate debt coverage.

A lender’s primary focus is to evaluate if the business generates sufficient cash flow to repay its debt.

About

Payday Loans offers short term cash advances to help you make ends meet when those situations arise and you find yourself a little short on cash. Our service is courteous and hassle free.

We are not a bank. We are not here to judge and penalize you. We do not perform a standard credit check however, we do utilize various verification type services to help our staff process your application quickly.

Your business is very important to us and we make sure that you are treated both fairly and with respect. We understand that there are certain times that require a little financial help. A cash loan instrument allows you to take care of those matters with dignity and confidentiality. We want you to feel that you are important to us and if at anytime you feel otherwise, please let us know.

 

Important

Our company is registered with the Utah Department of Financial Institutions. Specific rules and laws may differ from state to state. The service we provide may or may not be available in your state. The service provided by this website is not a solicitation for a loan application.

Our services are not offered for those residents in the following states: Arkansas, Colorado, Georgia, Illinois, Kansas, Massachusetts, New Hampshire, North Carolina, Pennsylvania, Washington, West Virginia.

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