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Short Term Loan
Short term loan means money that is lent for a short time, usually than one year. A loan scheduled to be repaid in less than one year. If you have established a good banking relationship with a banker, he or she might be willing to provide a short term note for one order or for a seasonal inventory and accounts receivable build up.
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Related topics : bank loan short term
Auto Loan
Most of the people today a loan when they buy a new or used car and the high cost of many vehicles often means that consumers spend years paying off the auto loan. Auto loan means a personal loan to purchase an automobile. So, an auto loan is basically a loan that you take out in order to purchase a vehicle. With an auto loan, you are not paying on the depreciation of the vehicle like you do with a lease. You are paying on the vehicle purchase price plus interest.
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Related topics : car loan auto
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