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The long-term loan usually has a maturity of 3-10 years although long-term bank loans can stretch out as far as 20 years depending on its purpose.
If you apply for a business loan from a bank and have the assets to secure the loan, what is the typical Term Length of the loan the bank is willing to give you?For instance, the typical max term on a home loan is 30/years.f you apply for a business loan from a bank and have the assets to secure the loan, what is the typical Term Length of the loan the bank is willing to give you?