what are the types of term loans 
term loans come in several varieties usually reflecting the lifespan of the loan a short term loan usually offered to firms that don t qualify for a line of credit generally runs less than a year though it can also refer to a loan of up to 18 months or so 2 an intermediate term loan generally runs more than one to three years and is paid in monthly installments from a company s cash flow a long term loan runs for three to 25 years uses company assets as collateral and requires monthly or quarterly payments from profits or cash flow 