Term Loans provide a specific amount of credit to purchase assets or meet specific financing need.The loan is paid based on a predetermined schedule or monthly principal and interest payments. Loans can be unsecured, or secured by collateral. Interest rates are generally fixed for the life of the loan.
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All loans and lines of credit subject to credit approval and require automatic payment deduction from a PNC Bank business checking account. Origination and annual fees may apply.
Banking and lending products and services and bank deposit products are provided by PNC Bank, National Association (N.A.), a wholly-owned subsidiary of The PNC Financial Services Group, Inc. and Member FDIC.