Long-term business loans
What it means
Business debts that take longer than a year to pay off, like term loans, equipment loans, or a mortgage on a building the business owns.
Good to know
Use the balance still owing, not the original loan amount.
Business debts that take longer than a year to pay off, like term loans, equipment loans, or a mortgage on a building the business owns.
Use the balance still owing, not the original loan amount.