A simpler way to manage your business loan

The repayment period for business loans can vary based on the type of loan, lender, and the purpose of the loan. It can range from a few months to several years. Short-term loans may have repayment terms of 6 to 18 months, while medium-term loans can extend up to 4 years. Boopos has loans with repayment periods that can very between a couple of months up to 4 years.

We recommend to stick to your original payment plan as there are no discounts on early payment and even some penalizations may apply depending on the case.

The timing for starting repayment on a business loan depends on the terms negotiated between the borrower and the lender. In some cases, repayment may begin immediately after the loan is disbursed. However, it's also possible to negotiate a grace period during which you are not required to make payments, allowing you time to invest the loan funds in your business and generate revenue before starting repayment. Boopos offers businesses a variable grace period, between 1 to 6 months, where borrowers only need to make payments towards their loan’s interest without having to pay down the principal balance.

Business loan repayment typically involves making regular payments to the lender, including both principal and interest. The specific terms and conditions of the repayment depend on the loan agreement you have with the lender. The repayment schedule can vary, but it commonly includes monthly or quarterly payments. Boopos offers fixed-term loans that provide full visibility and predictability on the monthly repayment schedule.