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Customer Service > Questions & Answers > Frequently Asked Questions > Business Banking >

Business Loan / Line of Credit

Should I choose a Business Loan or Line of Credit?

While every situation is unique, here are some general ideas to consider. Term loans provide financing for capital expenditures, such as fixed assets and other equipment needs which are regularly amortized over a period of years (e.g., 1 to 5 years) with a term loan. A line of credit offers flexibility and convenience to easily access funds when you need them the most for short-term financing needs. To learn more about our Business Banking loan product offerings, please visit your nearest Washingington Mutual Financial Center of call us toll free at (800) 788-7000.