This document provides information on term loans and lease financing. It defines a term loan as a loan that is repaid with regular payments over a set time period, usually between 1-30 years. Term loans are commonly used for small business loans to finance expanding operations. The document also defines a lease as a contract where the owner of an asset allows another party to use the asset for an agreed period in exchange for rent payments. Various types of leases are described including financial leases, operating leases, and sale-leaseback arrangements. Considerations for term loans like fixed vs floating interest rates are also discussed.