Is part payment allowed in a business loan?

Yes, part payment is allowed in business loans but the availability of this facility varies from lender to lender.

While some lenders may allow part payment of loans, some others may have restrictions on how many times in a year you can make part payments.

Lenders may also define the minimum and maximum part payments allowed.

Hence, ensure you seek information on part payments before you sign the loan document’s dotted line.