A term loan is a loan with a specified due date, usually of more than one year. Such a loan typically cannot be repaid before maturity without incurring prepayment expenses. Term loans are extended for the purpose of acquisition of fixed assets, such as land, building, plant and machinery for setting up of new industrial units or expansion / modernization of existing units.
Working capital financing is a short term loan financing of less than a year. These financing product will give you the financial freedom to act on investment opportunities, or obtain standby credit to help manage your cash flow.