Generally, the greater the risk, the higher the interest rate. Risk factor can often determine the terms of the loan as well. You may also be asked to provide your personal credit information. It's a good idea to get a copy of your credit report from all three major credit reporting agencies before applying for a loan so you can make sure the information is accurate and consistent. If the borrower possesses readily salable commodities or collateral, this can add to the means of repayment and tends to increase the amount of credit that may be extended.
Some businesses pay off their loans, particularly their long-term debt, and others obtain new loans.
In some cases the loan can be repaid before maturity at the option of the borrowers. In other cases, the loan cannot be repaid before maturity. Terms can vary considerably. Interest may be due semi-monthly or monthly, or it may be due when the loan matures. Interest rates will also vary.