Which of the Following Is False Concerning a Term Loan

Which of the following is false concerning a term loan?

A) A term loan is typically an amortized loan with equal payments over the life of the loan that Include interest and principal payments.
B) Longer-term loans to purchase depreciable assets are often for 20 to 30 years.
C) Longer-term loans to purchase depreciable assets typically have a maturity of 1 to 7 years.
D) Term loans are typically structured to match cash flows generated by the firm over the life of the equipment.
E) Collateral for a term loan is often the equipment being purchased.