Business Term Loans
A term loan provides a set amount of capital with a defined repayment structure. It is an excellent option for businesses seeking clarity, planning, and long-term financial confidence.
What is a Term Loan?
A business term loan provides a lump sum of cash upfront, which the borrower repays over a set period of time (the "term") with a fixed or variable interest rate. Term loans are the traditional standard of business financing, designed for specific, one-time investments that will generate long-term ROI for the company.
When running a growing company, having access to reliable capital is essential. The right term loan can provide the leverage needed to overcome cash flow hurdles, invest in high-ROI opportunities, and scale operations without giving up equity or control of your business.
Key Benefits
Rates, Terms & Timeline
Rates
Term loans generally offer some of the most competitive interest rates in alternative lending, especially for established businesses with strong credit profiles.
Terms
Repayment terms typically range from 1 to 5 years, with payments scheduled monthly or bi-weekly depending on the lender.
Timeline
Funding for term loans usually takes 2 to 5 business days, as the underwriting process is slightly more detailed to secure longer terms and lower rates.
How It Compares
Term loans offer longer repayment periods and lower rates than short-term working capital loans or merchant cash advances. However, they are less flexible than a line of credit since you receive all the funds at once and pay interest on the entire amount.
Frequently Asked Questions
Can I pay off my term loan early?
Many of our term loan products offer early payoff discounts or have no prepayment penalties.
Do I need a business plan?
Typically no. While SBA loans might require one, our standard term loans rely primarily on your recent bank statements and tax returns.
Are the interest rates fixed?
Most of our term loan options feature fixed rates, meaning your payment will never change during the life of the loan.
Qualification Requirements
- Minimum $20,000/month in revenue
- 1 to 2+ years in business
- Strong personal and business credit
- Profitable or showing strong growth trends
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