Business Term Loans

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What Are the Requirements to Qualify for
Business Term Loans?

1+ Year in Business

$500,000+ in Annual Revenue

What is a business term loans?

A term loan provides borrowers with a fixed amount of capital that must be repaid over a specified period. The repayment includes the principal amount plus interest, which is paid in regular installments—whether monthly, weekly, or daily—based on the agreed financing terms.

Short-Term Loans
With repayment periods of 6 to 18 months, short-term loans are ideal for quick ROI needs, like project costs or holiday inventory.
Intermediate-Term Loans
With terms of 1 to 3 years, these loans are a middle ground for entrepreneurs who need neither short- nor long-term financing.
Long-Term Loans
Entrepreneurs choose longer repayment periods to reduce monthly payments and spread the loan over a longer term. While this results in higher total interest costs, it helps preserve cash flow.

Access the Lowest Rates, Longest Terms, and Highest
Funding Amounts to meet your goals with ease.

Funding Amount

Secure the Highest Funding Amounts to fuel your growth and achieve your ambitions effortlessly.

Repayment

Enjoy flexible repayment options tailored to fit your budget and timeline, making it easier to stay on track while achieving your goals.

Time to Fund

Get funded fast! Enjoy a quick and efficient process, with funding delivered in as little as 24 to 48 hours.

Resources & Frequently Asked Questions

A term loan provides a fixed amount of money from a lender, which is repaid according to a predetermined schedule. The loan has a start date when funds are deposited into your business account and an end date when the loan, including interest, is fully paid off.

Borrowers can often repay the loan early to potentially reduce their overall cost of capital, depending on the lender’s terms. Term loans are commonly used for purposes like purchasing inventory, expanding or remodeling businesses, and covering working capital needs, among other business expenses.

There’s essentially no difference — a term loan is simply a type of loan. In a term loan, the borrower receives a set amount of money and repays it over a fixed period with regular payments toward both the principal and interest.

Other financing options, like revenue-based financing, work similarly by providing a lump sum of capital, but they differ in that repayment periods are typically shorter, and approvals are based on the business’s profitability rather than a fixed schedule.

Term loans share several key characteristics:

  • Lump Sum Payment: Borrowers receive the entire loan amount upfront.
  • Consistent Repayment Schedule: Repayments are made regularly, according to an agreed-upon schedule.
  • Established Start and End Dates: The loan has clear beginning and end dates for repayment.
  • No Equity Transactions: Unlike equity financing, term loans don’t require giving up ownership in your business.
  • Early Repayment Savings: Paying off the loan early may reduce the overall cost of capital.
  • Impact of Late Payments: Late payments or defaults can harm your business’s credit and damage your relationship with the lender.

If you’re seeking a simple and direct financing option, term loans could be a great fit for your business needs.

Effortless Application Process

Apply Online Now

Our simple and straightforward application process takes just seconds to complete, giving you instant pre-approval.

Review Your Options

Your dedicated loan advisor will guide you through the available financing options tailored to your business needs.

Receive Your Funds Quickly

Complete the online application process and get your funds in as little as 24 hours.

Ready to growth your business?

Grow your business with fast funding, flexible solutions, and expert support tailored to help you achieve your goals quickly and effectively.