Term Loan
What is a Term Loan?
A term loan gives your business a fixed amount of capital that you repay in regular installments over a predetermined period. With predictable monthly payments, term loans make it easy to budget and plan ahead. They are well suited for businesses that need a significant amount of capital for a specific purpose and prefer the stability of a fixed repayment schedule over the flexibility of revolving credit.
Loan Details
Max. Loan Amount
$5K – $500K+
Loan Term
1 – 10 years
Interest Rates
8% – 15%
Speed of Funding
48 – 72 hours
Loan Requirements
Annual Revenue
$150K+
Credit Score
600+
Time in Business
2+ years
Pros
- Manageable monthly payments
- Limited total cost with fixed terms
Cons
- Asset depreciation on purchased equipment
- Complicated qualification process
How To Apply for a Term Loan
With our simple online application, the process is quick and easy.
Prequalify Online
Fill out our simple online form to see if you qualify for a term loan.
Online Approval
A dedicated consultant reviews your application and connects you with the best lender.
Receive Secure Funding
After approval, funds are deposited directly into your business bank account.