Business Term Loans
Ideal for large purchases, growth initiatives, and working capital that requires longer repayment terms.
How It Works
A term loan lets you receive a lump sum of capital upfront that you repay over a fixed period with regular installments. You acquire the full loan amount at closing and make consistent weekly or monthly payments until the balance is paid off. Term loans are perfect for investments or one-time expenses where you know exactly how much you need and can plan for structured repayment.
Best Use Cases
Working capital: Bridge gaps while seeking growth
Technology and infrastructure: Upgrade tools and systems
Marketing and growth initiatives: Cover campaigns with measurable ROI
Refinancing high-cost debt: Consolidate into one predictable payment
Large inventory purchases: Purchase in bulk for favorable pricing
Business expansion: Expand operations or open new locations
Funding Speed
24 to 72 hours for approval. Funding received within 3-7 business days.
Interest Rates
APR typically ranges from 8% to 35%, depending on business performance and creditworthiness.
Loan Amounts
$50,000-$2M+ depending on credit profile, revenue, and credit profile.
Key Features
Terms
Ranges from 12 to 36 months. Longer terms are available through SBA programs.
Prepayment
Lenders often offer prepayment options with no or minimal penalties.
Repayment
Fixed weekly or monthly interest payments. Fully amortizing with interest and principal.
Qualification Requirements
Minimum Criteria
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Minimum monthly revenue of $250,000+
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At least 1 year in business (2+ years preferred for larger amounts)
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No significant tax liens or active bankruptcies
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Personal credit score of 650+ (Those with higher scores get better terms)
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Profitable or break-even operations
Documentation Needed
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Possibly personal tax returns and personal ID
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Business formation documents
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Profit and loss statements
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6-12 months of business bank statements
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Business tax returns (1-2 years)
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Use of funds explanation
Advantages
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Monthly payments are predictable
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Lower rates than lines of credit
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Builds business credit history
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Lump sum upfront for large expenses
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Longer repayment terms reduce payment size
Disadvantages
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Higher rates than bank loans or SBA
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Required to pay the full amount even if it needs to be changed
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More documentation than lines of credit
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Origination fees can be 2-5% of loan
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May require collateral or personal guarantee
We help entrepreneurs unlock the growth their business deserves with our flexible funding.