Business Term Loans
Working capital when you need it most.
Apply in Minutes
Find competitive unsecured business loan rates and options
Credit Score
Payment Frequency
Draw As Required
Our flexible credit line serves as an immediate extension of your operational capital.
Adaptable & Renewable
We offer immediate renewals and early settlement discounts for lower interest rates.
Pay Only When Utilized
Access the full amount instantly or draw as required. Secured alternatives available.
Why obtain a business term loan?
A business term loan is fundamentally a typical loan as you understand it: a business obtains funding that is repaid over a designated period (term) with fixed monthly or weekly installments. It can be categorized into short-term loans, medium-term loans, and long-term loans. A business term loan is characterized by having a fixed term, unlike other credit options from lenders that can have variable payments, such as business lines of credit, invoice financing, merchant cash advances, and other funding types that fluctuate based on credit card sales.Due to the existence of various credit options from lenders, including business lines of credit, invoice financing, merchant cash advances, and other funding types with variable payments linked to credit card sales, a business term loan is defined as having a set duration. A business term loan fundamentally resembles a traditional loan: a business secures funding that must be repaid within a defined timeframe (term) through fixed monthly or weekly payments
Amount funded
Up to $5,000,000
Repayment term
4 months – 2 years
Financing cost
Starting at 8%
Funded within
1 day
Business Loans: Find the right one for you!
Fast Results
It takes just 5 minutes to fill out your application and just a few hours to get offers!
Flexible Terms
We help you compare your options with ease and always work to get you the most favorable terms.
Expert Support
Our advisors will make sure that the product you have chosen will suit your business needs best.
Term Loans: Explained
A business term loan works similarly to a traditional loan—your company borrows a lump sum and repays it over a fixed schedule, usually in weekly or monthly installments. This makes repayment predictable and easier to plan for compared to flexible financing options.
Term loans are typically categorized as short-term, medium-term, or long-term depending on the repayment period. Unlike credit lines, invoice factoring, or merchant cash advances—where repayment depends on sales activity—term loans follow a structured repayment plan.
Where Can You Get a Term Loan?
Business term loans are available from banks, online lenders, and alternative financing institutions. Each lender has specific requirements such as minimum credit scores, collateral, and business performance history.
Choosing the right lender depends on your company’s financial situation and the purpose of the loan. Traditional banks may offer lower interest rates but stricter qualifications, while online lenders provide faster approvals with slightly higher costs.
Key Benefits
- Fixed repayment schedule makes budgeting easier
- Can fund large, one-time investments or expansions
- Potentially lower interest rates compared to flexible credit
- Helps build long-term business creditworthiness
Potential Drawbacks
- Less flexible compared to revolving credit options
- May require collateral or personal guarantees
- Early repayment penalties may apply in some cases
- Approval process can be lengthy with traditional banks
Conclusion
A term loan is best suited for businesses seeking stable, predictable financing to support growth or cover large expenses. By understanding the terms and choosing the right lender, companies can use term loans as a powerful tool to scale operations responsibly.
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