Term Loans
A lump sum of capital with a fixed rate and set repayment schedule, ideal for larger investments like expansion, renovations, or equipment upgrades. Predictable payments, no surprises.
- Fixed Monthly Payments
- Clear Payoff Timeline
- Larger Funding Amounts
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How it works
A term loan is the most straightforward funding product we offer: you borrow a set amount, repay it on a fixed schedule (usually monthly), and know your payoff date the day you sign. There is no revolving balance and no fluctuating draw.
Underwriting looks at time in business, revenue trend, and credit history together, so approval takes a bit longer than working capital but the structure is simpler to plan around — useful when a business needs to budget a project against a known monthly cost.
Terms and amounts scale with the strength of the application: longer operating history and stronger revenue typically unlock longer terms and larger amounts.
Best for
- Funding a specific, one-time investment
- Renovating or expanding a location
- Consolidating higher-cost debt into one payment
- Building a predictable budget around financing
Requirements
- Time in business: 1+ year
- Monthly revenue: consistent gross deposits, reviewed via bank statements
- Credit profile: fair to strong credit strengthens terms
Is this right for you?
Pros
- Predictable fixed payments
- Clear payoff timeline
- Can fund larger amounts
Cons
- Slower to fund than working capital
- Longer applications for larger amounts
Term Loans FAQ
A term loan is a single lump sum repaid on a fixed schedule over a set term. Working capital is typically shorter and sized more loosely around recent cash flow.
Terms vary by offer — your specialist will walk through payoff terms before you sign anything.
Get funded. Grow faster.
Talk to a funding specialist today — no obligation, no pressure.