
Small Business
Term Loan
$15,000 - $500,000
FUNDING AMOUNT
12 - 60 months
TERM LENGTH
A business term loan is a lump sum of money you borrow from a lender, then pay back at fixed intervals — with interest — over a set period of time.
Depending on the lender, you'll pay off the loan on a weekly, bi-weekly, or monthly basis. Repayment periods can last from a few months up to 10 years or more.
Interest Rates also vary by lender, but they can be either fixed or variable. Fixed Rates stay the same, while variable rates change depending on the state of the market.
Business term loans are great vehicles to invest in big purchases and long-term business growth. With long repayment periods and typically lower interest rates than credit cards, term loans give you ample time to generate a return on your investment before you have to pay back your loan.
Longer term loans are best for business expansion and growth goals. Similar to buying a house, many business initiatives take time to gain a return on investment. The lower monthly repayment amounts of long-term loans can give your business the margin it needs to maintain positive cash flow. This loan type offers fast funding, typically funding within a week.
Ideal Financing for your Business
Term Loan

Minimum Qualifying Criteria
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650+ credit score
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24+ months in business
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$10,000 average monthly bank deposits
Required Items
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Signed one page funding application
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3-5 most recent business bank statements
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Business tax returns (only in certain cases)