Term Loan

What is a term loan?

A term loan is offered in two types of formats known as a short-term or long-term loan. Regardless of which one you choose, this type of loan requires small business owners to pay back in monthly installments plus the interest charged. For instance, a short-term business loan payment plan would be under 12 months, while long-term loans (above a year) tend to be around 3-5 years.

Top 5 Benefits

  • Lower Interest rates
  • Increased flexibility
  • Frees up cash flow
  • Manageable payments
  • Secured loans

Term Loan Qualifications

Time in business 3 months (Minimum)
Monthly Revenue $5k (Minimum)
Business Bank Account (Required)
No Minimum Credit Score Required

Basic points to consider when applying for a term loan

Acquiring a business term loan from traditional lenders can be a challenge for small businesses—dealing with obstacles that require business owners to be pre-qualified for the loan. Lenders will all also need financial reports such as profit and loss, full tax returns, and projected accounts receivable. The main points to consider include:

  1. Financial reports: Requirement of extensive financial reporting such as profit and loss.
  2. Eligibility: The lender may restrict the amount of capital you are eligible to receive.
  3. Guidelines: Lenders may require businesses to receive funding for specific items.

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The easiest and most professional service I received when looking for capital.


How It Works

Simple. Fast. Funded.


Fill Out Our Quick & Easy Application

The entire process takes just 2 minutes with no fee.


Receive Approval

92% of the applications submitted are approved within 24 hours.


You’re Funded

Funds are deposited to your bank account within hours of approval.

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