Term Loan
A lump sum, a fixed rate, and a date it is paid off.
- Loan amount
- $20K – $1M
- Interest rate
- As low as 6%
Term loan
Term Loan
A lump sum, a fixed rate, and a date it is paid off.
- Loan amount
- $20K – $1M
- Funding speed
- Within 24 hours
- Loan term
- 1–2 years
- Interest rate
- As low as 6%
Term loan
What a term loan does
This is the plainest kind of business borrowing there is. You take an agreed amount up front and repay it at a fixed rate over a fixed period, so the cost is known on the day you sign and never moves.
It suits a decision you have already made and priced: the second location, the vehicle, the hire, the order too big to float. Because the term runs to a couple of years, the monthly payment stays small enough to live alongside everything else.
Worth knowing
Before you sign one
- The rate is fixed, so the payment never surprises you
- No restriction on what you spend it on
- Paying early usually saves interest — ask before you sign
- Nothing out of pocket to apply
The application
Find out what you qualify for
Two minutes, no fee, and no effect on your credit. If nothing on offer is right for you, nothing happens.
Rather talk to somebody first? (866) 221-5149.
Six kinds of funding
This one, and the five beside it
Short Term Business Loan
For the problem that will not wait until next quarter.
- Funding amount
- $10K – $1M
- Cost
- Beginning at 6%
Equipment Financing
The machine pays for itself while it pays for itself.
- Loan amount
- Up to $250K
- Cost
- As low as 8%
Working Capital
Money for running the business, not for buying a thing.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Business Line of Credit
Approved once, drawn on whenever.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Business Cash Advance
Underwritten on your sales, not your credit file.
- Funding amount
- $5K – $500K
- Factor rate
- 10% – 35%