Fixed Rates

Business Term Loans

Predictable financing with fixed monthly payments. Perfect for expansion, equipment purchases, or other major business investments.

Apply for Term Loan

$25K - $5M

Loan amounts

1-10 Years

Flexible terms

Fixed Rates

Predictable payments

Understanding Business Term Loans

Term loans provide a lump sum of capital upfront with fixed monthly payments over a predetermined period. They're ideal for major business investments, expansion projects, and long-term strategic initiatives.

How Term Loans Work

Term loans provide a fixed amount of capital that you repay over a set period with predictable monthly payments. Interest rates can be fixed or variable, and the loan is typically secured by business assets or personal guarantees.

Predictable Payments:Fixed monthly payments make budgeting easier
Lower Interest Rates:Generally lower rates than short-term financing
Build Credit:Consistent payments improve business credit profile

Term Loan vs. Other Financing

vs. Line of Credit

Term loans provide immediate access to full amount, while lines of credit offer ongoing access to funds as needed.

vs. Working Capital Loans

Term loans are for long-term investments, while working capital loans address short-term cash flow needs.

vs. Equipment Financing

Term loans offer more flexibility in fund usage, while equipment loans are specifically for equipment purchases.

Industry-Specific Applications

Manufacturing

Fund production equipment, facility expansion, and automated systems to increase capacity and efficiency.

Production line upgrades
Warehouse expansion
Quality control systems

Healthcare

Invest in medical equipment, practice expansion, and technology upgrades to improve patient care and efficiency.

Medical equipment
Practice acquisition
EMR system implementation

Technology

Fund product development, team expansion, and infrastructure scaling for growing tech companies.

R&D investments
Team hiring
Infrastructure scaling

Real-World Success Stories

Restaurant Chain Expansion

Challenge: A successful restaurant wanted to open three new locations but needed capital for buildouts, equipment, and initial operating expenses.

Term Loan Amount:$750,000
Term:7 years
Rate:6.8%
Monthly Payment:$12,450

Result: Opened 3 locations, increased revenue by 180%

Manufacturing Equipment Upgrade

Challenge: A precision manufacturing company needed to replace aging equipment to meet new quality standards and increase production capacity.

Term Loan Amount:$1,200,000
Term:10 years
Rate:7.2%
Monthly Payment:$13,950

Result: 40% increase in production capacity, new contracts worth $2M annually

Term Loan Application Process

Application Steps

1

Pre-qualification (10 minutes)

Answer basic questions about your business and funding needs to see if you qualify.

2

Full Application (30 minutes)

Complete detailed application with financial information and business details.

3

Document Review (2-5 days)

Submit financial documents for underwriting review and verification.

4

Final Approval & Funding (1-3 days)

Review loan terms, sign documents, and receive funds in your account.

Required Financial Documents

Personal Documents

Personal tax returns (2 years)
Personal financial statement
Government-issued ID

Business Documents

Business tax returns (2-3 years)
Financial statements
Bank statements (6 months)
Business plan or use of funds

Term Loan Benefits

  • Fixed monthly payments for budgeting certainty
  • Competitive interest rates
  • No prepayment penalties
  • Fast approval process
  • Build business credit history

Common Uses for Term Loans

Business expansion
Equipment purchases
Inventory financing
Real estate purchases
Debt consolidation
Working capital

Term Loan Requirements

Credit Score:650+
Time in Business:1+ years
Annual Revenue:$100K+
Interest Rates:Starting at 6.5%

Payment Example

Loan Amount:$100,000
Interest Rate:7.5%
Term:5 years
Monthly Payment:$2,013