Business Term Loans
The classic way to boost your small business.
Understanding Business Term Loans
LOAN AMOUNT
$10,000-2,000,000
TIME TO FUND
As Soon As 24 Hours
LOAN TERMS
2-10 Years
INTEREST RATE
As Low As 6%
The Classic Small Business Loan
We all love a classic because it’s tried and true. The same goes for a business term loan—it’s a stable, flexible way to get more working capital, grow your business, and build your credit. If you’re craving a simple small business financing solution, this is it.
Benefits Of A Term Loan
A term loan is a good way to get a large sum of funding that can be repaid over many years. The interest rates tend to be more favorable than those for short-term loans. They also usually come with a fixed or flat interest rate, so you’ll know what you’re expected to pay each month.
Types of Term Loans
Term loans are generally classified into short-term loans and long-term loans.
Short-Term Loan
These short-term loans have a fairly self-explanatory name. They’re short-term,
generally meaning they are repaid over 18 months or fewer.Term Loan
A long-term loan on the other hand spans years. So they’re great if you’re looking for a
large lump sum of funding to help sustain your business. These are usually paid over 2
to 10 years and are for $10,000 to $2 million, a much larger sum than short-term loans
would be for.
How To Apply For A Business Line Of Credit
1.
Fill out the 15-minute online application.
It’s secured with bank-grade encryption and SSL technology, so you know your information is safe.
2.
Receive matches.
We pair you with loan options from our network of 75+ lenders. Our dedicated fundingmanagers can help you weigh the pros and cons of each option.
3.
Get funded.
Once you’re approved, you’ll be able to access your capital in as little as 24 hours.