$10K - $2M
Term Loans
A lump sum with predictable monthly payments over a fixed term. Ideal for expansion, hiring, or large purchases.
Term Loans
$10K - $2M
Overview
Term loans provide a lump sum of capital upfront with a fixed repayment schedule — monthly payments you can plan around. This predictability makes them the right choice for significant investments: opening a new location, purchasing major equipment, hiring a team, or consolidating existing debt into a single manageable payment. Our lending partners offer terms from 6 to 60 months with competitive rates, and funds can be deposited within 48 hours of approval.
Key Features
- Fixed monthly payments for easy budgeting
- Terms from 6 to 60 months
- Competitive rates for qualified borrowers
- Funds deposited within 48 hours of approval
Funding Range
$10K - $2M
Category
Working Capital
Flexible funding to cover payroll, inventory, and growth initiatives.
Ready to get started?
Apply once and we will match you with the best options for your business.
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How Term Loans works
Submit your application
Provide basic business details, revenue information, and the amount you need. The process takes about five minutes.
Receive matched offers
We present you with term loan offers from lenders that fit your profile — including rates, terms, and total repayment amounts so you can compare clearly.
Accept and get funded
Choose the offer that works best. Sign the agreement and receive your lump sum, typically within 48 hours.
Repay on schedule
Make fixed monthly payments over your chosen term. No surprises, no variable adjustments — the same amount every month until paid in full.
Why Choose This Product
Built for growing businesses
Predictable Budgeting
Fixed payments every month. No surprises, no variable rates — plan your cash flow with confidence.
Larger Capital Access
Up to $2M in a single lump sum for major business investments like expansion, acquisition, or renovation.
Flexible Terms
Choose a repayment timeline from 6 to 60 months that aligns with your revenue cycle and growth plan.
Eligibility
Who qualifies for Term Loans
- Minimum 500 credit score
- At least 4 months in business
- Minimum $5,000 in monthly bank deposits
- No open bankruptcies
- Businesses across most industries are eligible
Real-World Scenarios
Common use cases
A dental practice borrows $250K to renovate its office and add two new treatment rooms, repaying over 36 months from increased patient revenue.
A construction company takes a $500K term loan to hire a project management team and bid on larger contracts, with a 48-month repayment plan.
A retail chain consolidates three existing high-interest advances into a single $150K term loan at a lower rate, simplifying cash flow management.
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Term Loans vs. alternatives
Term loans offer more predictability than a line of credit because payments are fixed and the total cost is known upfront. Compared to SBA loans, term loans are faster to close — days rather than weeks — though SBA loans typically offer lower rates and longer terms. For short-term needs under 18 months, a bridge loan may be more appropriate since it is designed for temporary gaps rather than long-term investments.
Frequently Asked Questions
Common questions about Term Loans
Our lending partners work with credit scores starting at 500. Higher scores — particularly above 650 — unlock longer terms, higher amounts, and lower interest rates.
Most term loan applications receive a decision within 24-48 hours. Funds are typically deposited within 1-2 business days after acceptance.
Standard requirements include 3-6 months of business bank statements, a government-issued ID, and your business tax ID (EIN). Larger loan amounts may require tax returns or financial statements.
Many of our lending partners offer term loans with no prepayment penalties, meaning you can pay off the balance early and save on interest. We will identify which offers include this flexibility.
Yes. Businesses with at least 4 months of operating history and consistent monthly deposits of $5,000 or more can qualify. Newer businesses may receive shorter terms or smaller amounts initially.
No. The initial application uses a soft credit inquiry that does not impact your score. A hard inquiry occurs only if you choose to move forward with a specific lender's offer.
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