Small Business Term Loans – Lump-Sum Funding for Growth
What is it?
A term loan provides your business with a lump sum of capital upfront, repaid over a fixed period at a set or variable interest rate. Ideal for large investments, expansion, or long-term projects, term loans offer predictability and stability in your repayment schedule.
How It Works:
You borrow a specific amount of money and repay it in regular installments over the loan’s term. Interest may be fixed or variable, and terms can range from short to long depending on your needs.
Common Uses:
- Business expansion
- Equipment purchase
- Business acquisition
- Large-scale marketing initiatives
- Refinance debt
- Large, unexpected costs
Pros:
- Predictable monthly payments
- Suitable for long-term investments
- Potentially lower interest rates than revolving credit
- Can help build business credit
Cons:
- Fixed repayment schedule regardless of cash flow
- May require collateral or a personal guarantee
- Interest accrues on the full amount from day one
Rates, Terms & Funding Ranges:
- Interest Rate: 7.99-29.99% APR
- Loan Amounts: $10,000 - $5,000,000
- Terms: 1-5 years
Get Started:
Apply for a term loan today and fund the projects that will drive your business forward for years to come.