A term loan gives you the cash to grow your business, whether it is to renovate your office space or to buy inventory.
With a term loan, you borrow a large lump of cash upfront for a specific purpose and repay the loan over a set period of time with a fixed rate and equal payments.
Long-term financing with terms which will help you position for growth
How Term Loan funding works
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A business with strong credit is provided with a long-term loan at our lowest rates
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The loan is paid off in equal monthly increments
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Rate range: 7.9% – 24.99%
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The loan is paid off over a period of 1-5 years
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Rates are based on several factors including but not limited to
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Industry
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The use of funds
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Your credit
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Overall financial health/profitability of the businesses
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Questions
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Are you currently receiving any term loan financing?
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Have you successfully paid off any past-term loans?
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What do you intend to do with your term loan?
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Required documents include but not limited to
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6 months' most recent bank statements
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2 most recent years of business tax returns + 1 year personal
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Business Debt Schedule
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Personal financial statements – updated within the last 60 days (balance sheet and P&L for any deal over $800,000)
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Good to know
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Getting funding for a term loan is a bit more time-consuming process, usually taking between 2-3 weeks for approval
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Term loans offer the most generous loan rate available
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In the event that you do not qualify for a term loan, we will pinpoint the reasons and provide a plan to build you up for approval down the line
