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Term Loan

A long-term loan that has a specified repayment schedule

A term loan gives you the cash to grow your business, whether it be to renovate office space or buying inventory. With a term loan, you borrow a lump of cash upfront for a specific purpose and repay the loan over a set period of time with fixed, equal payments.

Contact us to learn more about Term Loan

Call us to speak to a loan specialist today.

Long-term financing with terms that will position you for growth

1

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

  • Loan is paid off in monthly increments

  • Rate range: 7.9% – 24.99%

  • Loan is paid off over a period of 1-5 years

2

Rates are based on

 

  • Industry

  • The use of funds

  • Your credit

  • Overall financial health/profitability of the businesses

3

Required documents

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  • 6 months most recent bank statements

  • 2 most recent years of business tax returns + 1 year personal

  • Debt schedule

  • Personal financial statements – updated within last 60 days (balance sheet and P&L for any deal over $800,000)

4

Ask yourself

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  • Are you currently receiving any term loan financing?

  • Have you successfully paid off any past term loans?

  • What do you intend to do with your term loan?

5

Good to know

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  • Getting funded for a term loan is a more time-consuming process, usually taking between 2-3 weeks for an approval

  • Term loans offer the most generous loan rate available

  • 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 an approval down the line

Apply Now

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