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Business
Term Loan

A fixed amount over a fixed schedule, for something specific — a build-out, an acquisition, a real expansion. The most boring product here, and usually the right one when you know exactly what the money is for.

At a glance

Amount$25,000 – $500,000
Term1 – 5 years
Time to funding3 – 10 business days
Time in business2 years minimum
Credit checkSoft pull to review

Is this the right fit?

A term loan is predictable and cheaper per dollar than most options. The catch is that you take the whole amount at once and pay interest on all of it — so it fits a defined, one-time use, not an ongoing need.

Good fit if

  • You have one defined use for the money
  • You want a predictable monthly payment you can budget around
  • Your business has two-plus years of history and steady revenue
  • You are investing in something that will still exist when the loan is repaid

Probably not if

  • Your need is ongoing rather than one-time — take a line instead
  • You need funds within 48 hours
  • You are under two years old
  • The purchase is equipment that could collateralize itself more cheaply

What you will need

  • Six to twelve months of business bank statements
  • Business tax returns, often the last two years
  • A clear statement of use of funds
  • Owner details and photo ID

Typical terms

These are the ranges we see across our funding partners. Your actual offer depends on your credit profile, time in business, and use of funds — and is set by the partner, not by us.

TermTypical range
Amount$25,000 to $500,000
Term1 to 5 years
PaymentsFixed monthly, occasionally weekly
CollateralMay be secured or unsecured depending on size
Personal guaranteeStandard
PrepaymentOften allowed; confirm on your offer

Ranges are illustrative and are not an offer of credit. Rates, fees, and terms are determined solely by the funding partner and disclosed to you before you sign.

Common questions

How is this different from a line of credit?

You take the whole amount at once and pay interest on all of it. A line lets you draw only what you need. Term loans are cheaper per dollar; lines are more flexible.

Will I need to provide tax returns?

For most term loan partners, yes. That is part of why the rate is lower.

How long does it really take?

Three to ten business days for a complete file. Missing tax returns is the usual reason it stretches.

Do you lend the money yourselves?

No. We refer your file to third-party funding partners who make their own credit decisions.

Other options to compare

Business Line of Credit

Revolving capital when the need is ongoing rather than a single, defined purchase.

See More

SBA Loan

The lowest cost on this list, and the slowest. Worth it when the timeline allows.

See More

Equipment Financing

When the purchase is an asset that can secure the loan itself — often cheaper than a term loan.

See More

Find out where you stand

Two minutes, no hard credit pull, and a straight answer about whether a term loan is open to you right now.

Check My Eligibility