Business Term Loans
Predictable financing for major business expenses, repaid on a fixed schedule.
Apply Now →What is Business Term Loans?
A business term loan provides a lump sum of capital upfront, which you repay over a set period through regular scheduled payments. It is one of the most straightforward types of business financing – you know the amount, the term, and the payment schedule from the start.
How it works
From application to funding, in 4 steps.
Apply
Complete a simple online application and tell us about your business.
Review Your Options
Our team reviews your business profile and matches you to available programs.
Choose Your Offer
Compare available terms and select the option that fits your needs.
Get Funded
Complete the required documentation and receive your funds.
Who it's for
Term loans generally suit established businesses with a clear, one-time capital need: buying equipment, renovating a location, launching a new product line, or consolidating existing debt. Because payments are fixed, they work best when you have predictable revenue to support consistent repayment.
Benefits
Predictable Payments
Fixed monthly payments make budgeting straightforward.
Lump-Sum Funding
Get the full amount upfront for a specific need.
Clear Payoff Date
Know exactly when the loan will be fully repaid.
Qualification & required documents
Qualification factors vary by lending partner and typically consider time in business, revenue, and credit profile. Commonly requested documents include:
Your funding specialist will confirm exactly what is needed once you are matched to a specific program.
Example scenarios
A few ways businesses put Business Term Loans to work.
Renovating a Location
Funding a buildout or remodel with a predictable repayment schedule.
Refinancing Debt
Consolidating higher-cost debt into one fixed monthly payment.
Major Equipment Purchase
Financing a large one-time equipment investment.
How it compares
A starting point - your funding specialist will confirm what fits your business.
| Compared To | Key Difference |
|---|---|
| Term Loan vs. Line of Credit: | A term loan gives you one lump sum for a specific need with fixed payments, while a line of credit gives you ongoing access to funds you draw as needed and only pay interest on what you use. |
| Term Loan vs. Merchant Cash Advance: | A term loan has fixed payments over a set schedule, while an MCA repayment amount flexes with your revenue – term loans are generally more predictable, MCAs can be faster to obtain. |
Frequently asked questions
Industries we fund
Common funding needs this covers
Ready to explore Business Term Loans?
One application, matched to funding options across our lending network.