Business Term Loan: Secure Capital with Predictable, Long-Term Financing
A Business Term Loan is a traditional and reliable financing solution that allows businesses to access a lump sum of capital upfront and repay it over a set period. This product is ideal for business owners in industries such as retail, medical, technology, auto repair, and food & beverage who are looking for predictable, long-term financing to fuel their growth.
A Business Term Loan is perfect for businesses that need significant upfront capital to expand operations, invest in new equipment, hire staff, or manage large expenses. With flexible terms and no prepayment penalties, you can tailor the loan to fit your business’s needs and goals.
How Does a Business Term Loan Work?
With a Business Term Loan, the process is simple:
- Receive a lump sum of money upfront based on your business’s qualifications.
- Repay the loan over a fixed term, usually between 1 to 2 years, with weekly or monthly payments.
- You’ll have the peace of mind of knowing your repayment schedule upfront, making it easier to budget and plan for the future.
This loan type provides stability and predictability for business owners, allowing you to manage larger projects with the confidence that comes from knowing exactly how much you owe and when.
Unique Benefits of a Business Term Loan:
- Large Funding Amount: Borrow up to $10 million depending on your business’s financial health and creditworthiness.
- Flexible Repayment Terms: Choose a repayment schedule between 1 to 2 years with the option for weekly or monthly payments.
- No Prepayment Penalty: Pay off your loan early without incurring any penalties, helping you save on interest if your business’s cash flow improves.
- Refinance Options: If you already have existing loans or Merchant Cash Advances (MCAs), this loan allows you to refinance up to 2 existing loans for better terms.
- Build Business Credit: Your loan payments could be reported to business credit bureaus, helping you build and strengthen your company’s credit profile.
Qualifications for a Business Term Loan:
- 2 years in business: A proven operational track record shows lenders that your business is stable.
- 600+ FICO: A decent credit score helps you qualify for competitive rates and terms.
- $500,000 in annual sales: Your business should generate at least $500,000 in revenue, or deposit $40,000 monthly into your business bank account.
- Business bank account: Required to demonstrate consistent business activity.
Advantages for Your Business
- Predictable Payments: With fixed weekly or monthly payments, you’ll have full visibility of your cash flow commitments, allowing for better financial planning.
- Large Loan Amounts: Access up to $10 million, which can be used to fund expansions, purchase new equipment, or cover large operational costs.
- Fast and Flexible: With no prepayment penalties, you have the flexibility to repay the loan early, saving on interest costs if you find yourself in a strong cash position.
- Streamlined Application Process: Securing a business term loan is easier and quicker than traditional bank loans, ensuring you can get access to capital when you need it most.
A Business Term Loan offers the capital your business needs to take advantage of growth opportunities, manage expenses, or improve operations. Apply today for fast approval and access to funds, giving your business the financial boost it needs to reach its full potential. Apply Now
