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A business term loan is fundamentally the same as a traditional loan: a company obtains funding that must be repaid over a specified period of time (term) with fixed monthly or weekly installments. You get a lump some of cash upfront to invest in your business and repay with interest over a predetermined time period. This is best for businesses looking to expand that have good credit and strong business revenue.
Because other types of credit from lenders, such as business lines of credit, invoice financing, merchant cash advances, and other forms of funding that change in payments based on credit card sales, a business term loan is stated as being over a predetermined time.
A term loan gives you the cash to grow your business, our terms go up to 10 years, monthly payments and very competitive rates.
• Get a lump sum amount of cash to invest in the business.
• Borrow higher amounts
• Get funding in 2-7 days
May require some type of collateral
• Businesses looking to grow
• Business owners with better credit and consistent business who can’t wait for funding
Fico Score above 680
Homeowner
2 years in business
Monthly Average Revenue above $100,000
Fill out our Quick Apply application.
We review your goals and present you with programs matching your needs, getting an offer in 24 hours.
Choose the program that fits you best and receive funding within 48 hours.
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