Term Loan
The classic way to fund a bigger move.
- Loan amount
- $20K – $1M
- Interest rate
- As low as 6%
Term loan
Term Loan
The classic way to fund a bigger move.
- Loan amount
- $20K – $1M
- Funding speed
- Within 24 hours
- Loan term
- 1–2 years
- Interest rate
- As low as 6%
Term loan
What it is, plainly
A term loan is one lump sum of capital, repaid at a fixed rate over a fixed period. It is the most straightforward way to fund something substantial — a second location, a large order, a hire you have been putting off — and to know exactly what it costs before you commit.
The application takes about two minutes: the amount, how to reach you, and a few questions about the business. A funding specialist comes back with the offers you qualify for, each with its full cost written out.
The terms, in plain words
The words to read on a term loan offer
- Interest rate
The price of borrowing, stated as a yearly percentage of what you still owe. As the balance comes down, so does the interest.
AskIs this the APR, and are the fees counted in it?
- Total payback
Every dollar you will hand over, from the first payment to the last: the amount, the cost and every fee. It is the one number that makes two different offers comparable.
AskWhat is the total, with every fee included?
- Term
How long you have to repay. A longer term usually means a smaller payment and a larger total. A shorter term is the reverse.
AskWhat does the total come to on a shorter term, and on a longer one?
- Prepayment
Paying it off early. On a loan charged by interest, that usually saves money.
AskIf I pay early, what exactly do I save? Is there a penalty?
These are general meanings. The agreement you are offered is what governs, so read its own definitions before you sign. All six terms.
What it gives you
Why owners choose it
- A fixed payment you can plan around
- Funded within 24 hours once approved
- For any business purpose
- No out-of-pocket fees
The application
Apply once. See it all written out.
About two minutes. Choose an amount, say how to reach you, and answer a few questions about the business. No application fee and no obligation.
The application is the way in, and it takes about two minutes.
The six
All six, this one marked
Short Term Business Loan
Fund your business on your terms.
- Funding amount
- $10K – $1M
- Cost
- Beginning at 6%
Equipment Financing
Equipment for virtually any industry.
- Loan amount
- Up to $250K
- Cost
- As low as 8%
Working Capital
Funding your day-to-day operations.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Business Line of Credit
Flexible financing, there when you need it.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Revenue-Based Funding
Quick and efficient access to capital.
- Funding amount
- $5K – $500K
- Funding speed
- 24–48 hours
