Fixed Payments. Predictable Growth.
A business term loan gives you a set amount upfront with fixed monthly payments over an agreed term. Ideal for major investments where you know exactly how much you need and want a clear repayment schedule.
Apply for a Term LoanHow Business Term Loans Work
A term loan provides a lump sum that you repay over a fixed period with regular payments - typically monthly. Interest rates are either fixed or variable, and the term length determines how long you have to repay.
Shorter terms generally come with lower total interest costs but higher monthly payments. Longer terms spread the repayment out, reducing monthly obligations but increasing the total cost of capital.
Term loans are best suited for businesses making a specific investment - expanding a location, purchasing equipment, hiring staff, or refinancing higher-cost debt. They work best when you have a clear plan for how the funds will generate returns.
Sample Payment Scenarios
* Estimates only. Actual rates vary by business credit profile and lender.
Who Qualifies
- 2+ years in business (preferred)
- $250,000+ in annual revenue
- 620+ personal credit score
- No open bankruptcies in the past 3 years
- Profitable business (most programs)
What You Can Use It For
- Expanding or renovating a location
- Hiring and onboarding staff
- Refinancing existing debt at a lower rate
- Launching a new product or service
- Major equipment purchases
- Acquiring another business
Ready to Fund Your Next Step?
Apply for a business term loan and get a decision within 48 hours.
Apply for a Term Loan