Term Loan

Designed for experienced business owners with financial security, a long-term business loan provides larger-scale growth capital at lower interest rates and longer repayment terms.

Loan Amount up to $500,000

What is a Business Term Loan?

A business term loan is a lump sum of money you borrow from a lender, and then pay back at fixed intervals — with interest — over a set period. Depending on your lender, you will pay off the loan on a weekly, bi-weekly, or monthly basis. Repayment periods can last from a few months up to 10 years or more.

Interest rates also vary by lender, but they can be either fixed or variable. Fixed rates stay the same, while variable rates change depending on the state of the market.
Business term loans are great vehicles to invest in big purchases and long-term business growth. With long repayment periods and typically lower interest rates than credit cards, term loans give you ample time to generate a return on your investment before you have to pay your loan off.

Flexible Financing for Your Business

Business term loans allow borrowers to pursue large-scale growth strategies while paying for the initiative over the life of the loan. Whether you are looking to tackle the next part of your business plan, open a new location, purchase/rent new equipment, expand into new markets, grow your team, or launch a new product, term loans can help you reach your next phase of growth.

Longer-term loans are best for planned business expansion and growth goals. Similar to buying a house or getting a college education, many business initiatives take time to gain a return on investment. The lower monthly repayment amounts of long-term loans can give your business the margin it needs to maintain positive cash flow.

Quick Application

Applying is quick and simple and remittances are automatically debited from your account at a fixed rate each month, giving you the peace of mind that your remittances will stay consistent.stent.

Flexible Funding

Because your monthly revenue may fluctuate, we give you the option to request an adjustment to your remittances to better fit your revenue of that month.

Automatic Remittances

Automatic remittances are based on a factor rate, are gradually debited as a percentage of future credit, and debit card sales. Remittances are automatically deducted from the business bank account that received the funds.

Term Length 12 to 60 Months

Qualifying Criteria

650+ credit score
24+ months in business
$10,000+ average monthly bank deposits

Required Items

Signed one page funding application
3-5 most recent business bank statements
Business tax returns (not all cases)

Advantages

Lower interest rates than many other business funding structures
Cash flow flexibility, as you can allocate your remaining cash for short-term operational expenses and emergencies
Long term payment structures ranging from 12 to 60 months
The interest is tax deductible

Disadvantages

Keeping up with fixed payments can be difficult for businesses that experience seasonality or fluctuation
Better suited for long-term projects rather than quick wins and cash flow stabilization
Can be more difficult to qualify for

Why Choose Us?

Unlike traditional banks and other alternative lenders, at Finance SMB, we truly value your business. Your success is most important to us, so we will never over-leverage your business by offering you more funding than you can handle. Our simple application and quick approval process makes it easy for you to get the working capital your business needs, and our experienced funding consultants will walk with you every step of the way.

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