Business Term Loans — Predictable Payments, Fixed Terms
Predictable monthly payments with fixed terms. Create a repayment plan that works for your business's unique cash flow with term lengths from 6 to 60 months.
Get Pre-Approved in Minutes
$2M
Max Funding
48 hrs
Funding Speed
95%
Approval Rate
550+
Min. Credit Score
What Is a Business Term Loan?
A business term loan is a traditional form of financing where you receive a lump sum of capital upfront and repay it over a set period with fixed monthly payments. Term loans are ideal for businesses that need predictable payment schedules and have specific funding needs like equipment purchases, expansion, or large projects.
How Does a Business Term Loan Work?
Apply and get approved for a specific loan amount. Receive the full amount as a lump sum. Make fixed monthly payments over the agreed term (6-60 months). Interest rate is fixed at the time of approval. Loan is paid in full at the end of the term.
Benefits of Business Term Loans
Predictable monthly payments for budgeting, lower interest rates than some alternatives, fixed terms with clear payoff date, larger funding amounts available, and builds business credit history.
Who Should Get a Business Term Loan?
A term loan is ideal if you need a specific amount for a defined purpose, prefer predictable monthly payments, have stable monthly revenue to support fixed payments, want to build business credit, or are funding long-term investments like equipment or expansion.
Term Loan Qualifiers
- 6+ months in business
- $15,000+ monthly revenue
- Active business bank account
- Credit score 550+
- US-based business
- Profitable or break-even operations