You know your business best, and term loans let you put your money to work where you see fit.
Term Loans provide a business with a fixed amount of money for a fixed amount of time, with a preset repayment schedule. These loans are generally provided by banks and speciality finance companies. They have lower interest rates, stricter qualifications, and can also be collateralized depending on the circumstances.
Most businesses can receive between a 0.75% - 2.25% interest rate per month based on the total term length.
-540+ Credit Score
-1+ Years in Business
-100K+ Yearly Revenue
Businesses like term loans because the qualifications are easier and the approvals are faster than credit lines. Additionally the interest rates and payment terms are generally better than those of a cash advance. Term loans are easier to qualify with collateral or business assets.
Our team's here to explore the best options, answer any questions, and pre-qualify your business for financing.
Our application takes less than 5 minutes to complete. We approve most businesses in 24 hours or less.
Once your application is approved and your contract signed, we'll transfer you cash the following day - It's that simple.
