Term Loan
One lump sum at a fixed rate, with a payment that does not move for up to three years.
- Funding amount
- $20,000 – $1,000,000
- Term
- Up to 36 months
- Cost
- Starting at 5.5%
- Time frame
- 1–2 days
A term loan hands over a defined amount and takes it back monthly on a schedule fixed at signing. Because nothing about the payment moves, what it costs over three years is arithmetic you can do before you commit rather than a figure you discover afterwards.
It is the instrument for a move with a price already attached: a second location, a refit, a large order, a hire, or clearing something dearer that is already on the books. Nothing is pledged against it.
What it gives you
- Fixed rate, fixed monthly payment
- Up to three years to repay
- Nothing pledged against it
- No restriction on what it funds
Apply
About two minutes, no fee, no obligation, and no mark on the owner's credit score for asking.
Rather talk to somebody first? (844) 333-5002, Monday to Friday, 9am – 6pm PT.
The other five, against this one
Every figure side by side, so the comparison does not depend on remembering the last page.
- Term loan$20,000 – $1,000,000Starting at 5.5%
- Line of creditUp to $1,000,000Starting at 4.5%
- Short-term loan$10,000 – $1,000,000Beginning at 6%
- Working capitalUp to $1,000,000Starting at 4.5%
- Equipment financingUp to $250,000As low as 8%
- Cash advance$5,000 – $500,00010% – 35% factor