Term Loans

A term loan is a business financing solution secured by the company’s credit and/or business assets and repaid through regular payments over a set period of time. Term loans typically feature fixed interest rates and are repaid over several years. A term loan may be the right option for your business if you are expanding operations, consolidating debt, or looking for a fixed monthly payment to help manage cash flow.

Qualification Requirements

To qualify, you will typically need:

At least 6 months in business
A credit score of 600 or higher
Minimum monthly revenue of $10,000

How to Get Started 

To begin the application process, please provide:

• A completed application
• At least 4 to 6 months of recent bank statements (preferred)
• Credit card processing statements, if applicable
• Two years of business tax returns, if available (preferred)

Loan Details

• Loan amounts from $5,000 to $500,000
• Term lengths typically ranging from 12 months to 10 years
• Decisions may be made within 24 hours, with funding potentially available as soon as the next business day