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Loan Terms

Best for established businesses with at least one year of operating history that need a predictable lump sum of capital with fixed monthly payments.

About Loan Terms

We offer flexible loan terms with competitive interest rates 6- 7%. Our repayment terms range from 6 months to 10 years, with a 30-year amortization period. The procedure for a Loan typically involves:

  • Kindly submit your project summary for review within 1-2 days.
  • Application and approval.
  • Loan documentation.
  • Closing and funding closing times vary, but here's a rough estimate: 3-7 days for closing after approval.

Loan Requirement:

  • 1. Executive project summary or Business plan
  • 2. A valid government issued Identification Card (Driver’s License or International Passport).
  • 3. A copy of recent Utility Bills.

Collateral: We’re good with the investment property securing the principal. Any other collateral options you want us to consider instead?

How It Works

  1. 1Submit your application with business financials including bank statements, tax returns, and a profit-and-loss statement so we can evaluate your revenue and repayment capacity.
  2. 2Our team reviews your application and matches you with lenders whose programs align with your credit profile, industry, time in business, and funding needs.
  3. 3You receive one or more term loan offers detailing the loan amount, interest rate, monthly payment, term length, and any associated fees.
  4. 4Once you accept an offer, the lender completes final verification, and funds are deposited directly into your business bank account, typically within 24 to 72 hours.
  5. 5You make fixed monthly payments over the agreed term until the loan is fully repaid, with no prepayment penalties in most programs.

Who Qualifies

  • Minimum 1 year in business (2+ years preferred for the best rates)
  • Annual revenue of $100,000 or more
  • Personal credit score of 650 or higher (680+ for optimal terms)
  • No active bankruptcies; prior discharged bankruptcies considered on a case-by-case basis
  • Positive cash flow demonstrated through business bank statements
  • Willingness to provide a personal guarantee (required by most lenders)

Pros & Cons

Advantages

+Fixed monthly payments make budgeting predictable and manageable
+Lower interest rates compared to merchant cash advances and daily-debit products
+Lump-sum funding lets you act quickly on business opportunities
+No prepayment penalty in most programs, so you can pay off early and save on interest

Considerations

-Requires more documentation than alternative products like MCAs or lines of credit
-Most lenders require at least 1 to 2 years in business to qualify
-Personal guarantee is typically required, putting personal assets at risk in case of default
-Funds are received as a lump sum, so you pay interest on the full amount from day one

Ready to Apply for Term Loans?

Fill out the application below and a funding advisor will reach out within 1 business day.

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Program Highlights

Fixed monthly payments
1 - 5 year terms
Competitive rates
No prepayment penalty

Required Documents

Have these ready to speed up your approval:

-6 months business bank statements
-Business tax returns (2 years)
-Personal tax returns (2 years)
-Year-to-date profit & loss statement
-Year-to-date balance sheet
-Business debt schedule
-Driver's license
-Voided business check
-Business license

Typical Timeline

24-72 hours

Timeline begins after all required documents are received and verified.

Need Help?

Talk to a funding advisor

(347) 508-5296

Frequently Asked Questions