Business term loans with fixed, predictable payments
A set amount, repaid in equal payments over a fixed term. Best for planned investments: expansion, equipment, an acquisition, or refinancing more expensive debt.
How it works
A term loan gives you the full amount upfront. You repay it in fixed installments over an agreed term, so you know exactly what leaves the account and when.
Longer terms and the lowest rates go to businesses with the strongest numbers: steady revenue, a few years of history and healthy cash flow. Your advisor tells you what’s realistic for your profile before anything is submitted.
What owners use it for
- Opening a new location or expanding a facility
- Buying equipment or vehicles
- Acquiring a competitor or a co-owner’s share
- Refinancing shorter, more expensive debt
- Hiring ahead of a large contract
- Upgrading systems or technology
Who it fits
- $50,000 or more in average monthly revenue
- At least one year in business; longer terms usually need two or more
- Steady deposits and manageable existing debt
- Any industry considered
How to apply
Check your eligibility
Amount, monthly revenue, time in business. About 60 seconds, soft pull only.
Send your last four bank statements
Through the secure application. No tax returns or business plan for the first review.
Review your offer and choose
Your advisor sends your offer in writing, with the total cost. Nothing is signed until you decide.
Things to know before you choose
- The lowest rates and longest terms are the best available, not standard: your offer depends on your numbers.
- A longer term lowers each payment but can raise the total cost. Your advisor shows both.
- Ask whether paying early saves interest. Some structures discount early payoff, others don’t.
- A full credit check is usually part of underwriting once you choose to move forward with an offer.
Business term loans: questions owners ask
What rate will I get?
Rates start as low as 6% APR for the strongest profiles. Your rate depends on your revenue, time in business and credit. Your offer shows its APR and total cost in writing.
How long can the term be?
Up to 10 years for the strongest profiles. Most working-capital-style term loans are shorter; your advisor matches the term to what the money is for.
Weekly or monthly payments?
Both exist. Monthly payments are common on longer terms; weekly on shorter ones. Your advisor matches the schedule to your cash flow.
Does applying affect my credit?
Checking your options is a soft pull and doesn’t affect your credit score. A full credit check may be run only after you choose to move forward with an offer.