What is a term business loan?
A term business loan provides a lump sum repaid in fixed monthly installments over a set period — typically 12 to 60 months. Unlike merchant cash advances, payments don't fluctuate with daily deposits, making cash flow planning easier.
Common uses for term loans
- Business expansion or second location build-out
- Equipment and fleet purchases
- Debt consolidation at better rates
- Acquisition financing
- Major marketing or rebranding campaigns
Who qualifies for term loans?
Term products generally require 1+ years in business, 650+ FICO, and consistent profitability on bank statements. We also offer alternative programs when credit is challenged but revenue is strong.