Business Term Loans
Traditional term loans for business expansion, working capital, equipment purchases, and other operational needs with predictable payments.
Business term loans provide a lump sum of capital with fixed or variable interest rates and regular monthly payments over a set period. These loans are ideal for business owners who need predictable financing for growth, expansion, equipment purchases, or other significant business investments.
Key Benefits of Business Term Loans
Predictable Payments
Fixed monthly payments make budgeting easy and help you plan for the future with confidence.
Build Business Credit
Establish and strengthen your business credit history with on-time payments on your term loan.
Flexible Use of Funds
Use loan proceeds for any legitimate business purpose including expansion, inventory, or debt consolidation.
Competitive Rates
Access favorable interest rates based on your business's financial strength and credit profile.
Common Uses for Business Term Loans:
- Business expansion and opening new locations
- Purchasing equipment, vehicles, or machinery
- Hiring additional staff and increasing payroll
- Inventory purchases and stocking seasonal goods
- Marketing campaigns and business development initiatives
- Debt consolidation to improve cash flow
Business term loans typically range from $25,000 to $500,000+ with repayment terms of 1 to 10 years. Qualification is based on business revenue, credit history, time in business, and debt-to-income ratios. Most lenders require at least 2 years in business and $250,000+ in annual revenue.