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TERM LOAN

A LONG TERM LOAN THAT HAS A SPECIFIED REPAYMENT SCHEDULE

how funding works

  • a business with strong credit is provided with a long term loan at our lowest rates
     

  • loan is paid off in monthly increments
     

  • rate range: 7.9% - 24.99%
     

  • loan is paid off over a period of 1-5 years

rates are based on:

  • industry
     

  • the use of funds
     

  • your credit
     

  • overall financial health/profitability of the business

ask yourself

  • are you currently receiving any term loan financing?
     

  • have you successfully paid off any past term loans?
     

  • what do you intend to do with your term loan?

required documents

  • 6 months most recent bank statements
     

  • 2 months most recent years of business tax returns + 1 year personal
     

  • debt schedule
     

  • personal finance statements - upload within last 60 days (balance sheet and P&L for any deal over $800,000)

good to know

  • getting funded for a term loan is a more time-consuming process, usually taking between 2-3 weeks for an approval
     

  • term loans offer the most generous loan rates available
     

  • in the event that you do not qualify for a term loan, we will pin-point the reasons and provide a plan to build you up for an approval down the line

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