Term Loans
You know the number. We get it wired.
A lump sum, a fixed schedule, and a close measured in days — the workhorse of business finance, underwritten on your cash flow rather than your collateral. When there's a deal on the table or a deadline on the calendar, this is the tool.
- Amounts
- $25K – $1.5M
- Typical rates
- 8.5% – 14%
- Terms
- 1 – 5 years
- Time to fund
- 2 – 5 days
- Cost to apply
- $0
How our term loans work
You receive the full amount up front and repay on a fixed schedule — weekly or monthly — over one to five years. Pricing is a true annual rate, not a "factor rate," so you can compare it against anything else on your desk in thirty seconds. Underwriting leans on business bank deposits and time in business, which is why files move in days.
| Profile | What to expect |
|---|---|
| 2+ years in business, solid deposits | Best pricing, longest terms, highest amounts |
| 1–2 years in business | Approvable; shorter first terms that refinance up after 6–9 months of payments |
| Credit challenges, strong revenue | Revenue-weighted programs; we price both paths and show you the math |
What owners use them for
- Inventory buys ahead of a season or a supplier discount window.
- Bridging receivables on large contracts with slow-paying customers.
- Build-outs and renovations where the landlord's timeline won't wait for an SBA file.
- Refinancing merchant cash advances — replacing daily debits with one predictable payment is our most common rescue job.
- Opportunistic buys: a competitor's book of business, a fleet at auction, a below-market lease.
Term loan vs. SBA: the honest trade
An SBA 7(a) will almost always be cheaper per month — the federal guarantee buys you longer amortization and lower rates. What the term loan buys is time and certainty: days instead of weeks, and far less documentation. Our rule of thumb: if the opportunity costs more than the rate difference, take the term loan; if nothing expires next month, let us run the SBA in parallel and choose at the term-sheet stage. We routinely package both so the decision is yours, with real numbers.
Term loan FAQ
How fast can funds actually land?
Two to five business days is typical from completed application to wire — same week is the norm when bank statements are attached at intake. The single biggest accelerator is uploading three months of statements with your application.
Is there a prepayment penalty?
Most of our term programs carry either none or an interest-rebate structure that rewards early payoff. We flag the prepayment language on every term sheet — it's one of the three numbers we make sure you understand before signing.
Do you require collateral?
Most term loans under $500K are unsecured beyond a standard UCC-1 blanket filing and personal guarantee. No specific assets are pledged, and your home is not collateral on these programs.
What's the real difference from a merchant cash advance?
A term loan has an annual interest rate, a fixed maturity, and amortization — meaning early payoff saves you money. An MCA sells future receivables at a fixed factor, debits daily, and costs the same no matter how fast you repay. If you're holding an MCA now, refinancing into a term loan is often the highest-ROI move available; we'll run the comparison free.
Will you check my credit?
Not at intake. When you have an offer you want to accept, the funding lender runs credit with your written authorization — and on most term programs it's a soft pull until final contracts.