A business term loan offers a lump sum of capital that you repay in scheduled installments over a set term, making it an excellent option for larger, planned investments such as equipment, vehicles, inventory, renovations, expansion, or working capital. These small business loans are particularly beneficial for those seeking defined financing options for businesses.
Upon approval, your business receives the full loan amount upfront. You then make predictable payments—often weekly or monthly—plus interest and any applicable fees. Terms, rates, and repayment structures vary based on your business revenue, time in business, credit profile, and lender requirements.
To explore financing options for businesses, complete a quick application with basic business, owner, and financial information. If approved, you’ll receive options to review, including the loan amount, repayment term, payment schedule, rate, and fees.
While requirements may differ, they typically include business revenue, time in business, credit history, and overall financial performance.
