Term Loan Programs
Get a lump sum of cash up front to invest in your business and repay with interest over 5-7 years.
AT A GLANCE-
Term Loan Programs
Get a lump sum of cash up front to invest in your business and repay with interest over 5-7 years.
What is this program, and how does it work?
Term loans are a common form of long-term business funding. These loan programs offer fast funding, typically within 2 days to a week. (For even lower rates, see also SBA.)
What kinds of business is this program best for?
• Any business that needs working capital; is also great for professionals (doctors, attorneys, consultants, etc).
• Industries banks consider “high risk,” such as cannabis/CBD, gun shops, religious, non-profit organizations
• Businesses with $10k/mo deposited into a business checking account
The Pro’s
• Programs available for FICOs as low as 580
• Get a lump sum to immediately invest in your business
• Payments typically between 1-2% of the balance approved
• Rates between 4%-5% based on the strength of credit
• Fast closings, often in as little as 2-7 days
• No upfront fees
• All quotes are free
• Speak to a human! US-based customer service
The Con’s
• May require some type of collateral
Typical requirements to get started
• 580+ FICO score
• Loan application