How term loans work
Receive a one-time lump sum, then pay it back over a set term with fixed daily, weekly, or monthly payments. Term loans are ideal for one-time investments — like expansion, equipment, inventory, or buyouts — where you know exactly how much you need.
- Funding from $5,000 to $750,000
- Terms from 3 to 24 months
- Fixed, predictable payments
- Funds in your account within 24 hours
- No collateral required for most deals
You'll need
- • 6+ months time in business
- • $15,000+ in monthly revenue
- • 500+ credit score
- • 3 most recent business bank statements