$10,000 – $1,000,000 · Funded in 1–2 days
Term Loan
One sum at a fixed rate, for a move you can already put a price on.
- Funding amount
- $10,000 – $1,000,000
- Term
- Up to 24 months
- Rate
- From 6%
- Funded in
- 1–2 days
What makes it different
The lowest cost here for a large sum, and the payment never moves.
A term loan hands over a defined amount and takes it back on a fixed schedule at a fixed rate. Nothing about the payment moves, so the cost is arithmetic rather than a forecast, and it can be set against what the money is supposed to earn before you commit to it.
It is the shape to use for a second location, a refit, a large order, or clearing something more expensive that is already on the books. For a business with a workable credit file it is the cheapest money on this site.
What it gives you
Why a business takes this one
- Fixed rate, fixed payment
- Nothing pledged against it
- No restriction on what it is spent on
- No fee to apply
The application
Send one application
Six steps and a few minutes. No fee, no obligation, and no hard credit check to see what you qualify for.
Rather talk to somebody first? (877) 206-6060.
Start here
What is the money for?
Three answers cover almost everyone. Follow yours down to the one or two products worth reading about, and skip the other four.
A gap to cover
Money is going out before it comes in — payroll, rent, stock, a slow month, an invoice that has not been paid yet.
Something specific to buy
There is a price on it already: a machine, a vehicle, a fit-out, a second site, a large order of stock.
Room to move, before you need it
Nothing is wrong today. You want a limit sitting there for the month something goes wrong, or goes right, without reapplying.