How term loans work
You borrow a lump sum, anywhere from $25,000 to $1 million with the lenders we work with, and repay it in regular instalments. The payment is fixed and knowable, which means you can test it against your monthly cash flow before you sign anything. That predictability is most of the appeal.
They also move fast. With a complete file, the lenders we work with can fund in as little as 48 hours. That speed is why a term loan is often the answer when an opportunity has a deadline an SBA file could never meet.
The other reason owners land here is range. Inventory, a buildout, vehicles, a one-off project: if you can name the cost, a term loan can usually cover it.
At a glance
- Amount
- $25K – $1M
- Funded in
- As few as 48 hours
- Term
- 1 – 5 years
Common uses: Inventory · Property & buildout · Vehicles & fleet
Ranges are typical for this product type and are not an offer of credit — your options depend on your business profile.
What businesses use term loans for
Buildouts and renovations
A known project cost, financed over a term that roughly matches how long the improvement keeps earning.
Inventory and bulk buys
Buying at volume pricing or stocking ahead of a busy season, then repaying out of what that inventory sells for.
Vehicles and one-time investments
Fleet additions, a relocation, the piece of the business you have been putting off for two years.
Where it's strong — and what to weigh
No product suits every business. If this one doesn't fit yours, an advisor will say so and point at what does.
Where it's strong
- Fast. As few as 48 hours with a complete file
- A fixed payment you can test against cash flow before signing
- Works for almost any business purpose
- Most lenders we work with set no fixed credit-score gate
Worth weighing
- Repayment starts right away, before the project earns anything
- Shorter terms than SBA, so the same amount means a bigger payment
- Early-payoff terms vary by lender. We will flag them before you sign
- A recurring or unpredictable need belongs on a line of credit instead
- 1+year in business
- We fund established businesses with consistent revenue.
- 50states
- Available to businesses across the United States.
- 48hours
- A real first answer, not an acknowledgement.
- 1advisor
- The same person from your first conversation through funding.
Term Loans: common questions
What business owners ask us most about it. See all questions.
How fast can a term loan fund?
As few as 48 hours once the file is complete. What actually slows things down is missing documents, so your advisor gives you the full list on the first call rather than drip-feeding requests.
How much can my business borrow?
The lenders we work with fund term loans from $25,000 to $1 million. Where you land comes down to revenue, time in business, and what the money is for.
Is the payment fixed?
The schedule is fixed once you sign. Structure and pricing vary by lender and by offer, and your advisor walks you through the exact payment and total cost of anything before you accept it.
Should I take a term loan or a line of credit?
Name the cost. If it is a one-time expense with a number attached, a term loan usually prices better. If it is a recurring or unpredictable need, like covering payroll between invoices, a revolving line fits better.
Find out where your business stands.
Six quick questions, no effect on your credit, and a real answer from an advisor within 48 hours.
