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Business Term Loans

Fixed-rate financing with predictable monthly payments. Borrow a lump sum and repay over a set schedule, ideal for planned investments and business growth.

See What I Qualify For  →

No credit impact · Takes less than 2 minutes · Free to apply

$10k–$500k
Funding Amount
8–30%
APR Range
1–5 yrs
Loan Term
1–5 days
Time to Fund
What Is It?

Predictable financing for planned business investments

A business term loan provides a fixed lump sum of capital that you repay over a set period with fixed monthly payments. The interest rate is established upfront, so you always know exactly what you owe each month.

Term loans are one of the most widely used forms of business financing. They work best for planned, high-value investments like buying inventory, expanding your location, hiring staff, or upgrading equipment, where you know how much you need and have a clear plan for using it.

Unlike a Merchant Cash Advance, a term loan is a true loan product with a formal interest rate (APR). This typically means a lower overall cost of capital for businesses that qualify.

Apply once and receive real competing offers: rate, term, and monthly payment side by side, so you can choose what actually works for your business without submitting multiple applications.

Quick Facts

Funding Range
$10,000 – $500,000
Interest Rate
8% – 30% APR
Repayment
Fixed monthly payments
Loan Term
3 months – 5 years
Time to Fund
1 – 5 business days
Credit Score
550+ preferred
Time in Business
6+ months

How It Works

One application gets you real competing offers you can compare and choose from.

STEP 1

Apply in Minutes

Share your business details: revenue, time in business, and how much you need. A soft credit check is used to find your best available options. No hard pull, no obligation.

STEP 2

Receive Competing Offers

You receive pre-approved offers with rates, terms, and monthly payments spelled out. Compare them side by side and choose the one that works best for your business.

STEP 3

Sign & Get Funded

Complete the lender’s final application, sign your agreement, and receive funds deposited directly to your business account, typically within 1–5 business days.

Who Qualifies?

Business term loans have more requirements than MCAs, but offer lower costs and higher amounts.

Pros & Cons

Business term loans offer lower rates and predictable payments, though qualification requirements are slightly stricter.

Advantages

  • Lower cost; 8%–30% APR is significantly cheaper than MCA factor rates
  • Fixed, predictable monthly payments that are easy to budget around
  • Longer repayment terms, spreading payments over 1–5 years
  • Higher loan amounts, up to $500,000 for qualifying businesses
  • Builds business credit; on-time payments are reported to credit bureaus
  • No restriction on use; spend funds on any legitimate business need

Considerations

  • Stricter qualification; higher credit score and longer business history required compared to an MCA
  • May require collateral; some lenders ask for a personal guarantee or business assets
  • Slower approval, typically 1–5 business days versus same-day for MCAs
  • Fixed payments that don’t scale down during slow periods, unlike MCAs
  • Prepayment penalties apply with some lenders if you pay off early

Not ready to apply yet? We're happy to call you back.

See the term loan rates your business qualifies for

Takes 2 minutes. No credit impact. No cost to apply. Get real competing offers and choose the rate and term that works best for you.

See What I Qualify For  →