Term loans are a specific type of business loan that provides a lump sum payment to the business with the intent of repayment over a specific period of time.
Use a Term Loan when your business has a big, one-time large investment coming up like purchasing a factory floor, buying heavy equipment, or opening a new branch. The business desires a structured predictable monthly repayment plan over a period of years.
Minimum qualifications:
- Must show 2+ years in business
- $10,000.00 a month gross sales or $120,000.00 per year
- 660 FICO Score
Overview:
- Funding can occur with in 1 to 3 business days
- Monthly Payment Plans Available
- Traditional APR
- No Prepayment Penalties
What We Need From You.
A signed application
Last Four Months of Your Business Bank Statements
Don’t see your industry or business type listed, reach out anyway. We fund all types of businesses, the numbers have to make sense for funds availability.
Questions about this financing or other programs, we are available to answer your questions via our Contact Us page or talk to a person. Business Number: 972-246-8781