● Funded Amount up to $10 million
● Terms up to 5 years
● Interest As low as 8%
● Funding Timeline 1-7 days after approval

What do you need to qualify?

● Annual Revenue $200,000+
● Fico 600+
● Time in Business 1 year

What is it?

A business term loan functions much like a regular business bank loan. You get approved for a certain amount and you are given a specified term to repay the loan. Terms typically range from 1 to 5 years and rates vary depending on the application. Payment schedules can be weekly, bi-weekly or monthly. This is a great option to fund your business, invest into research and development or simply to cover payroll.

What are the benefits?

A term loan is one of the best options for businesses in today’s economy. Term loans offer longer terms than your traditional fast business loan. The rates are also much more favorable. These loans can go up to as much as $5 million.

How can I qualify?

Term loans are not as difficult to qualify for as opposed to the traditional bank loan. To get approved, your business has to be over a year old and it must generate over $200k in revenue annually. As a business owner, we expect your fico to be over 600. Approvals take about 24 hours and you can expect to receive funds within 3 days after applying! With that said, we have approved businesses that do not meet, at least, one or all of these requirements. There are a myriad of factors that we consider during our underwriting process. We understand that every business is different. Thus, approvals vary case by case in light of that fact. Our underwriting process transformed drastically over the years and it is far less rigid than it used to be. We will try to be as flexible as possible to accommodate your needs the best we can.