Term Loan

Term loans are a common form of business financing. Under this structure, you would receive a lump some of cash upfront to invest in your business and repay with interest over a predetermined time period. These loan types are a good fit for businesses looking to expand that have good credit and strong business revenue. These loan types are typically funded within 2 days to a week.

Positives:

  • Borrower receives a lump sum of cash into their business
  • Amounts are larger versus other funding types
  • Loans typically close in as little as 2 to 7 days

Negatives:

  • The terms of the loan may require collateral

Good fit for:

  • Business owners looking for growth capital
  • Owners with good credit and consistent business who need funding in short amount of time
Bakery owner in kitchen of bakery holding twoo thumbs up

Get the Financing You Need
To Grow Your Business

Let us help you take your business to the next level. Great Percent Finance understands the challenges that small and medium-sized businesses face when it comes to securing business funding. Schedule a free, no-obligation consultation, and let us help secure the capital you need to meet your business goals and grow your business.