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
OUR THREE STEPS TO GETTING THE BUSINESS FUNDING YOU NEED IS SIMPLE...
Apply for Funding
Tell us about your business by completing an easy online application. There is no fee or obligation.
Fast Approval
A business funding specialist will contact you to get any additional information needed for approval.
Get Funded
Get the capital you need in as little as 48 to 72 hours so you can get back to focusing on your business.
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