Overview
What a business term loan is
A business term loan is a loan: a lender advances a set amount of capital, and the business repays it over an agreed period according to a payment schedule defined in the loan agreement.
Because payments and duration are defined up front, term loans are generally used for investments with a longer payback period rather than temporary cash-flow needs.
Amounts, terms, payment frequency, and pricing vary by lender and are determined through underwriting. [INSERT AVAILABLE TERM LENGTHS AND AMOUNT RANGES ONCE CONFIRMED]
Who it's designed for
- Established businesses with consistent revenue history
- Companies making a defined, planned investment
- Borrowers with stronger credit and financial documentation
- Businesses that prefer fixed, scheduled payments
Common uses
- Expansion and new locations
- Equipment purchases
- Business acquisitions
- Buildout and renovations
- Larger inventory commitments
- Refinancing shorter-term obligations where eligible
Structure
How it works
- 01
Submit a business financing application with basic company information.
- 02
Provide supporting documentation such as bank statements, financials, or tax returns.
- 03
Underwriting reviews the business profile, cash flow, and credit.
- 04
If approved, review the offered amount, term, payment schedule, and total cost.
- 05
Complete closing requirements and receive funding under the executed agreement.
Considerations
Potential benefits
- Defined repayment schedule for budgeting and planning
- Longer repayment periods than short-term working capital products
- Often larger available amounts for qualified businesses
- A clear payoff date rather than an open-ended obligation
- May support building a documented financing history
Potential benefits depend on the program, underwriting outcome, and the terms of the executed agreement. Nothing here is a guarantee of approval, pricing, or results.
Qualification
What qualification may depend on
- Time in business
- Annual and monthly revenue
- Cash flow and debt service capacity
- Business and personal credit profile
- Industry
- Existing financing obligations
- Collateral or personal guarantee where required by the program
Documentation
Documents that may be requested
- Business financing application
- Business bank statements
- Business tax returns
- Financial statements (P&L, balance sheet)
- Driver's license or other identification
- Voided business check
- Existing financing balances and payment schedules
Process
How it works
Four steps from application to a financing decision you actually understand.
Apply
Complete a short business financing application and provide basic information about your company.
Review
A financing specialist reviews your business profile, financing needs, and available documentation.
Compare Options
If eligible, review financing structures available based on your business profile and objectives.
Choose Your Financing
Select the option that makes the most sense for your business and complete the required closing process.
[COMPLIANCE PLACEHOLDER] Applying does not obligate you to accept an offer — display only if consistent with company policy.
FAQ
Questions about this program
Find out what financing options are available to your business
Tell us a little about your business and financing goals. Our team can review your information and discuss available options.
[COMPLIANCE PLACEHOLDER] No obligation to accept financing.