From 5.5% · $20K – $1M
Term Loan
One sum, one fixed rate, one payment that does not move for up to three years.
- Rate
- From 5.5%
- Amount
- $20K – $1M
- Term
- 12 – 36 months
- Funded in
- 1–2 days
Term loan
How term loan works
A term loan hands over a defined amount and takes it back monthly on a schedule fixed at signing. Because nothing about the payment moves, what it costs over three years is arithmetic you can do before committing rather than a figure you discover afterwards.
It is the right instrument for a move with a price already attached: a second site, a refit, a large order, a hire, or clearing something dearer already on the books. Nothing is pledged against it.
What it gives you
Why a business takes this one
- Fixed rate, fixed monthly payment
- Terms out to three years
- Nothing pledged against it
- No restriction on what it funds
The application
Apply
About two minutes, no fee, no obligation, and no mark on the owner's credit score for asking.
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The rate card
Its price beside the other five
| Program | Rate | Amount | Term | Funded in |
|---|---|---|---|---|
| Line of credit | From 4.5% | Up to $1M | 6 months – 3 years | 1–2 days |
| Working capital | From 4.5% | Up to $1M | Daily or weekly ACH | 1–2 days |
| Term loan | From 5.5% | $20K – $1M | 12 – 36 months | 1–2 days |
| Short-term loan | From 6% | $10K – $1M | Up to 24 months | 1–2 days |
| Equipment financing | From 8% | Up to $250K | 1 – 5 years | 1–2 days |
| Cash advance | 10% – 35% factor | $5K – $500K | Daily or weekly ACH | 24–48 hours |
A factor rate is not an interest rate and the two cannot be compared by putting the numbers side by side. A factor of 10% on $100,000 is $110,000 to repay whether it takes six months or eighteen — paying it off early does not make it cheaper. Interest does fall if the balance does.