Predictable payments for planned growth
Business Term Loans
A business term loan provides a lump sum that is repaid over a defined period. It can be a strong fit for established businesses that want predictable payments and a longer runway for expansion or major purchases.
All repayment options, terms, pricing and funding amounts are 100% based on approval.
Use cases
When this option may fit
- Expansion and renovations
- Large inventory purchases
- Hiring and growth
- Refinancing eligible business obligations
Process
How it works
- 1Underwriting reviews revenue, profitability, credit, time in business and existing obligations.
- 2Approved funds are delivered as a lump sum for business use.
- 3The balance is repaid over the approved term using the offered payment schedule.
Prepare
What you may need
- Completed application
- Six most recent business bank statements
- Government-issued ID
- Additional financials for larger requests
Quick first step
See your potential pre-approved range.
Answer a few questions. Your result is an estimate and does not require an SSN or bank login.
Get pre-approved