Term Loan for small business.
A term loan is larger lump-sum funding with structured monthly repayment, built for established operators investing in expansion, acquisition, or major equipment.
How a term loan works
You apply with business tax returns and a use-of-funds summary. Underwriting reviews revenue, profitability, leverage, and the owner's personal credit. If approved, you receive an offer document with the full cost, rate, payment schedule, and any covenants in writing.
How this product is structured
The written offer and financing contract contain the economic terms that apply to this structure — including the total repayment where the structure establishes one — before you commit.
Typical profile
- At least 2 years in business
- $100,000+ in monthly revenue
- Business and personal tax returns (2 years)
- Use-of-funds summary
Requirements vary by product, provider, and overall business profile.
What shapes your terms
No single number decides an offer. Underwriting weighs how these factors combine on your file:
- Revenue level and deposit consistency
- Time in business and industry
- Existing obligations and payment history
- Collateral or guarantees, where the structure uses them
- Documentation completeness and overall file quality
- The structure itself — pricing mechanics differ by product
Who a term loan fits
Term loans fit established operators making a meaningful, planned investment — opening a new location, acquiring a competitor, replacing major equipment, or refinancing higher-cost obligations.