Term Loan
A lump sum at a fixed rate, repaid on a schedule you can plan around.
- Amount
- $20,000 – $1,000,000
- Cost
- From 6%
The six, in full
Term Loan
A lump sum at a fixed rate, repaid on a schedule you can plan around.
- Amount
- $20,000 – $1,000,000
- Term
- 1 – 2 years
- Cost
- From 6%
- Funded in
- Within 24 hours
Term loan
What it is
A term loan is one sum of capital repaid at a fixed rate over a fixed period. The rate does not move, so the payment does not move, and the total cost is knowable before you sign anything.
Most owners use it for a capital investment — a second site, a large order, a piece of the business they have been meaning to buy. It is the plainest of the six and usually the cheapest, which is why it is worth ruling out first rather than last.
- When it is the wrong answer
- Interest runs on the whole sum from day one. If the need might turn out smaller than you think, a line of credit costs less for the same flexibility.
What it gives you
When it is the right one
- Fixed rate, so the repayment never moves
- No restriction on what the capital is used for
- Nothing pledged for this programme
- No out-of-pocket fees
Apply
Six screens, about fifteen minutes.
About fifteen minutes, across six screens. One application reaches 80+ lenders, costs nothing, commits nothing and leaves no mark on the owner's credit score.
Rather talk to somebody first? (844) 527-3391.
The six, in full
Where it sits among the six
Short-Term Business Loan
The same instrument on a shorter runway, for something that pays itself back quickly.
- Amount
- $10,000 – $1,000,000
- Cost
- From 6%
Equipment Financing
The longest term here, tied to the thing it buys.
- Amount
- Up to $250,000
- Cost
- From 8%
Working Capital
Funding for the running of the business rather than for a purchase.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Business Line of Credit
A facility that costs nothing until the week it earns its keep.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Business Cash Advance
A sum against future receivables, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Cost
- 10% – 35% factor
The cash advance is priced as a factor and the other five as a rate. A factor of 1.2 on $100,000 is $120,000 to repay whether it clears in six months or eighteen; settling it early does not reduce it. Interest falls when the balance falls. Putting a factor beside a rate compares two different things.