Business Term Loans

Why Choose a Term Loan?

A ‘Term Loan’ is lump sum capital that may be borrowed over 12 – 60 months.
Term loans are considered a conventional financial vehicle, boasting a traditional amortization schedule and no prepayment penalties.
Business term loans are typically used to purchase equipment, finance projects, or consolidate debt.
Offering fixed rates and extended terms, the term loan is an excellent option for large-scale business needs.

What is a Term Loan?

A term loan provides a borrower with a lump sum up front that is then repaid at regular intervals over a set amount of time, also referred to as the loan term.

Uses for a Business Term Loan?

Business term loans are designed to fulfill a variety of business need. Common use-of-funds consist of:

- Debt Consolidation
- Equipment Financing
- Bridge Loan
- Project Financing

Applying for a Business Term Loan

Traditionally speaking, banks tend to have a labor-intensive process when applying for term loans. The Working Capital Marketplace ensures a simplified and streamlined process to deliver an approval within 48 hours.

What will underwriters use to qualify you for a business term loan?

Business Credit Score
Business Industry Type
Time In Business
Business Bank Statements
Business Financials (IE. Tax return, profit/loss statement, balance sheet)

Fixed Cost of Capital and Payment Frequency

A business term loan has a fixed rate, which means your payments will remain constant over the life of your loan term (12 – 60 months).
The terms enable you to customize your cashflow situation to your financing needs and control your monthly outlay.