Financing / Term loans
Term loans
A lump sum repaid on a fixed schedule. Planned investments: hiring, expansion, a big inventory buy.
| Amounts | $10,000 to $500,000 |
|---|---|
| Terms | About 6 to 36 months |
| Payments | Fixed, daily, weekly or monthly |
| Time in business | Usually 1 year or more |
| Revenue | Usually $100,000+ per year |
| Personal credit | Usually 600 to 650+ |
| Priced as | APR |
How it works
You receive the full amount up front and repay it, plus interest, in equal payments over a set term. Because the payment is fixed, it is easy to plan around.
Online term loans are priced with an APR, so you can compare them directly with each other and with a bank loan.
A good fit when
- You know exactly what the money is for and what it should return.
- Your revenue is steady enough to carry a fixed payment.
- You have at least a year of business bank statements.
What to watch for
- Some lenders charge an origination fee that comes out of the amount you receive. We show it in the offer.
- Ask whether paying early saves you interest. On some products it does not.
Guidelines vary by funder and change over time. Meeting them does not guarantee approval, and some funders approve outside them. We'll tell you where your business stands after we review your application.
Other options
- Lines of creditA credit limit you draw from as needed.
- Merchant cash advanceAn advance against your future sales.
- Revenue-based financingPayments that rise and fall with your revenue.
- Invoice factoringCash now for invoices your customers will pay later.
- Equipment financingFinancing for the equipment itself.
Fuel for what's next.
One application, multiple funders, and every offer explained in plain numbers. Applying is free, and there are never upfront fees.