Financing
Business Term Loans
A fixed amount of financing repaid over a set schedule, typically used for defined projects or investments.
What is business term loans?
A business term loan provides a set amount of financing repaid over a defined term on a scheduled basis. Because the amount and schedule are known up front, term financing is frequently used for planned, one-time investments.
What it is commonly used for
- Expansion into a new location or market
- Build-outs, renovations and facility improvements
- Consolidating existing business obligations
- Large planned projects with a defined budget
Who it may fit
Businesses with a specific, budgeted use of funds and predictable revenue to support scheduled repayment.
Factors that may affect eligibility
- Requested amount relative to business revenue
- Business and ownership financial profile
- Intended use of the financing
What information is typically needed
Generally, basic business details such as legal business name, industry, time in business, approximate annual revenue, the amount of financing you are seeking and how you intend to use it. A financing source may request additional documentation during its own review.
What happens after you submit a request
Your financing request is reviewed and, where appropriate, may be matched with or referred to a financing source. That source conducts its own qualification process and communicates available options, terms and next steps. Submitting a request does not guarantee an offer or approval, and all financing is subject to applicable qualification criteria.
Questions to ask before choosing a financing option
- What information is typically needed?
- Generally, basic business details such as legal business name, industry, time in business, approximate annual revenue, the amount of financing you are seeking and how you intend to use it. Financing sources may request additional documentation during their review.
- What factors may affect eligibility?
- Requirements vary by financing source and product, but commonly considered factors include time in business, revenue, the intended use of financing, business and ownership credit profile, and the type of financing requested.
- What happens after I submit a financing request?
- Your request is reviewed and, where appropriate, may be matched with or referred to a financing source for further evaluation. That source conducts its own qualification process and communicates available options, terms and next steps.
- Does submitting a request guarantee financing?
- No. Submitting a request does not guarantee an offer or approval. All financing is subject to review and the qualification criteria of the applicable financing source.
Ready to Explore Your Financing Options?
Tell us what your business needs and get started with a simple financing request.