Term Loans
See if you Qualify for a Term Loan
Checking for pre-approval will not affect your credit score.
Types of Term Loans
Term loans provide businesses a lump sum of cash to be utilized for strategic objectives.
Fixed-Rate Unsecured Term Loans
Debt-to-income based loans that do not require a lien on assets.
✔ Personal loans up to $250,000
✔ Business loans up to $500,000
✔ Loans based on debt-to-income ratio and verifiable income
✔ Interest rates from 6.99% to 28.99%
✔ 3 - 7 year terms
✔ No prepayment penalties
✔ 640+ minimum FICO
Credit-Based Term Loans
Competitive interest rate loans for applicants with a strong credit profile.
✔ Loans up to $300,000
✔ Interest rates from 5.49% to 14.99%
✔ No minimum time in business
✔ Fixed monthly payment
✔ Full liquidity available immediately
✔ Funds available in 7-15 days
✔ $50,000 or more of taxable income
✔ 730+ minimum FICO
Bank Term Loans
Ideal for businesses that can demonstrate repayment ability from earnings.
✔ Loans from $30,000 to $200,000
✔ Interest rates from 6.99% to 26.99%
✔ 2 - 5 year terms with no prepayment penalty
✔ Fixed monthly payment
✔ Lien on business assets
✔ 2+ years in business
✔ Cash flow to support loan payments
✔ 650+ minimum FICO
Risk-Based Term Loans
Algorithmic-determined loans assessed from a variety of business factors.
✔ Funding amount up to $500,000
✔ Up to 4 year repayment term
✔ Rates are risk-based and determined by likelihood of repayment
✔ Payments made twice per month
✔ No specific collateral required
✔ Personal guarantee
✔ UCC-1 on business assets (a “blanket lien”) for most customers
Real Estate Collateral Term Loans
Leverage commercial real estate assets for large sums and quick funding.
✔ Loans from $200,000 - $6,000,000
✔ Terms from 3 - 48 months
✔ Interest rates range 12 - 18%
✔ Minimum business income $2,000,000
✔ Loans against Real Estate collateral utilizing 100% CLTV
✔ 2nd or 3rd lien position on available equity up to loan amount
✔ Funding timeline in 5-7 business days
✔ 620+ minimum FICO
Ready to see if you qualify for a Term Loan?
Schedule a no-obligation consultation or call us today at 978.417.9325