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Looking for a Term Loan?

We'll find financing for your business so you can focus on running it.

Features

Amount: $25k - $5MM

Interest Rate: 7% - 30%

Term of loan: 1 - 5 years

Time to funding: 1 day - 2 weeks

Requirements

2+ years in business

600+ credit score

$8k+ gross monthly revenue

7+ years without bankruptcy

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What is a Business Term Loan?

A term loan is probably what you think of when you hear the word "loan." A lender provides you with a lump sum of cash, and you pay that back, with interest, over a fixed period of time. While the duration ("term") and interest rate of the loan may vary across different lenders, the basic structure will be the same.

Pros
Flexible use of proceeds
Low rates are often attainable
Long durations allow time to use funds before paying back
Cons
Normally requires collateral
Individuals with low credit scores & startups will not qualify
Potential prepayment penalties

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