What is a Term Loan?
Short term business loans are a great option for clients that want to finance specific business needs or investment. Most clients use the funds for remodeling their location, starting a large project, expansion, equipment, additional marketing and employees, or various large purchases that can’t be covered with operational cash flow or existing credit lines. With the term loan you get access to a lump sum of cash to use how you see fit within your business. Terms typically range between 6-24 months depending on the funding amount and qualifications of the business. Most programs are repaid in 12 months or less. If you are interested in learning more, contact one of our experienced funding advisors today!
These loan types are a great overall solution for business owners needing funds for their business-related expenses. Depending on the qualifications, loan options can range anywhere as low as 6 months or as high as 18 months. You have the ability to apply for between $5,000 and $1,000,000 (again, approval amounts vary based on qualifications). There are absolutely no obligations to see how much you qualify for, so why wait? Speak to one of our funding advisors today to see what we can do for you.
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