Business Term Lending

A term loan for business is a lump sum of money that you pay back at regular intervals at a fixed interest rate - this is the type of traditional financing most people think of when it comes to small business loans.

The "term" in "term loan" comes from the fixed repayment period, which can range from a few months to several years, depending on the type of loan. Although term loans can vary in length, the term "business loan" is most commonly used for loans with terms of one to five years.

Generally, business owners use the proceeds of term loans to finance specific, one-time investments for their small business, such as property purchases, business expansions, debt refinancing, and more.

Details
Line of Credit Icon 1
MAX LOAN AMOUNT: Up to $600,000
Line of Credit Icon 2
LOAN TERM: One to five years
Line of Credit Icon 3
INTEREST RATES: 7% to 30%
Line of Credit Icon 4
SPEED: As fast as one day
Benefits
Benefits Icon 1
Set payment structure
Benefits Icon 2
Suitable for a wide range of business purposes
Benefits Icon 3
Term loans from online lenders can fund quickly with fewer requirements than traditional lenders
Benefits Icon 4
Can be a great way to finance a larger investment while building business credit
To consider
Potential prepayment penalties
Shorter-term loans can be expensive
Often require collateral or a personal guarantee
Contact us

We are here to achieve good things for you and your company

* I Agree
By providing my phone number & email and clicking the next button, I consent, acknowledge, and agree to Tru Capital's Terms & Conditions, Privacy Policy.
Enter 65237 in the box below to ensure you're not a robot.
Chat Agent Image
James
Online Agent
Chat Now