Business Term Loan

A fixed sum on a fixed monthly schedule

A term loan is genuine borrowing: principal advanced, interest charged, an amortisation schedule attached. It suits spending that pays back over years rather than months — a second location, a fit-out, an acquisition of a competitor’s book. The monthly payment does not move, which makes it easy to budget against and unforgiving if a season goes badly.

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$25,000 – $500,000Loan amount
12 – 60 monthsTerm
Decision in one to two business days, funded in three to fiveFunding speed

A second location being fitted out ahead of opening

Terms

Every number on this product, in one place

Loan amount: $25,000 – $500,000
Cost: An interest rate, quoted with the full repayment schedule
Repayment: One fixed payment each month by ACH
Term: 12 to 60 months
Decision: One to two business days
Funding: Three to five business days after signing

In practice

Where an advance earns back what it costs

Established businesses making a considered investment with a payback measured in years.

The payment is identical every month, which makes forecasting straightforward.
Longer terms carry a lower monthly figure and a higher total cost; we show you both.
There is no penalty for settling the balance early — you stop paying interest from that date.
Underwriting weighs profitability and time in business more heavily here than on an advance.
Amounts above $250,000 usually need a current profit-and-loss statement alongside the bank statements.

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Two small-business owners standing together behind their counter

Eligibility

Whether this is worth the rest of your morning

Time in business: 6 months or moreCounted from the day the business began trading, not the day the entity was filed.
Monthly revenue: $15,000 or moreGross deposits into the business account. Consistency across four months counts for more here than one unusually strong month.
Business bank account: RequiredIt must be open, active, and held in the trading entity’s own name — a personal account will not do.
Personal credit score: 550 or aboveWe review credit and we publish the floor so nobody wastes a week finding out. Above 550 it is one input among several, and deposit consistency is what carries the decision.
Location: United StatesWe fund entities formed and operating inside the United States. We fund in all fifty states from our office on Water Street.

Clearing all five is what gets the file read properly. It is not an offer — we turn business away every week, and would rather do it in an hour than in a fortnight. We do not fund gambling, adult entertainment, firearms dealing, cannabis at any point in the supply chain, or any activity unlawful under federal or state law.

Detail

Specific questions about the advance

How is this different from an advance?

A term loan lends you money and charges interest on the outstanding balance; the payment is a fixed monthly amount due on a fixed date whether trading is strong or weak. An advance buys receivables at a discount and collects a share of what arrives. The loan is cheaper over its life; the advance flexes with your sales.

Do you take collateral?

Most term loans in this range are unsecured against specific assets but carry a general lien on business assets and a personal guarantee from the majority owner. If a specific asset is being financed, equipment financing is usually the better structure.

An advance is not a loan — so what is it?

No, and the distinction is legal rather than a matter of marketing. The transaction is a sale. A stated dollar amount of receivables you have not yet collected passes to us, we pay a discounted price for it today, and we recover the stated amount out of settlements as they land. Because nothing was lent, the agreement has no rate attached to it, no APR and no due date — those are features of debt, and this is not debt. Anyone selling an advance while calling it a loan either does not understand the product or is relying on you not to.

How does a factor rate work?

Multiply once and you are finished. An $80,000 advance at 1.28 means we buy $102,400 of your receivables, and the $22,400 sitting between those two figures is what the money costs you — all of it, with nothing else added anywhere. That gap does not respond to time. Deliver in six months or in eleven and it is still $22,400, which is precisely the opposite of how interest behaves on a balance you are carrying. You can work the total out on the back of an envelope before you sign, and the envelope will be right.

How much does my credit actually count for here?

The floor is 550, and we publish it rather than making you find out after you have sent four months of statements. Below 550 we cannot fund an advance and we will say so on the first call. Above it, credit is one factor among several and seldom the deciding one — the bank account decides it. We do pull credit during underwriting, so nobody should be surprised when it happens.

Other structures

If an advance is the wrong shape for this

A term loan, a revolving line, equipment paper, an SBA file or factoring may cost you considerably less. We fund all six, so there is nothing in it for us to push you toward the expensive one.