Term Loans
Need Larger Loans With Predictabel Payments?
What Are Business Term Loans?
A business term loan is a traditional lump-sum loan that provides your business with a fixed amount of capital upfront, which you repay over a set period (the "term") with regular monthly or weekly payments. Think of it as the classic business loan structure that's been helping companies grow for decades.
Term loans are ideal for significant business investments and long-term growth initiatives. Whether you're purchasing equipment, expanding your facility, acquiring another business, or making other substantial investments, term loans provide the substantial capital you need with the predictability of fixed payments and competitive interest rates.
Unlike revolving credit lines or merchant cash advances, term loans give you a single disbursement of funds with a predetermined repayment schedule, making budgeting and financial planning straightforward and manageable.
Why Choose Business Term Loans?
Fixed Interest Rates
Lock in your rate at approval. Your payments stay the same throughout the loan term, protecting you from market fluctuations and rate increases.
Predictable Payments
Know exactly what you owe each month. Fixed payment schedules make budgeting simple and eliminate financial surprises.
Larger Loan Amounts
Access $10,000 to $5 million in funding. Term loans provide substantial capital for major business investments and expansion projects.
Longer Repayment Terms
Spread payments over 1 to 10 years. Longer terms mean lower monthly payments, improving your cash flow management.
Lower Total Cost
Term loans typically offer the lowest interest rates among business financing options, especially for established businesses with strong credit.
Build Business Credit
Regular, on-time payments to your term loan help establish and improve your business credit profile for future financing needs.
How TERM LOANS Work
1. Apply Online – Submit a quick application, it only takes a few minutes.
2. Get Pre-Approved – Receive initial approval and loan offers within 24-72 hours. Review rates, terms, and amounts with no obligation.
3. Submit Documentation – Provide financial statements, tax returns, and business documents for final underwriting and approval.
4. Review & Sign – Review your final loan agreement with clear terms and rates. Sign electronically when you're ready to proceed.
5. Receive Funding – Funds are deposited into your business account within 3-7 business days of final approval and signing.
6. Make Payments – Begin your fixed monthly or weekly payments on the schedule outlined in your loan agreement.
BEST USES FOR TERM LoanS
🟢 Equipment Purchase – Buy machinery, vehicles, technology, or equipment that your business needs to operate or expand
🟢 Real Estate Acquisition – Purchase commercial property, warehouses, or office space for your growing business
🟢 Business Expansion – Open new locations, renovate existing facilities, or expand your operations into new markets
🟢 Large Inventory Orders – Stock up on inventory for seasonal demands or take advantage of bulk purchasing discounts
🟢 Business Acquisition – Purchase another business, buy out a partner, or acquire a competitor to grow market share
🟢 Debt Consolidation – Combine multiple high-interest debts into one lower-rate payment to improve cash flow
🟢 Major Renovation – Remodel your storefront, upgrade facilities, or make significant improvements to your business property
🟢 Marketing Campaigns – Fund comprehensive marketing initiatives, rebrand your business, or launch new product lines
🟢 Working Capital Reserve – Build a financial cushion for long-term stability and weather economic uncertainties
Call 805-819-ROCK or tap “Apply Now” to get started
Why Choose Us for Your Term Loan?
Unlike traditional banks that offer only their own products, we work with a network of 30+ business lenders to find you the best term loan for your situation. This means more options, better rates, and higher approval odds. Our experienced specialists analyze your financial situation and match you with lenders most likely to approve you at competitive rates. Whether you have excellent credit seeking the lowest rates or fair credit looking for approval, we have lending partners for your situation. We handle the heavy lifting—comparing offers, negotiating terms, and managing applications across multiple lenders simultaneously. This saves you weeks of research while increasing your chances of securing the best possible terms.
FAST, EASY, RELIABLE
10,000+
Business Served
$2 billion+
Funds Delivered
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Frequently Asked Questions (FAQ)
1. How long does it take to get approved and funded?
Initial approval typically takes 24-72 hours after submitting your application. Once you provide all required documentation, final approval and funding usually occurs within 5-7 business days. SBA loans take longer (4-8 weeks) due to additional government processing requirements.
2. Is collateral always required for term loans?
Not always. Smaller term loans (under $100,000) may be unsecured, especially for businesses with strong credit and revenue. Larger loans typically require collateral such as equipment, real estate, inventory, or other business assets. The collateral requirement depends on loan amount, your qualifications, and lender requirements.
3. Can I pay off my term loan early?
Most of our term loan programs allow early repayment, though some may have prepayment penalties (typically 1-3% of remaining balance if paid off in the first 1-2 years). We clearly disclose any prepayment terms before you sign. Many borrowers refinance to better terms once their business strengthens.
4. What documents do I need to apply?
You'll need: business and personal tax returns (2 years), business bank statements (3-6 months), profit & loss statement, balance sheet, business licenses, and photo ID. For real estate purchases, you'll also need property information. We'll guide you through exactly what's needed for your specific situation.
5. Can startups get term loans?
Traditional term loans typically require at least 2 years in business. However, startups with strong personal credit (720+), significant industry experience, solid business plans, and collateral may qualify for startup term loans through specialized lenders. Working capital loans or equipment financing may be easier for newer businesses.
6. What credit score do I need?
Most term loan lenders require a minimum personal credit score of 650, though some programs accept 600+. Higher credit scores (700+) qualify for better rates and terms. If your credit is below 650, consider working capital loans or merchant cash advances while building your credit for better term loan options later.
7. How do term loan payments work?
Term loans typically have fixed monthly payments that include principal and interest, similar to a mortgage. You'll receive an amortization schedule showing exactly how much of each payment goes toward principal versus interest. Payments are usually automatically debited from your business bank account on your scheduled due date.
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