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Term Loans
A lump sum with a fixed schedule — the straightforward way to fund something big.
- Fixed repayment schedule
- Long-term funding
- Predictable interest rates
- Amount
- $25K – $5M
- Term
- 1 – 10 years
- Funding time
- 3 – 10 business days
- Rates from
- 8.99% APR
Typical market ranges, not an offer of credit. Actual terms depend on lender underwriting and your business qualifications.
What it is
How this one works.
A term loan gives you a single lump sum of capital that you repay with interest over a set period. It is the most conventional form of business financing and usually the least expensive way to fund a major, one-time investment — an expansion, an acquisition, a build-out, or a refinance of costlier debt. Because the payment is fixed, you know the exact cost of the money on day one.
Best used for
- Opening an additional location or expanding your current one
- Acquiring another business or buying out a partner
- Refinancing higher-cost debt into one predictable payment
- Large one-time projects with a clear return
The process
What working with us looks like.
Share the basics
A short application and six months of bank statements. No cost, and we start with a soft credit pull.
We shop it
We take your file to the lenders in our network whose appetite actually fits your profile, rather than sending it everywhere at once.
Compare real offers
You see amount, rate, term, and total cost side by side, with our read on which one is genuinely the better deal.
Close and fund
Sign, then funds land in your operating account — typically within three to ten business days.
Qualifying
What you generally need.
These are typical thresholds across our lender network, not hard rules. Files that fall short in one area often still place if another is strong — which is exactly the judgment call worth a phone conversation.
- Time in business
- 2+ years
- Annual revenue
- $250,000+
- Credit score
- 650+
- Documents
- 2 years returns, 6 months statements
Straight answers
The upside, and the part to think hard about.
Advantages
- Lowest total cost of the fast-funding options
- Fixed payment makes cash-flow planning simple
- Builds business credit as you repay
- Longer terms keep monthly payments manageable
Things to consider
- Requires stronger credit and more time in business than short-term products
- More documentation than a merchant advance or line of credit
- Prepayment terms vary by lender — always worth reading
Questions
Term Loans questions.
How is a term loan different from a line of credit?
Will applying hurt my credit?
Can I pay it off early?
Do I need collateral?
Other options worth comparing
Lines of Credit
A standing limit you draw from only when you need it — and only pay for what you use.
CompareMerchant Cash Advance
Capital against future card sales, often funded within a day — the fastest option available.
CompareSBA Loans
Government-backed financing with the lowest rates and longest terms available.
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Ready to look at Term Loans?
Two minutes to apply, a soft credit pull, and a real answer about whether this is the right instrument for you.