A stable, flexible way to get more working capital, grow your business, and build your credit.
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Loan Amount up to
Term as long as
Rate as low as
Funded as fast as
Get Fast Access to the Working Capital You Need to Grow Your Business
A long term loan which is paid back with regular payments over time, including interest. This type of loan is extremely flexible and can be used for almost any business purpose. A mortgage is the best known example of a term loan.
Lower interest rates
Long repayment schedule
Get Started With a Business Term Loan
Provide basic information about your business. If approved, you can request funds and receive them in your account in as fast as 48 hours.
620+ credit score
2 years in business
$100,000 in yearly revenue
What you need to apply
Basic details about you and your business
Bank statements for past 3 months
Business is in good standing
Start your application & secure the
funds your business needs today
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The most common type of business loan, traditional term loans are what most people think of when they look for a loan. The bank or other financial institution loans you a lump sum of money, usually secured against collateral, and you pay that money back, principal and interest, with regular payments over a set time period. Interest can be fixed or variable, depending upon the amount of the loan and what the loan is for. The most common type of term loan, and the one we’re all familiar with, is a mortgage for a home or commercial property. Term loans work the same way.
While these loans usually come from a bank, there are other lending institutions available. Big Think keeps a comprehensive list of these lenders. Some lenders will only deal with certain types of businesses, while others focus on specific geographic areas.
If you qualify for this type of loan, you can use the money for anything your business needs, from equipment to expansion to covering short term cash shortages.
What are the pros and cons of small business term loans?2022-12-01T20:31:56+00:00
Big Think Capital provides business borrowers a straightforward and transparent funding platform, informational resources to fully understand options, and working the highest standards of business ethics.