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Term Loan2023-01-25T12:23:21+00:00

Business Term Loan

Get Funded and Boost Your Small Business

A stable, flexible way to get more working capital, grow your business, and build your credit.

Big Think Capital BBB A+ Rating
 
Certified Small Business Financial Professionals

APPLY IN MINUTES – WON’T IMPACT YOUR CREDIT SCORE

all fields required

Name(Required)

Loan Amount up to

$1m

Term as long as

5 years

Rate as low as

7%

Funded as fast as

48 hours

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.

Set payments

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.

Minimum qualifications

  • 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

Apply and Get Funded

Proven Excellence

Skeptical about what we have to say? Our customer reviews speak for themselves. We have thousands of five-star Trustpilot reviews, with more every day. Here are a few select testimonials that demonstrate our efficacy:

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Frequently Asked Questions

What are the most common types of small business term loans?2022-12-01T20:31:23+00:00

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

Benefits

  • Set payments at regular intervals
  • Can be used for a wide variety of purposes
  • Relatively low interest rate
  • Long repayment schedule

Drawbacks

  • Lengthy application process
  • May carry early payment penalty
  • Variable interest rates may increase

At Big Think, we can help you structure the best loan for your needs. If you’re confused or need clarification about the qualifying requirements for a loan, please contact us. We’ll be happy to help.

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