Long Term Loan

Term loan is a common form of long term business funding. You get a lump some of cash upfront to invest in your business and repay with interest over a predetermined time period. Best for businesses looking to expand that have good credit and strong business revenue. Offers fast funding typically within  2 days to a week.

Pros: 

  • Get a lump sum amount of cash to invest in business. 
  • Borrow higher amounts
  • Get funding in 2 – 7 days
     

Cons:

  • May require some type of collateral
     

Best for:

  • Businesses looking to grow
  • Business owners with better credit and consistent business who can’t wait for funding