Term Loans
A term loan can be instrumental in supporting and facilitating the growth of a business. This type of loan provides a fixed amount of money upfront, which the business can use for various purposes, such as expanding operations, purchasing equipment, or investing in new projects. Unlike a revolving line of credit, a term loan has a defined repayment period with regular installments over a specified term, typically ranging from one to ten years. This predictability allows businesses to plan their cash flow and allocate resources effectively. Additionally, a term loan often offers lower interest rates compared to other types of financing, making it an attractive option for businesses seeking affordable capital. By providing the necessary funds, flexibility, and stability, a term loan empowers businesses to seize opportunities, enhance productivity, and achieve their long-term goals.
Term Loan FAQ
What is a business term loan?
A business term loan provides a lump sum of capital upfront, which is repaid over a fixed period with regular payments (usually monthly).
How can I use a term loan?
Term loans are flexible and can be used for:
* Expanding your business
* Hiring staff
* Purchasing inventory or equipment
* Renovations or upgrades
* Marketing and advertising
* Refinancing debt
What are the typical loan amounts and terms?
Loan amounts range from $10,000 to $5,000,000, with repayment terms typically between 1 to 5 years.
How fast can I get approved and funded?
Most term loans are approved within 24–72 hours, and funding can occur as soon as the same day after approval.
Do I need good credit to qualify?
Good credit helps, but we offer term loans for a wide range of credit profiles, including those with less-than-perfect credit
Will applying affect my credit?
No. We offer soft credit checks for pre-approval, so your credit score won't be impacted just to see your options.
Do I need collateral?
Not always. Some term loans are secured, but unsecured options are also available depending on your business and credit profile.
What documents are needed to apply?
Typically:
* Business bank statements (3–6 months)
* Completed application
Government-issued ID
Additional financials may be required for larger loans.
Can I pay off my term loan early?
Yes. Many of our term loan options have no prepayment penalties, allowing you to save on interest.
Why choose Express Business Lending for your term loan?
* Fast and easy approval process
* Access to multiple lenders with flexible terms
* Funding in as fast as 24 hours
* Transparent, personalized service
GET FUNDED IN 1-2-3 EASY STEP
Checking your rate won’t affect your credit score
Apply Online
- Fast & Easy Online Application Our loan specialist will contact you or call us at our phone number: (877)-2411244
Review Your Options
-You will have your decision in minutesNo paperwork, no waiting
Get Funded
- True term loans – $5,000 – $1,000,000 Receive funding in as fast as 1 day
FAST, EASY, RELIABLE
EQUIPMENT FINANCING
Get funding to purchase equipment for you business to keep on growing.
WORKING CAPITAL
Quick and simple cash available for any business purpose.
TERM LOAN
Our specialists will tailor a business loan to fit your needs.
SBA LOAN
Lowest rates available with an SBA 7a,504,or express loan.
Real Estate Investor Funding
Get funding for your next real estate project. Fix and Flip Funding, Single Family/Multi Family and more.
INVOICE FACTORING
Get paid upfront for your 30-60 or 90 day old invoices.
BUSINESS LINE OF CREDIT
Access capital for your business when you need it and only pay interest on the funds you use.
TRUSTED PARTNERSHIPS
WITH OVER 50+ LENDERS
EXCLUSIVE PARTNERSHIPS
THAT YOU CAN COUNT ON
At Express business lending we appreciate how investing in relationships brings mutual prosperity. Who we partner with ensures the best services available for our customers.
To discuss potential opportunities, please call
(877)-2411244
Industry leading approval process that is easy and less intensive. Get the capital you need to allow your business to grow, today!