TL · Financing
Accepting applicationsBusiness term loans with fixed, predictable payments
A set amount, a set term, and the same payment every month to a known payoff date. The most plannable way to fund a defined project.
- Amount
- $25k – $500k
- Funded in
- 2 – 5 business days
- Term
- 6 – 60 months
- Priced as
- Interest rate from 9.9%
- Min. trading
- 1 year trading
Illustrative ranges. Your actual amount, rate and term depend on your business and are set when you apply.
What a Business Term Loan is
A business term loan is the most familiar kind of financing: a fixed amount, repaid over a fixed term in equal, predictable payments. You know the total cost and the end date before you sign.
It is underwritten on broader financials than a cash advance, so it asks more questions and takes a few days rather than hours — but in exchange the rate is lower and the payment is steady. It fits a defined project with a known cost, where planning around one fixed monthly figure matters more than raw speed.
How it works
- 1Apply and share financials
Recent bank statements plus two years of business tax returns give underwriting the full picture.
- 2Underwriting and offer
Amount, rate and term are set against your financials, typically within 2 to 5 business days.
- 3Fixed monthly repayment
The same amount each month, on a clear schedule, to a known payoff date.
Who it is a fit for
A defined project with a known cost, where a fixed monthly payment is easier to plan around than a variable one.
Underwritten on broader financials than an advance, so it asks more questions and takes a little longer.
What you will need
The full checklist is built from your answers in the application — you are never asked for a document that does not apply to you. For a Business Term Loan, the document that does the work is: Two years of business tax returns. Most files are complete with around 10 documents in total.