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. This is best for businesses looking to expand that have good credit and strong business revenue.
Get a lump sum amount of cash to invest in your business.
Borrow higher amounts
May require some type of collateral
Businesses looking to grow
Business owners with better credit and consistent revenue who can’t wait for funding