Business Term Loans

What is a BUSINESS TERM LOAN?

A Business Term Loan is where a company receives a lump-sum loan repaid over a fixed period of time with a fixed payment and fixed interest.

  • How it works: The business gets immediate funds, and repayment is made through automatic deductions (Monthly, Quarterly) from the business.

  • All terms are fixed before hand offering anywhere from 1-10 Year terms

  • If you use collateral it reduces the rate, we can also do it unsecured.

The PROCESS:

  1. Fill out a quick 3 minute application providing basic company information along with the last 6 months business bank statements along with last 2 years Tax Returns, Balance sheets, P&L sheet

  2. Provide the last 2 years Tax Returns, Balance sheets, Debt-to-Income ratio, P&L sheet, Income statements, AR report, REO form

  3. Get on a call with our partnered Bank or Investment firm go over details regarding the business

  4. Allow anywhere from 3-8 Weeks for our team to underwrite the file and access what the business is eligible for

Qualifications

  • Good Credit History

  • Financially healthy business

  • Assessment of the Debt-to-Income ratio

  • Plan and use for funds