$5,000-2,000,000
1-5 Years
As Little as 24 Hours
As Low as 6%
We all love a classic because it’s tried and true. The same goes for a business term loan—it’s a stable, flexible way to get more working capital, grow your business, and build your credit. If you’re craving a simple small business financing solution, this is it.
A term loan provides a borrower with a lump sum up front that is then repaid at regular intervals over a set amount of time, also referred to as the loan term. Interest rates on term loans can be fixed or floating and can start as low as 6%.
These small business loans are set up to meet pretty much any business need, no matter how unique. You can leverage your loan for everything from capital improvements to financing new equipment or hiring more staff.
You could do it the hard way, where you spend upward of 29 hours completing a bank application, or you can do it the Lendio way, where you fill out a single 15-minute application to compare offers from our curated network of 75+ lenders.
Once you’re approved, you can access your funds in as little as 24 hours.
A business term loan typically comes with a fixed interest rate or flat fee. That means your payments will stay constant over the lifetime of your loan term (1–5 years). These terms enable you to easily calculate how much financing your business can afford to ensure you keep up with your monthly payments until the loan is repaid.
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California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694.
