Business Term Loans | $50K to $1M+, Funded in as Little as 24 Hours

Term loans fit established businesses with a defined, one-time need and a clear idea of the amount: buying equipment, opening a second location, finishing a buildout, or making a large inventory purchase ahead of a busy season. They also suit owners who would rather have a predictable, fixed payment than a payment that moves with sales.

They are a common next step for businesses carrying several merchant cash advance positions. Where the program allows it, a multi-year term loan can pay off those positions and replace several short, frequent remittances with one scheduled loan payment. Whether that works depends on the offer amount and underwriting; our MCA consolidation page covers how we approach it.

Term length matters as much as the amount. Short-term working capital loans elsewhere in the market typically run 3 to 18 months, which suits a quick gap. The programs we offer run 2 to 10 years, which keeps each payment smaller relative to the amount borrowed and fits investments that pay back over years rather than weeks.

Amounts from $50,000 to $1,000,000+, sized for real projects rather than a small cash gap. Terms of 2 to 10 years, so payments stay proportionate to the amount borrowed. Secured and unsecured structures, depending on the program and underwriting. Decisions in as little as 24 hours for eligible applicants and funding typically within 24 hours of signed documents. One application reviewed against several funder programs. A fixed repayment schedule you can plan and budget around.

Equipment and vehicles: a trucking company adding tractors to take on a new contract, a contractor buying an excavator instead of renting one job after job, a restaurant replacing a failed walk-in cooler. Expansion: a second location, a buildout, or a move into a larger space. Inventory: a large seasonal purchase where a supplier discount rewards paying up front.

Refinancing: paying off higher-cost, short-term positions, including merchant cash advances, with a longer fixed-payment loan where the program allows it. Working capital during growth: covering payroll and operating costs while new contracts ramp up. Other uses may be possible depending on the program; tell us what the funds are for when you apply.

Eligibility depends on the program and underwriting. Funders look at your revenue and bank deposits, time in business, credit profile, existing debt and advances, and what the money will be used for. There is no single published cutoff for this product; the offer you receive reflects how your business looks across all of those factors.

Secured options are available where collateral is offered, such as equipment, real estate, or other business assets, and they can support larger amounts or longer terms. Unsecured options are also available for qualifying businesses. Not all applicants qualify.

You repay principal plus interest on a fixed schedule over the term, which runs from 2 to 10 years depending on the program. Payment frequency is set by the program and varies, so the schedule on your offer is the one that applies.

Term loans are priced with an interest rate, and their cost is usually compared using APR. A merchant cash advance is priced differently, with a factor rate applied to the amount advanced, because it is a purchase of future receivables rather than a loan. When you compare offers, compare the total repayment amount and the payment schedule, not just the headline rate.

Prepayment terms differ by program. Ask about them before you sign if you expect to pay the loan off early.

Banks and SBA lenders can offer good rates, but the process is slow and narrow. According to Bankrate (January 2025), most SBA loans take 30 to 90 days to fund. As of September 2026, some large banks' published term loan programs start at $250,000, and others are typically written for a fixed five-year term, which does not fit every project.

Banks also tend to decline businesses with seasonal revenue, a few large customers, or existing advances on the books. Our funder partners' programs weigh revenue and business fundamentals alongside credit, and they decide faster. That does not mean everyone qualifies; it means more established businesses get a real answer in days instead of months.