top of page

LONG TERM
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. This loan type offers fast funding typically within 2 days to a week.
Pros:
- 
Get a lump sum amount of cash to invest in the business. 
- 
Borrow higher amounts 
- 
Get funding in 2-7 days 
 
Cons:
- 
May require some type of collateral 
 
Best for:
- 
Businesses looking to grow 
- 
Business owners with better credit and consistent business who can’t wait for funding 

bottom of page



