Small Biz Heroes

Term Loans

Term loans are often used by small business owners to finance a specific one-off investment. Term lengths of up to five years make it easier for you and your financial advisor or lender, should they be helping with the process, can plan ahead better while still giving yourself an opportunity at paying off debt quickly if all goes well.


$25K – $20 Million



1 – 5 Years


6% – 27%



As Little As 2 Days

Types of Term Loans

There are different types of term loans, including the following:


A Short Term Loan

It is a lump sum loan designed to be paid back in less then 24 months. Great for small businesses to manage cash flow, dealing with unexpected needs for extra cash, or taking advantage of unforeseen business opportunities.


An Intermediate-term Loan

It is paid in monthly installments from a business cash flow, and it runs for more than 1 up to 3 years.


A Long-term Loan

The payments are required to be done monthly or quarterly from profits or cash flow. It runs for 3 to 25 years, using the business assets as collateral.

Get The Help You Need With a Term Loan

By getting a term loan, you can:
  • Buy fixed assets
  • Operate month to month
  • Manage long-term facilities with fixed payments
  • Pay off expensive debts

What Businesses Qualify?

Securing a term loan is no easy task. The good news? Plenty of businesses can qualify for this type of financing, and the interest rate will depend largely on how much revenue your company generates and its present financial status.
The length of the payment plan also depends on these factors: with longer plans consumers could take advantage of lower rates since they’ll pay off their debt over time instead of one lump sum at once.

Documents You Need

Before applying for any type of loan, be sure that you have all necessary documents available. This will allow your application process to go much more smoothly and quickly.

Bank Statement:

We want to see your successful business in action, so provide us with 6 months of bank statements for a better picture. If you can send more than six months, that may be helpful as well.

Personal and Business Tax Returns:

You will need to provide us with the last two years of business and one year’s worth of personal income tax returns.

Personal Financial Statement:

Each individual that owns 20% or more of the company needs to submit a Personal Financial Statement.


If you have collateral such as property with equity or a down payment we can get you bigger loan sizes.


Balance Sheet:

This statement provides an overall financial snapshot of your small business. As the equation, it looks like: Assets = Liabilities + Equity.

Profit and Loss Statement:

IA Profit and Loss Statement is a measure of how well your company has performed in the past year. It lists every revenue made, as well as any expenses that were incurred over this time period.

Driver’s License and Voided Check:

We ask for these to make sure your information is correct on all documents.

Other Documents:

These may include business licenses, Articles of Incorporation, commercial leases, or franchise agreements.

Let’s Get You Funded

We help your business grow and can even secure start up funding.

What do you qualify for?

Getting the right business loan is a lot easier than you think. We help you identify exactly what you qualify for and what program is going to be the best fit to suite your specific needs. See what you qualify for today completely risk free!
**Secure E-Sign Application - Applying won't impact your credit score.

Must have a Business Bank Account for most programs

Both location and operation of Business must be in the United States of America or Canada

Must not have an open bankruptcy

No default history with lenders within the last year