Term Loans
Fixed lump-sum loans repaid over a set period, ideal for large one-time investments and expansions.
Term loans provide a lump sum of capital repaid in fixed installments over a set period, making them ideal for one-time investments like expansion, renovation, acquisition, or large equipment purchases. They suit established businesses with predictable revenue that can commit to a regular repayment schedule. Compare the total cost of the loan including origination fees and prepayment penalties, and be cautious of online lenders quoting factor rates instead of APR, which can obscure the true cost of borrowing.
OnDeck
Online small business term loans and lines of credit with same-day funding
Funding Circle
Term loans for established small businesses with competitive fixed rates
Credibly
Fast working capital loans and merchant cash advances for small businesses
Rapid Finance
Short-term business loans and merchant cash advances for urgent capital needs