$25,000 to $500,000
They are the most common form of loan structure.
Capital is loaned to you at a preestablished interes rate which can be fixed or varaible. You then repay the loan across the agreed term while having the benefit of a predictable payment schedule and amount.
Parameters for a Term Loan are well established before execution so you'll easily be able to make an informed decision.
Not all Term Loans are created equal.
There are many different types of Term Loans, depending on your qualifications.
Terms and payment structures range from 12 months with daily payments to 5 years with monthly payments and everything in between.
Capital extended and interest rates differ based on your needs and business history.
The finer details of your term loan are dependent on financials, but the structure of a Term Loan is the same.
Term loans are difficult to obtain for those with low credit. However, in lieu of credit, collateral can be used to secure the loan.
Collateral may be a possible requirement for a term loan depending on business financials but you risk losing the asset if the loan is put into default.
When making a decision, it's important to note whether the loan has prepayment penalties or other fees. Review the exact terms of your loan to precisely calculate your payment.
It's risk and cost free - prequalify without affecting your credit!