Why Term Loans for your Business
Our term loan options can be used at any stage in your business journey, whether you’re looking to grow or need funds fast.
Easy Application Process
Simplified paperwork and minimal requirements. Apply in minutes!
Secured Funding To Benefit Your Business
Predictable, fixed payments and long-term payout.
Approval in 3-4 Weeks
Fast review and approval of your application with our funding experts.
Term Loans In 3 Easy Steps
Our process is quick and simple. Receive the working capital you need as efficiently as possible, eliminating the long waiting times, poor communication, and overall stress of getting funding.
Step 1
Apply At No-Cost & No-Obligation
Our application process is streamlined and convenient—So you can focus on running your business while we take care of the rest.
Step 2
Get Approval In 3-4 Weeks
Work together with a dedicated account manager and understand what type of funding and repayment plans suit your business needs.
Step 3
Have Your Funds In 4-6 Weeks
Once approved by our team, funds are deposited to your account in as little as 4 – 6 weeks.
Frequently Asked Questions
Interested in term loan funding? Find out more about our funding options and how we can help your business in the FAQs below.
How Quickly Can I Receive My Funds?
Once you get approved, you receive your funds in 4-6 weeks! Our process is designed to be quick and hassle-free.
How do I check my eligibility to get funded?
Simply fill out a quick form with your details and a member of our team will get in touch with you. Start the process here and we’ll be with you every step of the way.
How Do I Apply To Business Capital Providers?
Visit our careers page for more information about life at Business Capital Providers and available job opportunities!
What Is a Term Loan?
A term loan is a type of loan that provides a business or an individual with a fixed amount of money upfront, which is then repaid over a predetermined period of time, known as the loan term. It is one of the most common and straightforward forms of borrowing.
In a term loan, the borrower receives the full loan amount at the beginning of the loan term and agrees to repay it in regular installments, typically monthly, over a set period. The repayment schedule is determined during the loan origination and usually includes both principal (the borrowed amount) and interest (the cost of borrowing). The interest rate can be fixed or variable, depending on the terms of the loan.
Term loans can have various repayment periods. The loan term is typically based on the purpose of the loan and the borrower’s ability to repay. Short-term loans, for example, are usually repaid within a year, while long-term loans can extend over several years.
These loans are commonly used by businesses for a variety of purposes, including business expansion, equipment purchase, working capital needs, debt consolidation, or funding a specific project.
When applying for a term loan, borrowers go through a qualification process, where lenders assess their creditworthiness, financial history, and ability to repay the loan. Lenders may require collateral (such as property or assets) as security for the loan, particularly for larger loan amounts or riskier borrowers.
It’s important for borrowers to carefully consider the terms and conditions of a term loan, including the interest rate, repayment schedule, any associated fees or penalties, and the total cost of borrowing. Comparing different loan offers and consulting with financial advisors or lenders can help in making an informed decision that aligns with the borrower’s financial goals and capabilities.
How do I decide which program is right for my business?
Depending on how long you’ve been in business and your current financial situation, you may be more suited to one type of funding. Compare our funding options here or just reach out to us and we’ll help you decide.
Apply Now
Flexible repayment on up to $250,000 working capital. Fund the growth of your small business with our fast funding solutions.
Do I Qualify?
Based in the United StatesIdeally 1+ years in businessGenerating minimum $25,000 in monthly revenueNeed Help? Give Us A Call
888-255-1819
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Find Out Your Eligibility
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