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