A small-business loan is a source of capital that can help you stock your shelves, buy new equipment or expand your footprint. Your assigned Funding Advisor will make contact on your behalf with all our licensed lending partners and funding sources, including but not limited to direct lenders, CMBS lenders, banks, private investors, private lenders, fund managers, insurance companies, private equity firms, limited partnerships, hedge funds, investment trusts, to name a few.
Term business loans are a standard debt financing facility with standard payments (usually monthly) with a maturity and amortization schedule, ranging from anywhere in 6 months to 30 years in length (depending on use). Term loan sizes for small and medium-sized businesses can be as small as a few thousand dollars, and can range up to $5,000,000 for loans with SBA-enhancements, and well above that for other traditional facilities.
The repayment associated with most term loans are made monthly, although some alternative lenders will require payback be made on a weekly or even daily basis.
Term loans vary in size, structure and uses depending upon the commercial lending institution. A term loan from a bank may have a very different underwriting criteria than that of a mid prime lender that specializes in buying-out high-interest merchant cash advances. Term loans are usually collateralized with the borrowing company’s assets (building, land, equipment, accounts receivable, cash flow, etc.). While each lender has their own requirements, its common for a blanket lien to be placed on all the company’s assets when a term loan is provided to the business.
While each lender is different, a term loan provided by a conventional, private investment bank or SBA-preferred lender usually requires and extensive amount of business and personal financial documentation for due diligence during the underwriting of the loan. Traditional commercial lenders will require that the business prove it has an acceptable debt-service-coverage-ratio to ensure the lender will get paid back.
The repayment associated with most term loans are made monthly, although some alternative lenders will require payback be made on a weekly or even daily basis.
Term loans vary in size, structure and uses depending upon the commercial lending institution. A term loan from a bank may have a very different underwriting criteria than that of a mid prime lender that specializes in buying-out high-interest merchant cash advances. Term loans are usually collateralized with the borrowing company’s assets (building, land, equipment, accounts receivable, cash flow, etc.). While each lender has their own requirements, its common for a blanket lien to be placed on all the company’s assets when a term loan is provided to the business.
While each lender is different, a term loan provided by a conventional, private investment bank or SBA-preferred lender usually requires and extensive amount of business and personal financial documentation for due diligence during the underwriting of the loan. Traditional commercial lenders will require that the business prove it has an acceptable debt-service-coverage-ratio to ensure the lender will get paid back.
Term Loans
- Unsecured Term Loans with NO prepay.
- Terms up to 60 months and $1,000,000
- Rates start at 7.99%.
- Unsecured Lines of Credit to $750,000
- Minumum FICO - 640
- NO DOC - Equipment Secured, Term Loans To $3,000,000
- NO Financials Needed and NO Minimum FICO Score
- Asset Based Term Loans to $ 10 Million.
- Short Term Unsecured Loans.
- SBA 71 & 504 to $ 15 Million.
- Open, Transparent, with No Surprises.
