Term Loans
Finance growth with certainty
A term loan gives you a lump sum repaid over a fixed schedule, matched to the life of the asset it funds. It is the right tool for equipment, vehicles, renovations, acquisitions and buying out a partner.
- Terms from 1 to 10 years
- Fixed or variable rates
- Equipment, expansion and acquisitions
- Amortization matched to the asset
What term loans fund
Lenders prefer to see the loan tied to a specific purpose with a clear payback.
- Equipment, vehicles and technology
- Leasehold improvements and renovations
- Buying a business or a partner's shares
- Refinancing expensive short-term debt into one predictable payment
Documents lenders ask for
Two to three years of financial statements, recent interim statements, a quote or purchase agreement for the asset, and a short explanation of how the loan will be repaid. Our consulting team can prepare projections if your business is newer.
FAQ
Common questions
Can I repay a term loan early?
Many lenders allow prepayment with a fee or a short notice period. We negotiate prepayment terms up front.
What rates apply to term loans?
Rates depend on the lender, the security and the strength of the business. Government-backed programs often offer the lowest cost for smaller businesses.
How much can I borrow?
It depends on the asset value and your cash flow. Equipment loans commonly finance 75 to 100 percent of the purchase price.
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