A fixed lump sum with predictable, scheduled payments — straightforward financing for growth, equipment, or working capital.
A term loan is the most traditional form of business financing: you receive a lump sum upfront and repay it, plus interest, in fixed installments over a set period — anywhere from a few months to several years. Rates can be fixed or variable depending on the lender and your qualifications.
Because the payment schedule is fixed and known from day one, term loans are easy to budget around, which makes them a strong fit for planned expenses like equipment purchases, hiring, inventory, or expansion into a new location.