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Business Term LoansA traditional business term loan is a lump sum of capital that you pay back
with regular repayments at a fixed interest rate.
The “term” in “term loan” comes from its set repayment term length, which will typically
be one to five years long.
Most business owners use the proceeds of term loans to finance a specific,
one-off investment for their small business.Find Out More About ApplyingBusiness
Term LoansA traditional business term loan is a lump sum of capital that you pay back
with regular repayments at a fixed interest rate.
The “term” in “term loan” comes from its set repayment term length,
which will typically be one to five years long.
Most business owners use the proceeds of term loans to finance a specific,
one-off investment for their small business.A traditional business term loan is a lump
sum of capital that you pay back
with regular repayments at a fixed
interest rate.
The “term” in “term loan” comes
from its set repayment term length,
which will typically be one to five years long.
Most business owners use the
proceeds of term loans to finance a specific,
one-off investment for their small business.
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If you’re applying to a term loan from a bank,
you can expect a longer application process
with maximum documents required.How Do You Apply
for Business Term Loans?Connect NowBusiness term loans from traditional banks and certain online lenders will be the hardest
underwriting criteria in the marketplace.
Getting a traditional business term loan can be difficult and will require higher credit
scores; possibly collateral.
Don't forget: for traditional small business loans, ask if there are prepayment penalties
or other fees you should be aware of.Documents Required for
SBA/Traditional Bank Loans:Driver's LicenseVoided Business CheckBank StatementsCredit ScoreBusiness Tax ReturnsCredit Card Processing StatementsCall now to get live agentCredit Card
Processing
StatementsFinancial StatementsHow Do You Apply for Business Term Loans?If you’re applying to a term loan from a bank,
you can expect a longer application process with maximum documents required.Business term loans from traditional banks and certain online
lenders will be the hardest underwriting criteria in the
marketplace.
Getting a traditional business term loan can be difficult and will
require higher credit scores; possibly collateral.
Don't forget: for traditional small business loans, ask if there are
prepayment penalties or other fees you should be aware of.