What is a small business term loan?
A small business term loan is a funding structure for developed businesses that need a large amount of capital at a lower interest rate for growth. These long-term loans typically have repayment terms of at least 2 to 10 years, which can be especially suitable for business owners looking to make an investment in their business that will provide a return on investment over a long period of time.
Ideal financing for your business
Long-term business loans allow borrowers to pursue large-scale growth investments while paying for the initiative over the life of the loan. Whether you are looking to tackle the next part of your business plan, open a new location, purchase/rent new equipment, expand into new markets, grow your team, or launch a new product, a term loan can help you reach your next phase of growth. The lower monthly repayment amounts on long-term loans can give your business the margin it needs to maintain positive cash flow.
Seamless Funding Process
A 24-hour application process with funds deposited straight to your bank account. Premier Lending Solutions creates a valued financing experience for business owners.
Loan Amount From $15,000 - $500,000
Qualifying Criteria
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650+ credit score
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24+ months in business
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$15,000+ average monthly bank deposits
Documents Required
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Signed one page funding application
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3-5 most recent months company bank statements
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Business tax returns (2 most recent)
Average Term Length: 12 - 60 Months
How To Get A Business Term Loan
Pre-Qualify Online
Same Day Approval
Get Funded
To get prequalified, follow the "Apply Now" button and submit some basic business information.
An advisor will reach out to you within 24 hours (during regular business hours) to complete your application and discuss your business funding options.
Upon approval and accepting the offer, funds are deposited directly into your business bank account so you can use the money immediately.
Small Business Term Loan: Advantages & Disadvantages
Advantages
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Lower interest rates
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Cash flow flexibility, as you can allocate your remaining cash for short-term operational expenses and emergencies
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Long term payment structure
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The interest is tax deductible
Disadvantages
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Keeping up with fixed payments can be difficult for businesses that experience seasonality or fluctuation
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Better suited for long-term projects rather than quick wins and cash flow stabilization
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Can be more difficult to qualify for
Why Choose Us?
Unlike traditional banks and other alternative lenders, at Premier Lending Solutions, we truly care about your business. Your success is most important to us, so we’ll never over-leverage your business by giving you more funding than you can handle. Our simple application and quick approval process makes it easy for you to get the working capital your business needs, and our experienced funding consultants will walk with you every step of the way.