When you hear the word “loan,” the first thing your mind jumps to is likely the traditional business term loan.
You receive a lump sum of capital that you pay back with scheduled payments at a fixed interest rate.
To qualify for a term loan, you’ll need to have an established business with years of operation, a good credit score, and consistent revenue.
Business term loans promise flexible spending with predictable payments. No surprises or funny business about it—you know exactly what you’re getting into.