If you have a mortgage, student loan, or car loan, then you’re already familiar with how a term loan works
Term Loans
You borrow a lump sum upfront and pay it back in fixed weekly, biweekly, or monthly payments throughout the term of the loan.
For example, Funding Circle offers term loans up to $1,000,000 with competitive interest rates, terms from 6 mos. to 5 years, and upfront set monthly payments.
- Established small business owners considering an investment that will generate a steady increased stream of cash inflows as a result of that initial investment.
- Among the advantages of term loans is their fast approval time, ranging from 2 days to 2 weeks.
