We make it our business to understand these things on your behalf and connect you with the right financial solution that works best for you, your business and your long term goals.
Let's get started.
TERM LOAN TERMS
⇒ Loan Amounts
$10,000 to $2,500,000
⇒ Loan Term:
⇒ Time To Fund:
As swiftly as 5 business days
⇒ Interest rates:
IT’S OUR BUSINESS TO FIND THE RIGHT TERM LOAN FOR YOU
A term loan could be the perfect funding vehicle for your business, but it’s not necessarily for everyone. There are different types of term loans; some offer fixed rates during the life of the loan while others might feature a floating interest rate. This can be a lot for a business to digest and understand, especially when your primary focus is selling products or services and finding new clients.
We analyze your balance sheet and determine whether a term loan, its payments structure and interest rate would work in your situation. We want you to keep growing your business, but we want you to do it with the right kind of funding that won’t work against you in the long term.
Business Capital Consultants is an advocate for you and your business. We know that you’re likely not spending 25 hours a week analyzing different funding vehicles.
Payments can be steady and predictable for the life of the loan
Interest rate can remain the same or can be variable
Long-term repayment plans can mean larger loan amounts
Paying the monthly payment can help build business credit over time
Interest rate could be high, depending on personal credit history or business creditworthiness
Newer company might pay a higher interest rate
Not as flexible as a business line of credit
If an SBA loan, there are strict requirements for approval as well as a lengthy approval process
Most of your time is spent running your business – as it should be. Because of this, we make it our business to understand these things on your behalf and connect you with the right financial solution that works best for you.
Could your business benefit from a term loan? Perhaps. But you can take the guess work out of trying to make a decision by contacting Business Capital Consultants, explaining what it is you’re trying to achieve and letting us fit you with the right funding solution that suits your business while keeping you on track with where you want to go.