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Fast, Flexible Term Loans to Fund Your Next Big Move

Access up to $1M with flexible terms tailored for your success.

By accessing or applying for Business Finance Services from Biz2Credit relating to your potential business funding or other business financing products, you agree to our Terms of Service, Business Financing Terms and Conditions, and Privacy Policy.

A Quick Look at Term Loans

$25K–$1M

Loans Range

$242,200*

Average Loan Amount

Qualification

Based on Application

Tailored Support

Dedicated Funding Specialists

*Based on all transactions of term loan from January 2024 - December 2024.

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What is a Term Loan?

With our term loans, you can borrow a lump sum of capital and repay it over a fixed period. The repayment happens through regular installments with interest added on top. These loans are ideal when you need upfront capital to grow, expand, or stabilize your operations.

The duration of term loans can vary. Short-term loans may last a few months, while long-term loans can extend for several years. The repayment schedule, interest rate, and loan amount are typically agreed upon at the start. That means you'll know exactly what to expect.

Top Benefits of Using Term Loans for Growth

Our term loans can offer serious advantages. They're built for businesses that want predictability, structure, and a clear repayment plan.

Here’s why many of our customers choose term loans:

How to Apply for a Term Loan with Us

1

Create Your Biz2Credit Account

Sign up and provide a few key business details.

2

Get
Pre-Qualified

See your pre-qualified offers tailored for your business.

3

Submit Your Application

Complete a short form about your funding needs.

4

Receive Funding Decision

Once reviewed, we'll let you know your application status.

Is a Term Loan Right for You?

If your business does not meet these criteria, you will not be eligible for a term loan with Biz2Credit. However, you may qualify for another funding product.

  • At least $250,000

    Annual Revenue

  • 650 or higher

    Credit Score

  • Minimum of 18 months

    Time in Business

What You Need to Apply for a Term Loan

Before you apply for a term loan with us, it helps to know what’s expected. Getting a term loan doesn’t have to be overwhelming; just make sure you have the right documents and details in place.

Here’s what you'll typically need:

Basic Business Information

Be ready to share your business name, structure, time in operation, and the industry you're in.

Business Bank Statements

Keep 3–6 months of bank statements ready for review. This will help us to understand your cash flow and monthly revenue.

A Minimum of 650 Credit Score

Both your personal and business credit scores may be checked to assess your repayment history and risk profile. We consider applications with credit scores of 650 and above.

Tax Returns and Legal Documents

Recent business and possibly personal tax returns are often required to verify income and financial stability. And depending on your entity type, we may ask for legal documents like business licenses, articles of incorporation, or ownership agreements.

Business Plan or Loan Purpose

You should have a detailed business plan ready. This will show us how you plan to use the term loan, especially if you're borrowing a large amount.

At Least 18 Months in Operation

Your business should have substantial operational history. Biz2Credit accepts applicants with at least 18 months or more in operation. This track record proves your staying power and gives confidence that your revenue pattern is reliable. Longer tenure may often improves improve odds of positive funding decision.

What Can You Do with a Term Loan?

Our term loans offer flexibility and that's one of its biggest strengths. If approved, you can apply the funds to areas that matter most to your business.

Here are a few smart ways businesses typically use term loans from Biz2Credit:

Who Needs a Term Loan?

Our term loans are ideal for:

  • termloan-growth

    Business owners planning to expand

  • termloan-assets

    Companies with long-term equipment needs

  • termloan-calander

    Firms managing seasonal income gaps

  • termloan-entrepreneurs

    Entrepreneurs launching new services or products

  • termloan-dollar

    Businesses looking to refinance existing debt

  • termloan-moneybaginhand

    Companies needing steady, predictable repayment terms

How Do Term Loans Work?

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Understanding how our term loans work can help you make better decisions for your business. It all starts with a lump sum of money you borrow for a specific purpose like expansion, equipment, or operations.

If you get approved for our term loan, you will receive the full amount upfront. You then can repay it in fixed installments over a set period. That repayment period can range from a few months to several years, depending on the terms and the strength of your application.

Each monthly payment includes both principal and interest. The interest rate is usually fixed, which means your payment stays the same month to month. That predictability helps with planning and budgeting.

You’ll also agree to a repayment schedule at the beginning, so you know exactly how long the loan lasts and what your total repayment will be.

Some term loans may require collateral, while others are unsecured. Biz2Credit provides secured term loans. Having a strong credit profile and stable revenue improves your approval chances and could lead to better terms.

In short, our term loans offer upfront funding with structured repayment, which is ideal for businesses that want clarity and control.

How to Strengthen Your Term Loan Application

Getting approved for our term loans is easier when you know what we are looking for. Focus on these key areas to strengthen your application.

  • Improve Your Credit Score
  • Organize Financial Documents
  • Clarify Your Loan Purpose
  • Reduce Existing Debt

Your credit score reflects how reliable you are with repayments. Both personal and business credit can influence your chances. If your score is low, pay off outstanding debts, avoid late payments, and correct any errors on your credit report. A better score may help you secure a term loan with us with more favorable terms.

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Have your tax returns, balance sheet, and profit-and-loss statements ready. It may improve your approval chance if you can show a clear picture of your business health. Clean, well-documented records build confidence and reduce delays.

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Be specific about how you'll use the term loan, whether it's for new equipment, marketing, or cash flow support. A vague reason can raise red flags. A clear plan shows you've thought it through and are investing in growth, not just plugging short-term gaps.

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If you already have loans or credit lines, try to pay down some of that balance. A lower debt-to-income ratio improves your financial standing and makes your term loan request look more manageable. It also signals that you're not overextended.

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Trusted by Thousands of Small Business Owners in
America.**

Because we know what it takes to build a business you believe in.

**Disclaimer: All stories are real, as told by real business owners. Customers do not receive monetary compensation for telling their stories.

Term Loan Articles

FROM THE KNOWLEDGE CENTER*

*This information is provided for general information only , does not constitute financial advice, and does not necessarily describe Biz2Credit commercial financing products.

Frequently Asked Questions

What is a business term loan?

A business term loan is a type of loan where a borrower gets a large amount of cash against specific lending terms. The amount can be repayed as per a certain agreed-upon schedule with a fixed or floating interest. It is usually opted by small businesses to purchase assets or expand their operations. These loans are more popular than others as they may offer more flexibility and lower interest rates. Lenders usually check for sound financial statements that indicate a borrower's creditworthiness. This type of financing usually requires certain collaterals to reduce the risk of default for the lenders.

How much can I borrow with a business term loan from Biz2Credit?

At Biz2Credit, we provide term loans to qualified applicants between the range of $25K-$1M, with an average loan amount of $279,000*. Qualified borrowers need to have a FICO of at least 650 and above with a business revenue of a minimum of $250,000. At Biz2Credit, the payment plans range from 12-36 months, giving businesses the extra flexibility they need to grow.

* Estimates based on all term loan transactions January 2024 - December 2024.

What are the eligibility requirements for a business term loan?

Since revenue-based financing is tied to your business revenue, it means payments are adjusted based on the revenue that your business brings in. With this type of financing, if your sales drop the amount of your payment will be adjusted to reflect the change in revenue. These revenue-based payments can help you navigate those slow months of sales. However, in revenue-based financing you are still responsible for maintaining the operation of your business and making all efforts to continue making payments.

How long does it take to get approved for a business term loan?

The process for approval varies depending on the documents and eligibility. But we at Biz2Credit strive to provide quick funding. Once an applicant submits their application and required documentation, expect a prompt decision. That’s why it is critical for all applicants to ensure that their documentations are in order for the process to go smoothly.

What are the repayment terms for a business term loan?

At Biz2Credit, we offer flexible repayment terms ranging from 12 to 36 months, with options for weekly or biweekly payments to suit your business's cash flow needs.

How do I apply for a business term loan?

To apply, create an account on Biz2Credit.com, submit your application with the necessary financial documentation, and connect with a funding specialist to complete the process.

Other Business Financing from Biz2Credit

Revenue-Based Financing 

Read More

Commercial Real Estate

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