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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.

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A Quick Look at Term Loans

Loans Range
$25K-$1M

Average loan amount
$242,200*

Qualification
Based on Application

Tailored-Support
Dedicated Funding Specialists

* Based on all transactions of term loans from January 2023 - December 2023.

Looking to Fast-Track Your Business Growth?

Get a term loan solution with affordable repayment terms from Biz2Credit.

Our term loans give established businesses the capital needed to grow.

Some popular reasons to seek term loans are:

Understanding Term Loans

A business term loan from Biz2Credit provides a lump sum of capital, repaid over a set period with fixed installments. It is financing for established businesses that can be used to meet a wide variety of business needs, such as:

  • Expand Your Business: Open new locations or renovate existing ones.
  • Upgrade Equipment: Invest in the tools that drive growth.
  • Manage Cash Flow: Cover day-to-day expenses with ease.
  • Stock-up Inventory: Prepare for busy seasons or big orders.
  • Fuel Growth: Fund marketing campaigns or new projects.

Pros of Term Loans

  • Predictable Payments: Fixed repayment schedules make managing your finances simple with short term loans.
  • Upfront Funding: Access the entire loan amount quickly to invest in your business needs with short term loans online.
  • Fixed Interest Rates: Achieve stability during periods of fluctuating interest rates with affordable fixed rates tailored to meet your business needs.

Important Requirements

While term loans provide incredible benefits, it's crucial to understand the potential challenges:

  • Repayment Commitments: Fixed payments require steady cash flow to meet your obligations.
  • Eligibility Barriers: Credit scores below 650 or limited time in business may affect approval.
  • Collateral Requirements: Depending on the loan size, securing your loan may require assets.

Term Loans Customized for Your Business Growth

Flexible term loans, expert guidance, and fast approvals—Biz2Credit makes funding simple for your business to grow.

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.

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"Biz2Credit did the application process with us. It was very easy.

We were able to continue with the operation. I was very happy with the experience."

Phil Quilter

Owner of Taj Lounge
Customer since 2010

Is a Business Term Loan Right for You?

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

  • annualRevenue

    Annual Revenue
    At least $250,000

  • credtScore

    Credit Score
    650 or higher

  • monthlyBusiness

    Time in Business
    Minimum of 18 months

How to Apply for a Term Loan

Simple steps to secure your business term loan if you qualify.

Term Loan Articles

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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. He can repay the amount 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 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. The duration for this type of loan can last anywhere between less than a year to twenty-five years.

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

At Biz2Credit, we usually provide term loans to qualified applicants between the range of $25000-$1million, with an average loan amount of $242,200. Qualified borrowers usually 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.

What are the eligibility requirements for a business term loan?

There are three criteria that a borrower needs to fulfill in order to be eligible for a business term loan – FICO rating, average business revenue and time in business. There are other elements too such as debt-service coverage ratio, collaterals, business plan and industry type. FICO ratings should be 650 or above, average business revenue should be a minimum of $250,000 and the company should be in business for at least 18 months.

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 can I use a business term loan for?

Business term loans can be used for a variety of purposes, including expanding business, managing cash flow, purchasing equipment, or covering operational expenses.

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.

Term Loans are made by Itria Ventures LLC or Cross River Bank, Member FDIC.

California residents: Itria Ventures LLC is licensed by the Department of Financial Protection and Innovation. Loans are made or arranged pursuant to California Financing Law License # 60DBO-35839

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