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Term Loan financing for eligible customers

Get a business loan that has stability for your business built in.

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Term Loan Overview

Loans Range
$25K-$1M

Average loan amount
$242,200*

Qualify after you
submit your application

Requires FICO of at least 650 and
at least $250,000 in business revenue

* Based on all term loan transactions January 2023 - December 2023.

Straight forward Business Term Loans.

Get a business term loan that won't take forever to fund?.

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

Some popular reasons to seek term loans are:

Term Loans Customized to Your Business

For qualified applicants, our business term loan offers financing that helps you meet your goals. Competitive rates and payment plans ranging from 12 to 36 months, depending on qualifications, give your business the added flexibility it needs to grow.

From One Entrepreneur to Another: We Get You

We understand what’s behind building a business you believe in.

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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 term loan right for your business?

Most customers get started with:

  • annualRevenue

    Annual Revenue Greater than $250K

  • credtScore

    650 Credit
    Score or Above

  • monthlyBusiness

    At least 18 Months in Business

How to Apply for Term Loans

Term Loan Articles

Other Business Loans from Biz2Credit.

Commercial Real Estate Loan

Access capital secured by commercial real estate to capture business opportunities.

Learn More

ERTC Loan

Get cash up front for your Employee
Retention Tax Credit.*

Learn More

*IRS-approved ERTC required to qualify

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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