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Term loan

Term Loan

The classic way to fund a bigger move.

Loan amount
$20K – $1M
Funding speed
Within 24 hours
Loan term
1–2 years
Interest rate
As low as 6%

Start my application

A joiner measuring a board in a workshop he has fitted out over the years.

Term loan

What it is, and how it repays

A term loan is one lump sum of capital, repaid at a fixed rate over a fixed period. It is the most straightforward way to fund something substantial — a second location, a large order, a hire you have been putting off — and to know exactly what it costs before you commit.

Applying is a couple of minutes: the amount, your details and a few questions about the business, including how long it has been trading. A specialist then brings back the offers it qualifies for.

On the climb

Where on the climb it tends to fit

Term Loan most often opens up for businesses at these 2 stages, though lenders decide case by case.

  1. 4
    High ground · 6-9 yearsA long record is the strongest thing an application can carry. It is usually the stretch where a sizeable term loan for a second site or a large contract makes sense.
  2. 5
    The long view · 10+ yearsEstablished businesses are generally looked at for all six programmes, and for amounts toward the top of each range. The question becomes which shape suits the plan.

All five stages of the climb →

An owner in the restaurant he has run for years, smiling at the door.

What it gives you

Why owners pick this route

  • A repayment schedule you know before you sign
  • Can be funded within 24 hours once approved
  • Put it toward whatever the business needs
  • No out-of-pocket fees

The application

Start your application

About two minutes: the amount, your details, how long you have been trading and a rough monthly figure. Free to send, and nothing is agreed until you accept.

The application is the way in, and it takes about two minutes.

The six

All six routes, this one marked

Revenue-Based Funding

Quick and efficient access to capital.

Funding amount
$5K – $500K
Funding speed
24–48 hours

Working Capital

Funding your day-to-day operations.

Funding amount
Up to $1M
Cost
Starting at 4.5%

Equipment Financing

Equipment for virtually any industry.

Loan amount
Up to $250K
Cost
As low as 8%

Term Loan

The classic way to fund a bigger move.

Loan amount
$20K – $1M
Interest rate
As low as 6%