What Are Term Loans?
Term loans provide a specific amount of credit to purchase assets or meet specific financing needs. The loan is paid based on a predetermined schedule or monthly principal and interest payments. Loans can be unsecured, or secured by collateral. Interest rates are generally fixed for the life of the loan.
Special Offer:
Lower Rates + No Origination Fee
For a limited time, take advantage of reduced rates on small business owner-occupied real estate loans and enjoy the added savings of no origination fee.
Unsecured Small Business Loan
Best for businesses that want an unsecured term loan, with a simplified application and decisioning process.
- Loan amounts from $10,000 to $100,000.
- Streamlined application and decisioning process.
- No collateral required.
- Easier payment processing with monthly payments automatically deducted from your business checking account.
- Convenient terms with a fixed rate and a term between 2 and 5 years.
Secured Small Business Loan
Best for one-time business expenses that require longer term financing such as equipment or machinery.
- Loan amounts from $100,001 and up.
- Lower interest rates when business assets are used to secure financing.
- Covers your borrowing needs with a wider range of available loan amounts.
- Simplified payments with monthly payments automatically deducted from your business checking account.
- Convenient terms with fixed or variable rate options from 2 to 7 years.
Small Business Commercial Real Estate Loan
Best for purchasing or refinancing owner-occupied commercial property.
- Loan amounts from $100,001 and up.
- Covers your borrowing needs with a wide range of mortgage amounts and maturity terms.
- Simplified payments with automated payments from your business checking account.
- Convenient terms with fixed or variable rate choices between 5 and 20 years.
Secured Vehicle Finance Loan
Best for financing new or used passenger vehicles for business-use purposes.
- Loan amounts from $10,000 to $250,000.
- Financing for the vehicles your business uses every day.
- Convenient terms with a fixed rate and a term between 2 and 6 years.
- Low or no down payments with up to 100% financing of total invoice amount.
