Term Loans
Grow and invest in your business with loans up to $500,000 and annual interest rates as low as 5.99%*
Our Business Term Loans
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Short Term Loans
3-12 month terms Finance projects that have an immediate return on investment
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Long Term Loans
15-36 month terms Fund larger projects that pay back longer term
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Rates
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Short Term Loans
What is Total Interest Percentage? Total Interest Percentage calculates the total amount of interest you pay as a percentage of your loan amount. This rate excludes any fees. For shorter terms (12 months or less), Total Interest Percentage lets you easily see the total payback amount of your loan. Total Interest Percentage is also referred to as Fixed Simple Interest, and is not an annualized rate. Example On a 6 month, $10,000 loan with 9% Total Interest Percentage and weekly payments, your interest cost is $900, for a total payback amount of $10,900.
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Long Term Loans
What is Annual Interest Rate? Annual Interest Rate calculates the yearly interest percentage you pay based on your average loan balance. This rate excludes any fees. While you should always consider the total cost of a loan, for longer terms (more than 12 months) you can use the Annual Interest Rate to compare loans of similar duration. Example On a 24 month, $100,000 loan with 5.99% Annual Interest Rate and weekly payments, your interest cost is $6,167, for a total loan payback amount of $106,167.
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* Eligibility for the lowest rates is limited to the healthiest businesses with the strongest cash flows, and typically businesses that have shown an excellent payment history on prior loan products