Term Loans (Traditional Banks)

Term Loans (Traditional Bank)

Traditional bank financing for established businesses seeking structured capital for expansion, working capital, acquisitions, equipment, refinancing, or general business needs.

Program Rates & Terms

• Loan Size: $50,000 to $500,000
• Estimated Rate: 6% to 15%
• Term: 2 to 10 years
• Structure: Fixed repayment term through a traditional bank loan program
• Collateral: May require a blanket lien depending on the lender and borrower profile

Qualification Guidelines

• Credit: 680+ preferred
• Time in Business: 2+ years preferred
• Revenue: $250,000+ annually preferred
• Profitability: Profitable operations are typically required
• Financial Strength: Clean books and strong margins improve approval odds

Required Documents

• Business tax returns
• Personal tax returns may be requested
• Business financial statements
• Recent business bank statements
• Debt schedule may be requested
• Completed application

Best Fit For

• Established businesses with steady revenue
• Business expansion
• Working capital
• Debt refinancing
• Equipment or asset purchases
• Inventory purchases
• Businesses with clean financials and profitable operations

Key Insight

Traditional bank term loans are usually best for established businesses with strong credit, organized financial records, consistent revenue, and profitable operations. Clean books and healthy margins can significantly improve approval odds.