A Straightforward Business Loan With Predictable Monthly Payments
A business term loan gives you a lump sum upfront and a fixed repayment schedule so you always know exactly what you owe. Borrow from $25,000 to $5,000,000. Qualify with a 680+ credit score.
How Much Does Your Business Need?
$250,000
$250,000
Fixed monthly payments No hard credit pull 680+ credit score accepted
$10K–$500K
Loan range
680+
Min. credit score
24–72 hrs
Funding speed
1–5 years
Loan term
How Business Term Loan Works
1
Apply in 2 minutes
Tell us your monthly revenue, time in business, and credit score range. No hard pull on your credit.
2
Get matched to an MCA lender
We find the advance that fits your daily sales volume and business profile from our vetted lender network.
3
Repay from daily sales
A fixed percentage of your daily card or bank deposits goes toward repayment , automatically. No invoice. No due date.
Who Qualifies?
Most established small bussinesses qualify. Here is what lenders look for:
In business for 1+ year
Monthly revenue of $40,000 or more ($500K+ annually)
Credit score of 680 or above
US-based business with an active business bank account
No open bankruptcies in the last 12 months
Who Qualifies?
Most established small businesses qualify. Here is what lenders look for
Think Business Term Loan
might be right for you?
Check your eligibility in 2 minutes. No hard credit pull.
Check your eligibility in 2 minutes.
No hard credit pull.
Minimum Requirements at a Glance
Requirement
Minimum
Time in business
1 year minimum (2+ years for best rates)
Monthly revenue
$40,000/month ($500K+ annually)
Credit score
680+ FICO
Collateral
Not required for loans under $150K
Personal guarantee
Not required under $150K
Funding speed
5 to 7 days
Loan range
$25,000 – $5,000,000
Loan term
1 to 5 years
Our matching tool launches soon
Is Business Term Loans
Right for Your Business
PROS
CONS
Frequently Asked Questions
How is a term loan different from a line of credit?
A term loan gives you a fixed amount upfront that you repay on a set schedule. A line of credit is revolving you draw funds as needed and repay them repeatedly. A term loan is better for one-time investments; a line of credit is better for ongoing cash flow.
What can I use a business term loan for?
Equipment, renovations, hiring, inventory, expansion, marketing campaigns, or any business investment with a clear cost and expected return. Lenders do not restrict use of funds for most term loans.
Will applying affect my credit score?
No. Capital Loan Specialist uses a soft credit pull to check eligibility, the same type used when you check your own credit. No impact on your score.
Can I get a term loan with a 680 credit score?
Yes. Several lenders in our network approve term loans from 680 FICO. Your revenue history and time in business are weighted equally alongside your credit score.
How long does approval take?
Most decisions come within a few hours. Funding lands in your account within 24–72 hours of approval, faster for well-documented applications.
Are there prepayment penalties?
It depends on the lender. We surface this detail in every offer so you can compare before committing. Many alt lenders charge no prepayment penalty.
Further Reading
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Not the Right Fit? Explore Other Options
Business Line of Credit
Flexible revolving access to funds. Draw what you need, repay, and draw again. Best for ongoing cash flow management.
SBA Loan
Government-backed loans with the lowest rates available. Best for businesses with strong credit and 2+ years in business.
Equipment Financing
Finance a specific piece of equipment using the equipment itself as collateral. Lower rates, longer terms.
April Loan
Business Loan
$75k
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Matched with lenders including
Ready to Check Your Options?
Complete your application. We match you to the right lender. No hard credit pull.
Free · 2 minutes · Soft pull only · 625+ credit score accepted