A term loan serves as an ideal choice for extended financial requirements, offering flexible terms ranging from 2 to 5 years. This option provides the versatility of low monthly payments without any penalties for early repayment.
Applying is free and will not impact your credit score.
Term loans from $30,000 – $3,500,000.
Repayment terms of 2-5 years.
Rates as low as 7.99% fixed.
Monthly payments build business credit.
Pre-qualify in 5 minutes without impacting your credit.
No pre-payment penalties.
1-2 weeks to funding.
Uses: Debt refinancing, working capital, new equipment, business expansion, inventory.
Getting Started
If you're interested in understanding how long-term business loans operate, Accelerated Financing can provide you with a detailed breakdown. Our team consists of seasoned experts with extensive experience in the business industry. From the moment you request funding, you'll have a dedicated business advisor assisting you every step of the way. They will listen, offer guidance, and ensure that you make the optimal choices for your business.
By definition, a term loan is a borrowed sum of money that is repaid over an extended duration. Some term loans may have relatively short durations, spanning just a few years, while others can extend as long as 30 years, reminiscent of a mortgage repayment plan.
In the context of business term loans, borrowers typically have a minimum of five years to repay the loan. If you're interested in understanding how term loans function and why businesses opt for them, you'll discover that they offer an attractive return on investment for lenders. This is because interest enables money lenders, including banks, to generate substantial profits when they extend loans to businesses. Over the course of an extended period, such as 20 or 30 years, even a modest interest rate can result in significant profits.
Long term business loans are attractive by nature. They provide business owners with opportunities they otherwise wouldn’t have. If a company needs to borrow 50,000 dollars, the bank can lend you the money and have you make small monthly payments over the extended time frame. The payments are small enough to not affect your business, and you can acquire all the items, parts, and services you need for your business operations, which you otherwise may not have been able to get without the funding.
Contact us today, and our team will assist you through the Term Loan process.
