Small Business Term Loan
A lump sum up front with fixed payments over a set term, so you always know what you owe.
At a glance
- Funding
- One lump sum
- Payments
- Fixed, predictable
- Decision
- Under 24 hours
- Best for
- Planned investments
What businesses use it for.
Expansion
Open a second location or remodel the first.
Big purchases
Vehicles, machines and technology.
Refinancing
Replace higher-cost debt with one payment.
A good fit if…
- You have a clear project with a clear cost
- You prefer the same payment every period
- You have been in business a year or more
- You want to build business credit
All you need to apply.
$50K+monthly revenue
4recent business bank statements
IDand a voided business check
Questions, answered.
How long are the terms?
Terms depend on your business and the funding partner. Your specialist will show you every option side by side.
Can I pay it off early?
Many term loans allow early payoff. Ask your specialist to confirm the terms of your specific offer.
What do I need to apply?
A short application, your last 4 business bank statements, a photo ID and a voided business check.
Other ways to fund your business
Let’s get your business moving.
One short application. A Blue Ridge specialist will show you every option that fits.
Apply nowQuestions? Email info@blueridgeadvance.com