Term Loan

Tailored for established entrepreneurs with financial stability, a long-term business loan offers expansive growth capital with reduced interest rates and extended repayment terms.

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What is a Business Term Loan?

A business term loan involves borrowing a fixed sum from a lender and subsequently repaying it at regular intervals, along with interest, over a predetermined period. The repayment schedule may vary, occurring weekly, bi-weekly, or monthly, depending on your lender. These repayment periods can extend from a few months to over 10 years, providing flexibility based on your business needs.
 
Lender-dependent, interest rates for business loans exhibit variability, presenting as either fixed or variable. Fixed rates remain constant, whereas variable rates fluctuate based on market conditions.

Ideal Financing For Your Business

Empowering borrowers to implement expansive growth strategies, business term loans enable the financing of initiatives over the loan’s lifespan. Whether you’re advancing through the next stage of your business plan, establishing a new location, acquiring/leasing equipment, diversifying into new markets, expanding your team, or launching a new product, term loans serve as a valuable resource to propel you into your next phase of growth.
 
Optimal for strategic business expansion and long-term growth objectives, extended-term loans parallel the approach of investing in a house or pursuing a college education. Given that many business endeavors require time to yield returns, the lower monthly repayment installments associated with long-term loans provide your business with the flexibility needed to sustain positive cash flow.

Quick Application

The application process is swift and straightforward, with automatic debits at a steady rate from your account each month. This ensures the peace of mind that your payments will remain consistently predictable.

High Approvals

As your funding request aligns directly with your growth strategy, we secure access to the maximum dollar amount you qualify for, all the while ensuring competitive rates and extended terms.

Automatic Remittances

Remittances occur automatically, calculated based on a factor rate, and are incrementally debited as a percentage of upcoming credit card and debit card sales. These automatic deductions take place from the business bank account where the funds were initially deposited.

Loan Amount From $15,000 - $500,000

Business Term Loan Details

Qualifying Criteria:

  • 650+ credit score
  • 24+ months in business
  • $10,000+ average monthly bank deposits

Required Items:

  • Signed one page funding application
  • 3-5 most recent business bank statements
  • Business tax returns (not all cases)

No Collateral Requirements

Advantages

  • Lower interest rates
  • Enhanced cash flow flexibility allows you to allocate your remaining funds towards immediate operational expenses and unforeseen emergencies.
  • Long term payment structure
  • Qualifying for it can pose more significant challenges.

Disadvantages

  • Enhancing your credit limit can pose a challenge.
  • Lines of credit frequently feature more modest borrowing limits, and if used imprudently, additional fees and charges can accumulate.
  • Qualifying for business lines of credit may pose greater challenges compared to alternative financing options.

Why Choose Us?

Different from conventional banks and other alternative lenders, BHS Business Funding places genuine importance on your business. Your prosperity holds the utmost significance for us, and we are committed to avoiding excessive financial commitments that your business might find challenging. Our uncomplicated application process, coupled with swift approvals, facilitates the seamless acquisition of the working capital essential for your business. Moreover, our seasoned funding consultants are dedicated to guiding you through every stage of the process.

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