Business Financing

Term Loan

A business term loan allows you to secure a lump sum with few restrictions on usage and a fixed or variable rate.

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$25K-500K
Financing Amount
Low as 6.00%
Interest Rate
72 Hours
Fastest Funding

Better Way Solutions Is Your Best Source for Term Loans


Our financing experts, underwriting, and closing teams ensure your application is processed efficiently with a higher likelihood of approval.

Easy Application Process


It takes just four minutes and some basic information to get started, and we’ll guide you through every step of your application from there.

Fast Turnaround on Funds

Get an approval decision in as little as 24 hours and have your funds deposited within 48 to 72 hours after you accept your financing offer.

Industry-Leading Support

We'll help you determine your fit for a Business Term Loan with complete transparency and work with you to secure the best rate and terms.​

Overview of Business Term Loans

What Is a Business Term Loan?

A business term loan provides small business owners with a lump sum of cash that is paid back on a fixed schedule over a set period (i.e., a loan “term”).

At A Glance

Few Restrictions on Usage
Lower Interest Rates - Interest rates may be fixed or variable and start at 6.00%.
Flexible Repayment Terms
Repayment terms are from six months to seven years.

A business term loan is often used to purchase specific, fixed assets. However, there are a variety of other use cases.

Use Cases

Buy or Expand Real Estate
Purchase New Equipment
Secure Working Capital
Refinance Existing Debt and More

Use Cases for Business Term Loans

What Can a Business Term Loan Be Used For?

Requirements for Business Term Loans

Is a Business Term Loan Right for You?

Lenders’ business term loan requirements will vary, but the following are the minimum criteria.

Minimum Criteria

Own a For-Profit Business in the U.S.
Must be a Corporation, LLC, Partnership, or Sole Proprietorship
At Least $50,000 in Annual Revenue
Operating for at Least Six Months
Minimum Credit Score of 550

HOW TO APPLY FOR A COMMERCIAL LOAN

Our Financing Application Process

1. Start Your Financing Application
2. Connect With a Financing Expert
3. Get Approved for a Business Term Loan
4.Accept Business Term Loan Offer and Receive Funds

FAQs About Business Term Loans

Questions? We Have Answers.

What is a business term loan?
What kinds of businesses are best suited for term loans? 
What are some advantages and disadvantages of business term loans?

Ready to Get Started?

Start your financing application today in just four minutes.

Start Your Financing Application