Title: Small Business Term Loan Guide | Fast Capital 360®
Headings: Business Term Loans
Business Term Loans
How much do you need?
What Is a Business Term Loan?
How Do Business Term Loans Work?
Loan Term
Interest Rates
Repayment
What Will a Business Term Loan Cost?
Types of Business Term Loans
What Are the Pros and Cons of a Business Term Loan?
Pros
Cons
How Can I Qualify for a Business Term Loan?
Build Your Credit Score
Understand Your Lender’s Requirements
Gather Necessary Documents
How Can I Apply for a Business Term Loan?
Complete our simple and secure application, and we’ll pair you with term loan lenders.
Applying is fast, easy — and most importantly — won’t impact your credit.
One application. Multiple loan offers.

Content: Pros
Competitive interest rates: Note that rates vary according to lenders, but business term loans often have lower interest rates compared to other financing options. Businesses that qualify for term loans usually have strong credit histories and have been in operation for at least a year; these factors increase your likelihood of obtain lower loan rates. Extended repayment terms: You’ll repay the funding and interest in monthly installments in 1-5 years. Shorter-term financing requires weekly or sometimes daily payments over a shorter period of time. Flexibility in using funds: Some financing options limit how you can use the funding (e.g. equipment financing). Business term loans can be applied to various endeavors — such as hiring or acquiring another business as well as purchasing property and equipment — that will help your business grow.