lighthouse-business-capital-business-term-loan-financing

What Is a Business Term Loan?

Term loans are fixed-rate loans that you must repay according to a preset schedule (or earlier, if you're able to and your lender doesn’t impose prepayment penalties). In some ways, they’re like mortgages or auto loans. They’re ideal for small businesses that need a lump sum of money to buy inventory, order new equipment, supplement cash flow, or increase staff.

These loans can be for as little as $5,000.00 or as much as $5 million or more, and you may need to repay them over a few months or over a 25-year term; it all depends on your business’ needs and the loan you qualify for. Short-term loans are ideal for sudden gaps in financing, such as if you receive a large order and need to purchase new inventory, cover payroll or marketing costs.

Apply Now

What Is a Business Term Loan?

Term loans are fixed-rate loans that you must repay according to a preset schedule (or earlier, if you're able to and your lender doesn’t impose prepayment penalties). In some ways, they’re like mortgages or auto loans. They’re ideal for small businesses that need a lump sum of money to buy inventory, order new equipment, supplement cash flow, or increase staff.

These loans can be for as little as $5,000.00 or as much as $5 million or more, and you may need to repay them over a few months or over a 25-year term; it all depends on your business’ needs and the loan you qualify for. Short-term loans are ideal for sudden gaps in financing, such as if you receive a large order and need to purchase new inventory, cover payroll or marketing costs.

Apply Now

Contact a specialist today: (855) 322-3807

If you’re a small business owner, you know that the only thing keeping your company afloat and growing is positive cash flow and robust working capital. Just because a customer is late on an invoice doesn’t mean that you can be late on payroll. And if you want to expand your business or order more inventory, you’re going to need cash on hand to do it.

As skilled as you may be at forecasting and managing your income and expenses, opportunities can come at you unexpectedly. For example, maybe that big-box store wants to place a large order for your products — that means you must put in an order first and accept the chain’s long payment terms. Would you be able to afford it?

Fortunately, at Lighthouse Business Capital we have access to the best small business loans in the marketplace. As a marketplace broker platform, we can offer many options available to small businesses that other traditional banking options may not.

Contact a specialist today:
(855) 322-3807

If you’re a small business owner, you know that the only thing keeping your company afloat and growing is positive cash flow and robust working capital. Just because a customer is late on an invoice doesn’t mean that you can be late on payroll. And if you want to expand your business or order more inventory, you’re going to need cash on hand to do it.

As skilled as you may be at forecasting and managing your income and expenses, opportunities can come at you unexpectedly. For example, maybe that big-box store wants to place a large order for your products — that means you must put in an order first and accept the chain’s long payment terms. Would you be able to afford it?

Fortunately, at Lighthouse Business Capital we have access to the best small business loans in the marketplace. As a marketplace broker platform, we can offer many options available to small businesses that other traditional banking options may not.

How Does the Application Process for Small Business Term Loans Work?

The application process for a business loan depends on the type of lender you’re requesting money from. If you’re applying for a loan from an online lender, you might just need to fill out a short application and send them a few supporting documents. You should hear back in a few days or a week at most.

At Lighthouse Business Capital, the Application Process is fast and seamless.

A signed application by all owners

4 months of business bank statements

A debt schedule of the business liabilities

Get in Contact with our Trained Specialist.

Product Guidelines

1Interest Rates:

As low as Prime Rate +2

2Loan Terms:

3 – 15 Months for short-term loans

3Loan Amounts:

Up to $3,000,000 unsecured

4Usual Deposit Time:

You can get a decision in 24 hours to 48 hours

5Origination Fee:

0% – 3%

6Minimum Credit Score:

600

Get Approved