Business term loans with a fixed amount and a fixed schedule
Borrow a set amount, repay on a fixed schedule, and know the total cost before you sign.
Financing is provided by third-party lenders. Capital Ally is not a lender. Terms and eligibility vary.
At a glance
- Typical amount
- $25K to $2M
- Typical term
- 1 to 5 years
Ranges are typical for this type of financing. Your amount, term and pricing depend on the lender and your business profile.
How this financing works
A business term loan is the straightforward option: one lump sum, a fixed repayment schedule, a rate that sits between SBA and short-term products. It suits a project with a clear budget and a clear return, such as opening a second location, buying inventory ahead of a season, or consolidating more expensive debt.
Underwriting is lighter than SBA. Most lenders want recent bank statements, a year or more of operating history and owner credit around 600 or better. Capital Ally lays the offers side by side so the rate, term and any prepayment terms are clear before you choose.
Common business uses
Open a new location
Cover the build-out, deposits and opening inventory on one schedule that matches when the location starts producing.
Consolidate debt
Replace several daily or weekly payments with one monthly payment at a lower total cost.
Large purchases
Vehicles, machinery, technology or a bulk inventory buy where the vendor wants payment up front.
What lenders typically look for
General guidelines for this type of financing. Each lender sets its own requirements, and meeting them does not guarantee an offer.
- Twelve or more months in business
- Owner credit around 600 or better
- Consistent monthly revenue shown in bank statements
- No open bankruptcy or recent default
Questions about term loans
All questionsIs the rate fixed?
Most term loans carry a fixed rate and a fixed payment for the life of the loan, which is what makes them easy to budget.
Are there prepayment penalties?
Some lenders charge one, some discount the remaining interest if you pay early. Capital Ally shows you which before you sign.
What affects the timeline?
How complete your documents are, the loan amount and whether collateral is involved. The lender sets the timeline.
Capital Ally
Considering term loans?
Check eligibility in a few minutes, then compare the offers you receive by their full cost before you decide. Checking does not affect your credit score.