providing fast working capital by advancing funds based on your business’s revenue
Small Business Loans (Term Loans)
Structured long term financing with fixed payments and a clear payoff timeline for predictable business growth.
Lump Sum Funding
Receive the full approved loan amount upfront for immediate business use.
Fixed Repayment Schedule
Make consistent scheduled payments over a defined repayment term.
Set Loan Term and Cost
Know your total repayment amount and payoff timeline at funding.
Small Business Loans
A term loan provides a lump sum upfront and is repaid on a predictable schedule over a fixed term.
What You Need To Know
A lump-sum loan repaid on a set schedule over a fixed term.
- Lump sum: You receive one upfront deposit of the full loan amount.
- Fixed schedule: Monthly payments stay predictable over the term.
- Expansion funding: A business uses a term loan to open a second location.
- Planned investment: A bakery finances a new oven with set payments.
- Not revolving: Unlike a LOC, you don’t “re-borrow” without a new loan.
What Can You Expect
Predictable payments and a clear payoff timeline for larger planned expenses.
- Predictability: Fixed payments make budgeting and forecasting easier.
- Bigger projects: Good for renovations, equipment purchases, or expansion.
- ROI-driven growth: Fund initiatives with measurable returns (marketing, hiring, buildout).
- Consolidation: Combine multiple debts into one structured payment (if allowed).
- Clear horizon: Defined term and payoff date helps planning.
Advantages & Disadvantages
Strong structure and clarity, but less flexible and may require more underwriting.
- Payment stability: Consistent payments can reduce surprises.
- Larger amounts: Often supports bigger needs than many short-term products.
- Lower flexibility: Once funded, you can’t redraw like a line of credit.
- Heavier underwriting: More documentation and verification than simpler options.
- Fee considerations: Origination and prepayment rules may affect total cost.
Your Minimum Requirements
Typically requires stronger fundamentals than MCA and sometimes LOC.
- Ability to repay: Lenders look for cash flow coverage and stability.
- Credit strength: Business and/or owner credit is often evaluated.
- Revenue proof: Bank statements and financials support underwriting.
- Operating history: Longer time in business can improve terms and approval odds.
- Collateral/PG: Our SBA7a / Term loans do not require collateral.
What Do The Rates And Fees Look Like?
Commonly priced as APR, plus potential origination and other fees.
- APR basis: Rate depends on risk, term length, and collateral. Usually 1.5-2.5% above prime rate.
- Origination fees: Common in many term-loan structures.
- Prepayment policy: All of our term loans have prepayment discounts.
- Total repayment: Best practice is to show total cost, not just rate.
- Example math: Loan amount → monthly payment → total repayment over term.
EXAMPLE: Carlos wants $150K to purchase new equipment for work
- Advance Amount: $150,000
- Amount Funded: $150,000
- Interest Applies To: $150,000
- Payment Frequency: Monthly
- Estimated Term: 6 to 10 years
How It Works
Get approved, receive your lump-sum funding, and make predictable payments over a fixed term.
Step 1: Application
Apply HERE. Submit business details and requested amount.
Step 2: Verification
Provide statements, tax returns, and/or financials.
Step 3: Underwriting
Lender evaluates risk and repayment ability.
Step 4: Funding
Receive lump-sum deposit after acceptance.
Step 5: Repayment
Make scheduled payments until fully paid.
- Flexible Repayment Terms
- 1000+ Funded Business Owners
- $175M in Lending Since 2018
Small Business Term Loan Case Study
See how businesses use term loans for expansion at Byzloan.
Sarah J, Manufacturing
The Backstory
Sarah’s manufacturing business was at 100% capacity and turning away new clients because she lacked a specific high-capacity CNC machine
The Problem
Sarah needed $150,000 for new equipment, but wanted a predictable repayment plan that wouldn’t change so she could maintain her long-term profit margins.
The Solution
Sarah quotes, “Securing a Term Loan allowed us to buy the machinery upfront and lock in a fixed monthly payment. This stability made it easy to project our overhead for the next five years. We’ve already seen a 30% increase in production capacity thanks to that one investment.”
Fast and Easy
Application
Transparent
Terms
Expert
Consultation
Fast
Funding
Small Business Loans Not The Right Fit For You?
No Problem! Check out our other loan options here!
Frequently Asked Questions
Get quick answers to the most common questions about funding, approvals, requirements, and timelines.
What is a Small Business Term Loan?
A Small Business Term Loan provides a lump sum of capital that is repaid over a fixed period with scheduled payments.
How quickly can I receive funding?
Once approved, funding is typically deposited within one to three weeks depending on documentation and lender processing.
Are payments fixed?
Yes. Payments are structured on a fixed schedule so you know your expected payment amount throughout the term.
What can I use the funds for?
Businesses with consistent revenue, a minimum operating history, stable bank activity, and a reasonable credit profile usually qualify.
What determines approval
Approval is based on business revenue, time in business, credit profile, and overall financial stability.
What Our Clients Are Saying...
Merchant Cash Advance
We opted for a Cash Advance, and the funds were in our account the next morning. It was a lifesaver. Because the repayments fluctuate with our daily credit card sales, I didn't have to worry about a huge fixed bill during our post-holiday slow down. It kept our doors open when it mattered most.
