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Term Loan

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TERM LOAN

What is a Term Loan?

A term loan is a type of financing that provides borrowers with access to a fixed amount of capital, which they must repay over a specified period. Repayment, including interest, occurs throughout the term via regular payments, such as monthly, weekly, or daily installments, depending on the loan duration. Businesses utilize term loans to address various challenges and opportunities within their operations. Whether it's bridging payment gaps, hiring staff for projects, or investing in marketing initiatives, this form of financing offers the necessary funds to achieve business objectives. Unlike private equity, term loans do not involve an exchange of ownership. Borrowers maintain full ownership of their business post-financing, with the only risk being the financial implications of late payments or defaults.
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Minumum Requirements for a Term Loan

Funding Amount

Funding limits vary among lenders, with term financing typically ranging from $100,000 to $10,000,000

Interest Rate:

Bank lenders' rates are determined by the prime rate plus 2%, while non-bank lenders typically charge around 1% per month, with rates varying based on individual circumstances.

Repayment Terms:

Loan terms can be tailored to suit your needs and business capabilities, offering flexibility with both longer and shorter repayment periods.

Time to Fund:

With banks or credit unions, the process can take anywhere from 30 to 90 days. In contrast, our trusted banks and lenders can expedite the process, often providing funding within 1-3 business days from application to approval.

Types of Term Loans

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Testimonial

Our Clients Say It Best

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Jhone M. Client

Thank you Elsa and Lendefied! Before I came to Lendefied I had been to multiple online lending companies. ALWAYS being offered daily or weekly payments, short term, high interest loans that hurt my company more than they helped! THEN I FOUND LENDEFIED! This company makes it so easy to see all your approvals in one place on one screen and then in the click of a button I got a call from Elsa who told me what I needed to get funded by end of the week. After sending them in, the funds were in my account in 3 business days from when I received my offer! Now for the next 10 years I can enjoy having the extra working capital at a low rate and a payment I can afford. Thank you Lendefied!

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Sarah L. Client

I can't say enough good things about Lendefied. From start to finish, they were professional, responsive, and incredibly helpful. With their assistance, we were able to secure the funding we were looking to secure. Highly recommend their services!

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David R. Client

Choosing Lendefied was one of the best decisions we made for our business. Their team went above and beyond to understand our needs and provide tailored financing solutions. Thanks to their 1 year of included consulting we were able to reduce our co-packing costs by 15% and reduce our ad spend by 10% with the same results! THANK YOU ERIC AND THANK YOU LENDEFIED!

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Lisa S. Client

Thanks to their expertise, we were able to navigate the complexities of business financing and achieve our goals. Couldn't be happier!

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Welcome to Lendefied.com, the business lending marketplace that puts you first. We’re proud to offer a fee-free experience to our clients, ensuring you can secure the financial support you need without any extra costs. From lines of credit to SBA loans, equipment financing, and term loans, we’ve got you covered. Trust Lendefied.com to help you navigate your business’s monetary needs with ease and efficiency. 

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