Term Loans
A fixed amount, a fixed schedule, and weekly payments instead of daily debits. Pay it off early and half the remaining interest comes off.
✓ Checking which term loan your business qualifies for does not affect your credit score.
No origination fee taken off the top, so the amount you are approved for is the amount that lands.
Most business loans charge you the full interest whether you hold the money for two months or eighteen. That makes paying early pointless.
Here, a full early payoff earns a 50% discount on the remaining interest. If a job pays out, or a slow season ends better than expected, clearing the balance early genuinely saves you money.
A merchant cash advance debits your account every single morning, which means you never see a full day of deposits. A weekly payment leaves the rest of the week intact.
For most operators that difference matters more than the headline rate. If you are currently on daily debits, refinancing into weekly payments is usually the first thing to look at.
One short application covers the term loan; seeing your offer has no effect on your credit score.
The term-loan review reads revenue, years in business and bank activity, with the score as one factor.
The loan amount, the 12–18 month term and the total payback are shown before you sign.
Once the term loan is signed, the money typically lands the next business day.
Three features of the term loan in the guidelines on file change how it should be sized and when it should be paid off.
The loan is capped at 15% of annual revenue. A business with $400,000 in annual deposits can borrow up to $60,000; one with $1,200,000 can reach $180,000. If you need more than the cap, a line of credit or a mix of products may cover the rest.
The term loan has to be the first financing on the account. If you already carry an advance, it would need to be paid off, typically through a buyout, before the term loan can close. That changes the comparison: the right question is whether retiring the advance and replacing it with weekly payments costs less over the year.
Paying the full balance early takes 50% off the interest still scheduled. Illustrative example: eight months into a 12-month loan, $4,000 of interest remains on the schedule. Paying the balance in full that week saves $2,000. Partial prepayments do not trigger the discount, so if you expect a large receivable, plan to pay off in one step.
Weekly debits land on the same weekday. If most of your deposits arrive late in the week, ask for a Friday debit; if they arrive Monday, ask for Tuesday. Check a full month in daily vs weekly payments before signing.
Terms from the written guidelines on file, reviewed October 2026. Your offer governs.
From $10,000 up to $250,000.
No. The origination fee is 0%.
Weekly.
A full early payoff earns a 50% discount on the remaining interest.
12 to 18 months.
A term-loan decision comes the same day, and funds arrive the next business day after signing.
A same-day decision on the term loan, from an application that takes a few minutes and leaves your credit score alone.
