Term Loan
One sum, a fixed rate, and a repayment you can write into next year's budget.
- Amount
- $20,000 – $1,000,000
- Cost
- From 5.5%
The six programmes
Term Loan
One sum, a fixed rate, and a repayment you can write into next year's budget.
- Amount
- $20,000 – $1,000,000
- Term
- 12 – 36 months
- Cost
- From 5.5%
- Funded in
- 1 – 2 days
Most often: Healthcare
What a term loan is for
A chair, a scanner, a fit-out. Planned, costed, and worth knowing the repayment on before you commit.
A term loan is a single sum repaid at a fixed rate over a fixed period. It is the plainest of the six and the right one for a decision you have already costed — a fit-out, a second site, a hire you have been putting off — because you know what it costs before you commit to it.
There is no restriction on what the money is spent on, and no penalty in the structure for spending it on something dull. Paying suppliers down and buying a machine are the same loan.
What it gives you
Why a business takes this one
- Fixed rate, so the repayment never moves
- No restriction on what the capital is used for
- Repayment history builds the business's credit file
- Nothing payable to Quick Funding Spot, at any stage
The application
Apply
About fifteen minutes, across six screens. No fee, no obligation, and no mark on the owner's credit score. One application reaches every lender in the network at once.
Rather talk to somebody first? (844) 236-2905.
The six programmes
This one, among the six
Business Line of Credit
A facility that sits there costing nothing until the week it earns its keep.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Short-Term Business Loan
The fastest of the six, for the gap that will not wait for a decision.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Business Working Capital
Funding for the running of the business, not for a single purchase.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Equipment Financing
The longest term of the six, and the only one where the thing you buy is the security.
- Amount
- $10,000 – $1,000,000
- Cost
- From 4.5%
Revenue-Based Funding
Repayment that follows the takings: less in a slow week, more in a good one.
- Amount
- $10,000 – $500,000
- Cost
- Not published
