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Business Term Loans
Amerifi Capital Group |
Business Term Loan
Business Term loans offer a straightforward, affordable funding solution for small businesses. When someone thinks of a business loan in the general sense, they’ll likely think of a traditional term loan. A traditional business term loan is a lump sum of capital that you pay back with regular repayments at a fixed interest rate.
The set repayment term length will typically be one to five years long. Most business owners use the proceeds of term loans to finance a specific, one-time investment for their small business. Furthermore, traditional term loans are versatile, and companies often use them to fit a variety of needs.
Like an
SBA Loan, these loan terms are typically ideal. See the minimum requirements & start the process below.
Like an SBA loan, the terms of a traditional term business loan are ideal. First, you’ll have to fulfill the following minimum requirements before applying:
- At least one year in business
- $90,000+ in annual revenue
- 600+ personal credit score
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Products offered by Amerifi Capital Group and affiliates are business loans only. The products may be provided by third parties and subject to lender approval. Certain products may not be available in all states. The information provided through Amerifi Capital Group does not constitute legal, tax, financial or accounting advice, and should not be considered a substitute for obtaining competent personalized advice from a licensed professional.