Term Loan

A term loan is a strategic financing tool that can significantly support business growth and expansion. This financial instrument provides businesses with a lump sum of capital, repayable over a predetermined period through regular installments.

Key features of term loans:

Fixed borrowing amount: Businesses receive the entire loan amount upfront.
Defined repayment schedule: Regular payments (usually monthly or quarterly) over a set term, typically ranging from one to ten years.
Predictable costs: Fixed or variable interest rates, allowing for accurate financial planning.
Flexibility in use: Funds can be allocated to various business needs, such as:
- Expanding operations
- Purchasing equipment
- Investing in new projects
- Refinancing existing debt

Advantages of term loans:

Lower interest rates: Often more affordable compared to other financing options, reducing overall borrowing costs.
Improved cash flow management: Predictable repayment schedules facilitate effective resource allocation.
Larger funding amounts: Suitable for substantial investments or long-term projects.
Potential tax benefits: Interest payments may be tax-deductible, subject to applicable regulations.

Considerations for businesses:

Creditworthiness requirements: Lenders typically assess the business’s financial health and credit history.
Collateral: Some term loans may require assets as security.
Prepayment penalties: Early repayment might incur additional fees.

By providing access to substantial capital with structured repayment terms, term loans enable businesses to:

Seize growth opportunities
Enhance operational efficiency
Invest in long-term assets
Achieve strategic objectives

When considering a term loan, businesses should carefully evaluate their financial projections, repayment capacity, and the potential return on investment. This financing option can be a powerful tool for companies seeking to fund significant initiatives while maintaining financial stability and predictability.

Application Form

INDIVIDUAL/PRINCIPAL INFORMATION

First Name

First

Last Name

Last

% Ownership

Address

Street Address Address Line 2 City County / State / Region ZIP / Postal Code

Mobile Number

Date of Birth

SS#

Co-owner Information

First Name

First

Last Name

First

Title

% Ownership

Address

Street Address Address Line 2 City County / State / Region ZIP / Postal Code

Mobile Phone

Date of Birth

SS#

What is your credit score rating?

800 to 850: Excellent Credit Score.

740 to 799: Very Good Credit Score.

670 to 739: Good Credit Score.

580 to 669: Fair Credit Score.

300 to 579: Poor Credit Score.

By signing below, each of the above listed business and business owner/officer (individually and collectively. "you") authorize Loan Broker and each of its representatives, successors, assigns and designees ("Recipients") that may be involved with or acquire commercial loans having daily repayment features or purchases of future receivables including Merchant Cash Advance transactions, including without limitation the application therefore (collectively, "Transactions") to obtain consumer or personal, business and investigative reports and other information about you, including credit card processor statements and bank statements, from one or more consumer reporting agencies, such as TransUnion, Experian and Equifax, and from other credit bureaus, banks, creditors and other third parties. You also authorize Loan Broker to transmit this application form, along with any of the foregoing information obtained in connection with this application, to any or all the Recipients for the foregoing purposes. You also consent to the release, by any creditor or financial institution, of any information relating to any of you, to Loan Broker and to each of the Recipients, on its own behalf.

Owner Signature

Co Owner Signature

Printed Name

Date

Application Form

Name

Number

Residential Commercial

Type of service

What is your credit score rating?

Message

Term Loan

Application Form

INDIVIDUAL/PRINCIPAL INFORMATION

Co-owner Information

Application Form

(702) 812 4383