A Term Loan is a traditional business loan where a client borrows a specific amount and repays it over a fixed period, typically with predictable monthly payments. These loans can carry either fixed or variable interest rates and often provide flexible repayment structures.
This one-pager is a client-ready overview of Term Loans. Use it to highlight stability, predictability, and repayment flexibility when discussing funding options with prospects.
👉 Keep in mind: Term Loans generally require good credit and strong financials, and they may carry higher interest rates than SBA loans.
📌 When to Pitch Term Loans
- Clients with yearly revenue of $100K+ and at least 1 year in business.
- Businesses seeking predictable monthly payments and repayment flexibility (up to 5–7 years).
- Prospects with credit scores of 660+.
- Clients who want a straightforward loan structure (borrow once, repay over time).
- Businesses looking to refinance or consolidate debt.
