![Happy Friends](https://static.wixstatic.com/media/11062b_dd7168bb613c4f4eaf45e9cde335c829~mv2.jpg/v1/fill/w_79,h_53,al_c,q_80,usm_0.66_1.00_0.01,blur_2,enc_auto/11062b_dd7168bb613c4f4eaf45e9cde335c829~mv2.jpg)
LONG TERM
Term loan is a common form of long term business funding. You get a lump some of cash upfront to invest in your business and repay with interest over a predetermined time period. Best for businesses looking to expand that have good credit and strong business revenue. Offers fast funding typically within 2 days to a week.
Pros:
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Weekly or monthly repayment schedules.
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Qualify for higher loan amounts.
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Good for long-term capital needs.
Cons:
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Generally a more stringent application process during the loan review.
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Loan approval may require some type of collateral or a personal guarantee.
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Longer time in business usually required.
Best for:
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Businesses looking to grow and expand.
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Business owners with good credit who can't wait for longer funding options such as with SBA loans or equity financing.
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A preferred alternative to equity financing.
![Shop Owner on Phone](https://static.wixstatic.com/media/11062b_47e61cf8e1bc499aa736758d328d2ec9~mv2.jpeg/v1/fill/w_481,h_321,al_c,q_80,usm_0.66_1.00_0.01,enc_auto/Shop%20Owner%20on%20Phone.jpeg)
Our 3 Step Process
![It works.jpg](https://static.wixstatic.com/media/21bd46_85ac8f747c2f43adb62c91a24e9c7577~mv2.jpg/v1/fill/w_62,h_42,al_c,q_80,usm_0.66_1.00_0.01,blur_2,enc_auto/It%20works.jpg)
1. Apply In Less Than 5 Minutes.
Fill out our simple application. This will have no impact on your credit, there's no fee, and there's no obligation to accept funding.
![It works two.jpg](https://static.wixstatic.com/media/21bd46_dd15bd23be2a479cbda7ad48794f553e~mv2.jpg/v1/fill/w_62,h_42,al_c,q_80,usm_0.66_1.00_0.01,blur_2,enc_auto/It%20works%20two.jpg)
2. We review your application
We review your goals and present you with different programs matching your needs, getting an offer in 24 hours.
![three works.jpg](https://static.wixstatic.com/media/21bd46_a30fa6acf25e480aae8d810de0ae9b60~mv2.jpg/v1/fill/w_62,h_42,al_c,q_80,usm_0.66_1.00_0.01,blur_2,enc_auto/three%20works.jpg)
3. Receive funding
Choose the program that fits you best and receive funding within 48 hours.