Business Term Loans
Nu River Capital
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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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