Term Loans

  • Receive up to 25% of your annual sales
  • Term loans range from 2 to 4 years
  • Term loan / secured loan APR is from 8.99% to 12.49% annually
  • Fixed payment is an ACH bi-weekly and monthly payments
  • Bankruptcies must be discharged one year with paperwork and tax liens in a payment plan
  • Minimum $25,000 gross monthly volume required
  • Merchant must net at least 50% of the loan after the payoff of a current balance
  • Minimum 2 years in business required
  • No negative days in the bank statements, prefer profitability in the tax returns
  • Interest can be written off in business taxes using a 1099-INT form
  • Minimum unsecured loan FICO is 480, secured loan is 620 to apply with 6 months of bank statements