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  • Term Loans

Flexible Term Loans for Long-Term Growth

Term loans are a trusted option for business owners looking to make a meaningful investment. Whether you’re upgrading equipment, expanding a location, or paying off high-interest debt, a term loan gives you the breathing room to plan ahead and the confidence to grow. With longer repayment terms, fixed payments, and fast approvals, a flexible term loan might be just what you need for long-term growth.

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Program Snapshot

Loan Amounts

$10K – $5M

Term Lengths

6 months – 10 years

Repayment Frequency

Weekly, Bi-Weekly, or Monthly

Interest Rates

Competitive market rates

Credit Pull

Soft

Closing Time Frame

Typically less than 1 week

Why Choose a Term Loan?

Predictable, Fixed Payments

Lock in consistent payments that make it easier to budget.

Longer Payback Periods

Terms of up to 7 years reduce your monthly burden.

No Prepayment Penalties

Pay it off early and save without fees.

Fast Funding

Get approved and funded within days, not months.

Flexible Use of Funds

Whether you're planning a renovation, purchasing assets, or consolidating debt, a term loan can help.

Common Uses for Term Loans

Purchasing equipment or fixed assets

Renovating or expanding a physical location

Hiring staff or investing in marketing

Managing operational cash flow

Consolidating higher-interest debts

Documents You'll Need to Apply

  • Basic credit application
  • 6 months of business bank statements
  • Government-issued photo ID
  • Voided business check or bank letter
  • Year-to-date financial statements (P&L and Balance Sheet)
  • Last 2 years of business tax returns (for requests over $125K)
  • Business debt schedule and personal financial statement
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FAQs

A business term loan is a lump sum of funding you receive upfront and repay over a fixed period—usually with set monthly, bi weekly or weekly payments and a fixed interest rate. It’s one of the most predictable ways to finance long-term business growth.
You can use a term loan for almost any major business expense—such as expanding locations, purchasing equipment, refinancing debt, or funding large projects that require a one-time cash injection.
Lenders typically look at your time in business, annual revenue, credit history, and cash flow. While good credit can help you qualify for better rates, we work with lenders who offer flexible options for a wide range of credit profiles.
Yes, depending on your revenue and business stability. Small Biz Heroes partners with multiple funding sources that approve borrowers with less-than-perfect credit, though interest rates may be higher.
Business term loans can range from $10,000 to over $5 million, depending on your business qualifications, revenue, and ability to repay.
Most term loans are unsecured, while others may require collateral—especially for higher loan amounts or better interest rates. We can help match you with the right lender for your needs.
Repayment terms typically range from 6 months to 10 years. Longer terms mean lower monthly payments, while shorter terms help you pay off the loan faster.
With the right documentation, some lenders can fund in as little as one week, though larger loan amounts may require more time for underwriting.
Yes—if your lender reports to the business credit bureaus, on-time payments can help you build a strong business credit profile, improving your ability to secure future funding.
A term loan is typically used for long-term investments and has longer repayment terms, while cashflow financing is designed for short-term operational expenses and is repaid more quickly.