One lump sum, fixed monthly payments, a defined term. Compare business term loan offers from multiple lenders — and see who gives you the best rate.
Check My Eligibility →A business term loan is a lump sum of capital repaid with fixed monthly payments over a set term — usually 6 months to 10 years. Because the payment is predictable, it is one of the most straightforward ways to finance expansion, inventory or a large purchase.
Term loans can be secured (backed by collateral) or unsecured, short-term or long-term. Through BidMyCapital one application is shared with 50+ lenders who compete for your business, so you can compare rates and terms without applying bank by bank.
You receive the full amount up front and start repayment on the agreed schedule.
Predictable payments make cash flow planning simple for the life of the loan.
Choose a term that fits — shorter means less interest, longer means lower monthly payments.
Rates vary widely by lender and risk profile. Online and alternative lenders typically price short-term business loans with factor rates or APRs in the 8% to 30%+ range, while banks and SBA products offer lower rates to well-qualified borrowers. Always compare the total dollar cost, not just the rate.
Most lenders want at least 12 months of operating history.
Revenue shows your capacity to service the monthly payment.
Unsecured term loans generally prefer stronger credit; secured loans are more flexible.
Recent statements help lenders verify revenue and cash flow.
BidMyCapital's network funds business term loans from roughly $50,000 to $500,000 and up, depending on revenue, credit and collateral.
Some short-term and secured lenders work with lower credit scores, but term loans are more credit-sensitive than revenue-based products. If your score is under 600, a merchant cash advance or RBF may be easier.
Short-term loans (6 to 24 months) fund fast and carry higher effective costs. Long-term loans (3 to 10 years) have lower monthly payments and are usually available to stronger borrowers.
Online lenders can often fund within days. Bank and SBA loans take longer. Comparing multiple offers at once through BidMyCapital shortens the timeline.
Secured loans (collateral) unlock larger amounts and better rates. Unsecured loans are faster and carry no collateral risk, but cost more.