Business Term Loans for Your Next Big Move
Get a lump sum up to $500,000 with fixed monthly payments and terms up to 12 years. Funds land within three days of approval.
We're a Funding Partner
with a Proven Track Record
Since 2008, we've grown with the companies we support.
A Small Business Loan Tailored to Your Needs
Your Business Term Loan at a Glance
| Loan Amounts and Terms |
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|---|---|
| Repayment Schedule |
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| Requirements |
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| Funding Time |
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Funding up to $500k
Term up to 12 years
Fixed Monthly Repayments
Time in business 2+ years
Within 3 days of approval
How Does A Compare?
Do You Qualify for a Small Business Term Loan?
Review the requirements below to assess eligibility for our small business term loans. These are baseline criteria, but approval is also based on your overall revenue profile.
| Time in Business | 6+ Months |
|---|---|
| Business Annual Growth Revenue | $240K+ Annual Revenue |
| Business Checking Account | Yes |
| US Citizen/Based Company | Yes |
| FICO Score | 570+ |
| Other Financing | None |
| Bankruptcies | None open |
Get a Business Term Loan Today
1
Apply
Submit the easy online application within minutes and a Capital Specialist will call to discuss your funding request.
2
Get A Decision
You will receive your approval status after submitting all necessary documentation.
3
Receive Your Funds
You'll receive a lump-sum payout within 3 days of offer acceptance. Spend it at your own pace, as you need it.
Putting Your Business Term Loan to Good Use
Big moves shouldn't come out of operating cash. Use your term loan for planned, larger investments where a fixed monthly payment makes the math predictable.
Funding Expansion Efforts
Opening a second location, entering a new market, or scaling your team all require the capital required for expansion before the investment starts generating returns. A term loan delivers a defined lump sum with fixed monthly payments, so your cost of growth is predictable from day one.
Supporting Cash Flow
Seasonal dips, delayed receivables, and uneven billing cycles can squeeze operating liquidity even when business is healthy. A term loan shores up cash flow with a defined payback window rather than an indefinite revolving balance.
Acquiring Inventory in Bulk
Bulk purchasing reduces per-unit cost but requires committing capital upfront. A term loan funds the inventory purchase in full without depleting operating reserves, then repays over a term aligned to the selling cycle.
What Sets Us Apart from the Rest
Business Term Loans FAQs
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Business loan terms vary widely by product and lender. Short-term loans typically carry terms of 3 to 18 months. Medium-term loans run 1 to 5 years. Long-term loans, including SBA products and conventional bank financing, can extend 10 to 25 years depending on the purpose. Fora Financial's term loans offer repayment periods up to 12 years, with fixed monthly payments throughout.
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Short-term business loans deliver a lump sum that is repaid over a compressed timeline, typically 3 to 18 months, through daily or weekly automated withdrawals. Because the repayment period is short, periodic payments are higher than they would be on a longer-term product for the same borrowed amount. Short-term loans are best suited to defined, near-term needs where the business expects the capital to generate a return quickly enough to service the accelerated repayment.
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Common examples of business term loans include SBA 7(a) loans for working capital, equipment, and acquisition; conventional bank term loans for planned investments and real estate; equipment financing where the asset serves as collateral; and non-bank term loans from online lenders for faster, more accessible capital. Fora Financial's term loan is a non-bank product offering up to $500,000 with fixed monthly payments and terms up to 12 years.
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Term loan rates vary significantly by lender type, borrower profile, and loan structure. Traditional bank term loans for well-qualified borrowers typically run 7% to 10% annually. SBA 7(a) loans carry variable rates capped by the SBA based on loan size and term, currently ranging from 9% to 13.25% depending on loan size. Non-bank term lenders, including online lenders, typically use factor rates rather than interest rates. A factor rate of 1.20 to 1.45 on a $100,000 loan results in $120,000 to $145,000 in total repayment. Comparing products on total repayment amount rather than rate label gives the clearest picture of true cost across lender types.
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Term loans are best suited to established businesses with a defined capital need and a repayment timeline they can plan around. They work well for construction companies covering payroll and materials between draws, manufacturers purchasing raw materials ahead of a production cycle, retail businesses stocking inventory before peak seasons, and medical practices upgrading equipment or bridging reimbursement delays. The common profile is an established business with consistent revenue that needs a fixed amount for a defined purpose and wants a predictable monthly payment to plan against.
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No. Applying for a business term loan through Fora Financial uses a soft credit check, which does not affect your personal credit score. You can check your options and review any offer without any impact to your credit. There is no cost to apply and no obligation to accept.
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Fora Financial does not require specific collateral for qualifying businesses. No real estate, equipment, or other assets need to be pledged. A personal guarantee is standard, meaning the business owner accepts personal responsibility for repayment if the business cannot pay. Confirm the collateral and guarantee terms that apply to your specific offer with your Capital Specialist before accepting.
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To qualify for a business term loan from Fora Financial, your business generally needs at least 6 months of operating history, $240,000 or more in annual revenue, and a personal credit score of 570 or above. Cash flow consistency and overall revenue trends are also reviewed. These are minimum thresholds, stronger profiles typically qualify for higher amounts and better terms. No pledged collateral is required for qualifying businesses.
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Payments on a Fora Financial term loan are fixed. The same amount is withdrawn on the same schedule for the full repayment term. There are no surprise payment changes, no balloon payments at the end, and no adjustments tied to revenue performance. Fixed payments make it straightforward to plan around the repayment obligation from the day you accept the offer. This is different from Fora Financial's revenue advance product, where repayment is tied to a percentage of daily sales and fluctuates with actual revenue.
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The application starts with a five-minute online form. You will need three months of recent business bank statements and a government-issued photo ID. That is materially lighter documentation than most competing term loan products, which commonly require 6 to 12 months of bank statements, two years of tax returns, and formal financial statements. Some applications may require additional documentation depending on loan size or business profile. For a complete overview of what lenders across the market typically request, see our small business loan application checklist.
Get Financing Today
Apply online in minutes and get an approval decision for your small business funding in as little as 4 hours.
