1Step one.  Apply Now, it only takes minutes

2Step two.  We evaluate your business loan needs

3Step three.  Choose your term loan and get funded

Get A Business Term Loan Now

Empowerlending provides business term loans with flexible options to accommodate your business’s unique needs. Each funding option offers valuable features that can help you accomplish your goals. 

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  • Term loans from
    $5,000 to $750,000
  • Decision as fast as 24 hours and funds in as few as 3 days

  • Term lengths from 3
    months up to 5 years

Get a Term Loan made exclusively for small businesses

A business term loan is a lump sum of capital that you pay back with regular repayments at a fixed interest rate—this type of traditional financing is what most people think of when it comes to small business loans.

The “term” in “term loan” comes from its set repayment term length, which can range from a few months to several years depending on the type of loan. Therefore, although term loans can vary in length, the phrase “business term loan” is most often used to refer to loans with terms of one to five years.

Generally, business owners use the proceeds of term loans to finance specific, one-off investments for their small businesses such as real estate purchases, business expansions, debt refinancing, and more.

Business term loans are issued by banks, credit unions, and online lenders.

Get a term loan through
EmpowerLending to:

  • Expand into new territories

  • Purchase inventory

  • Increase production

  • Factor payroll extensions

  • Do large-scale inventory buyouts

  • Purchase new equipment

  • Fund product development

Qualifications for a Business Term Loan – Same Day Approval

Over $300k

ANNUAL REVENUE

680

CREDIT SCORE

Over 3 Years

TIME IN BUSINESS

*Based on past EmpowerLending Customers

Business Term Loans Frequently Asked Questions

A term loan is probably what you are thinking of when you say “small business loan.” It’s a classic financing option to help boost small business growth. A small business can borrow a lump sum from a lender with a business term loan, which is paid back in steady increments over the given borrowing period, or term.

Not all commercial term loans are the same. Loan amounts range from a few thousand dollars to several million dollars. Revenue from your company, duration of operation and personal and/or business credit score are key factors in determining how much a lender is willing to offer and what the interest rate will be. Usually the annual percentage rating (APR) starts at around 6% and reaches up to 99%.

Business term loans are used to make longer term investments in your business, including the purchase of fixed assets, investment in new technology, and hiring staff. Best practice is to match the maturity of a term loan with the useful life of the asset being financed.

The basic mechanics of term loans are simple: you receive the lump sum upfront (minus any fees charged by the lender). You’re then responsible for repaying the loan amount in full over the period of the term, plus interest.

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