Business Term Loans: Your Path to Sustainable Growth

Discover the power of fixed payments with our long-term and short-term loan offerings. At Sterling Street Financial, we guide you through a plethora of online lending options, ensuring you get the best rates and terms.

No Obligation,

Product Page

Apply in Minutes

Fill out our online form and get approved quickly.

Compare Options

Both secured and unsecured loans with no personal guarantee.

Customize Terms

Choose what best suits you and your company’s needs.

Get Funded

Funds in as little as 24 hours, directly to your account.

Why Should You Choose Business Term Loans?

Jack P.

Funding Advisor

Business Term Loans are the cornerstone of small business financing. By choosing this traditional loan type, you receive a lump sum upfront, which you repay with interest through fixed monthly payments over a predetermined period. Many businesses favor this model due to its predictability and its potential to support significant growth initiatives.

Fixed Monthly Payments

Longer Terms Available

Suitable for various needs

Lower Credit is Okay

Dive Deep Into Business Term Loans

When business owners think of loans, they often envision Business Term Loans. These loans have a clear repayment structure: borrowers receive funds and commit to repaying them through scheduled payments over a set duration, known as the loan term. The interest, a fee for borrowing, is either fixed or variable. Many entrepreneurs appreciate the predictability of fixed-rate loans. While Business Term Loans might have stricter qualification criteria, they often offer competitive rates and substantial borrowing amounts.

Business Term Loans come with set monthly payments, interest rates, and a defined term. The interest system can vary, influencing whether it’s beneficial to repay the loan early. These loans are ideal for businesses looking to invest in significant assets, such as equipment or inventory, or those seeking working capital. For instance, if you need $100,000 for a large inventory purchase but lack the immediate funds, a Business Term Loan can spread the cost over several months or years, making it manageable for your cash flow.

Business Term Loans offer numerous benefits, including competitive interest rates, substantial borrowing amounts, and a straightforward fee structure. Their predictability makes them easy to budget for, and their clear qualification criteria remove ambiguity from the application process.

Credit score plays a pivotal role in securing a Business Term Loan. Those with compromised credit histories might find it challenging to qualify. Additionally, these loans are tailored for long-term investments, making them less suitable for short-term needs.

Typically, businesses that qualify meet the following:

  • Annual Revenue: $120K+
  • Credit Score: 550+
  • Time in Business: 6 months+

The application is straightforward:

  1. Assess Your Needs: Ensure the loan aligns with your financial goals.
  2. Prepare Your Documents: Gather essential documents like a driver’s license, business bank statements, and a voided business check.
  3. Submit Your Application: Use our online form or call us.
  4. Consult with Our Team: A representative will discuss your options, ensuring clarity on rates and terms.
  5. Await Approval: Once approved, funds can be in your account within 1-3 business days.

If your application is unsuccessful, it doesn’t mean the end of your financing journey. We can guide you to alternative financing solutions that might be a better fit for your business needs.

Steps to Secure Business Funding with Sterling Street Financial

1. Submit Your Online Application

Use our user-friendly platform to quickly request funding. Assistance is just a call, chat, or email away.

2. Talk to Our Experts

Our seasoned experts are ready to guide you through every step, ensuring you are armed with all the necessary information.

3. Get Funded!

After approval, funds are swiftly deposited into your account to boost your business growth.

Online Application

Ready to grow your business to new heights?