Business financing program
Business Term Loans
Structured financing with scheduled payments for business expansion, equipment, acquisitions, refinancing and other defined investments.
Apply for a term loan →Program overview
Longer-term capital for a defined business purpose.
A business term loan provides a lump sum that is repaid over an agreed period through scheduled principal-and-interest payments. Depending on the lender and transaction, the loan may be secured or unsecured and may use fixed or variable pricing.
Approval and structure depend on the business’s cash flow, time in operation, ownership, credit profile, industry, collateral, existing obligations and intended use of funds. Program terms shown here are general descriptions—not a credit decision or commitment.
Common financing uses
Expansion
Grow operations
Finance a new location, facility improvements, hiring, systems or other planned expansion costs.
Equipment
Acquire business assets
Purchase machinery, vehicles, technology and other assets that support revenue-producing operations.
Acquisition
Purchase a business
Support eligible business acquisitions or ownership transitions with documented valuation and cash-flow review.
Refinance
Restructure obligations
Consolidate or refinance eligible business debt when the new structure improves the overall credit profile.
Structure
Scheduled repayment
Payments are generally made monthly over the agreed term. Some transactions may include guarantees, collateral or covenants.
Pricing
Risk-based terms
Rates, fees, amortization and maturity vary by lender, market conditions and the complete borrower profile.
What lenders commonly review
| Business history | Time in business, ownership, industry experience, legal structure and operating stability. |
|---|---|
| Revenue and cash flow | Business bank statements, tax returns, profit-and-loss statements, balance sheets and debt-service capacity. |
| Credit profile | Business and personal credit, payment history, public records, outstanding debt and recent credit activity. |
| Use of funds | A clear financing purpose supported by estimates, invoices, purchase agreements or other relevant documentation. |
| Collateral and guarantees | Requirements vary. Lenders may review business assets, real estate, guarantees, lien position and available equity. |
Application process
Submit request
Provide the business profile, amount, purpose and requested timeframe.
Document review
Supply financial statements, tax returns, bank statements and supporting information.
Loan evaluation
Available programs, payment structure, collateral and conditions are reviewed.
Closing and funding
Complete final verification and closing requirements before funds are disbursed.
Term loan application
Request a financing review.
Complete the initial application. Do not include Social Security numbers, bank-account numbers or sensitive documents.