Business Term Loans

Business Loans, Financing, and Lines of Credit up to $5 Million

Loan Overview

A business term loan is a lump sum of capital which has a fixed interest rate and a regular repayment plan. The typical repayment terms are between 1 to 5 years. These types of loans are used to finance a specific investment for a small business.

Sutton Funding

HOW IT WORKS?

Many businesses qualify for a traditional business term loan. As long as you can provide a good credit score and show that your business is generating revenue you are good to go. Term loans can differ between businesses: interest rates, length of term, and maximum loan size all depend on level of qualification.

Term loans are a traditional bank product; therefore it depends heavily on the business’s financials and credit score. Applying with a bank will be a longer process and a large amount of documentation. As an online term lender, Sutton Funding is able to provide affordable rates and a faster application process.

  • Driver's License
  • Voided Business Check
  • Bank Statements
  • Balance Sheet
  • Profit & Loss Statement
  • Business Tax Returns
  • Personal Tax Returns
  • Business Plan
  • Business Debt Schedule
II

01. Pros

  • Convenient payment structure
  • Long Payment Term
  • Competitive Interest Rates
  • Low Monthly Payments
  • Wide Range of Business Purposes Accepted
IV

02. Cons

  • Lengthy Paperwork
  • Longer Approval Times
  • May Require Collateral
  • Potential Prepayment Penalties

Sutton Funding Provides Small Business Loans, Financing, & Lines of Credit.

Whenever you want to improve on your business, having some extra cash is a must. Buying equipment, ordering inventory, hiring employees, ect, can be expensive and take a huge chunk out of your wallet. Fortunately, here at Sutton Funding, we can ease the blow and help keep your business running smooth. As you talk to one of our representatives, we will help you understand which type of loan works for your company and whether a term loan is right for you.

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