Business term loans
One lump sum. One fixed payment. One finish line.
A business term loan trades the moving parts of daily-pay financing for a single monthly payment and a maturity date you know before you sign.
- Amount
- $25K to $500K
- Funding
- 2 to 7 days
- Term
- 12 to 60 months
- Repayment
- Fixed monthly
- Credit
- 620+
How it works
A lump sum with a fixed payment and a set maturity.
Term loans are the most traditional structure we offer, built for owners who want a payment they can put in a budget.
- 01
One lump sum, deposited once
The full amount lands in your business bank account in a single deposit, not a revolving draw or a daily advance.
Funded in 2 to 7 days
- 02
One fixed payment, every month
Your payment amount and due date are set before you sign and do not move with sales volume or the season.
Fixed monthly
- 03
One maturity date
You know the exact month the loan is paid in full the day you sign, anywhere from 12 to 60 months out.
12 to 60 months
Illustrative example
What a $150,000 term loan could look like.
One example, not a quote. Your factor rate or APR, payment and total cost are calculated from your credit profile, time in business and monthly revenue.
| Loan amount | Term | Est. monthly payment | Est. total repayment |
|---|---|---|---|
| $150,000 | 36 months | $4,792 to $5,500 | $172,500 to $198,000 |
Illustrative example only, not an offer of credit. Actual pricing, payment and total cost are quoted per applicant and depend on credit profile, time in business, industry and monthly revenue.
Compare products
Term loan vs. merchant cash advance vs. line of credit.
| Term loan | Merchant cash advance | Line of credit | |
|---|---|---|---|
| Structure | One lump sum | Advance on future receivables | Revolving credit line |
| Payment | Fixed monthly | Daily or weekly remittance | Weekly or monthly |
| Amount | $25K to $500K | $10K to $500K | $10K to $250K |
| Speed | 2 to 7 days | 24 hours | 1 to 3 days |
| Credit minimum | 620+ | 500+ | 600+ |
| Best for | Expansion, buying out a partner, consolidating expensive debt | Fast working capital, seasonal gaps, inventory buys, payroll bridges | Cash-flow smoothing, recurring inventory, unexpected repairs |
Best uses
Sized for moves that need a set amount and a set payoff.
Expansion or a second location
Fund build-out, deposits and opening inventory with one payment sized before you sign, not against this month’s cash flow.
Buying out a partner
Structure a buyout as a fixed monthly obligation instead of draining working capital in a single payment.
Refinancing expensive daily-pay debt
Roll one or more merchant cash advances or daily-debit balances into a single, lower, predictable monthly payment.
Large one-time projects
Equipment packages, remodels and build-outs that need a set amount of capital and a defined payoff date.
Who qualifies
What it takes to get an offer.
Term loans lean more on credit and time in business than an MCA or a line of credit, since the payment is fixed regardless of revenue.
- 620 or higher personal credit score
- 1+ year in business preferred (newer businesses considered case by case)
- $15,000 or more in average monthly revenue
- An active business bank account
- Last year’s tax return or a year-to-date P&L for larger amounts
Documents you will need
- One-page application
- 3 to 4 months of business bank statements
- Government-issued photo ID
- Voided business check
Financing above $150,000 typically also requires last year’s tax return or a year-to-date profit and loss statement.
Industries
Term loans across the trades we fund.
See what a term loan looks like for your industry, with typical uses and the products owners pair it with.
Medical, Dental & Wellness
Grow the practice without waiting on reimbursements.
Funding for MedicalContractors & Construction
Start the job before the draw clears.
Funding for ContractorsRetail & Storefronts
Stock the shelves for the season that pays the year.
Funding for RetailRestaurants & Food Service
Fund the slow season before it starts.
Funding for RestaurantsStraight answers
Term loan questions owners ask before they apply.
Is a business term loan fixed or variable rate?
AXIS term loans are structured with a fixed payment: the amount you pay each month is set before you sign and does not change over the life of the loan, regardless of what happens to your revenue.
Is there a prepayment penalty?
Most AXIS term loans allow early payoff, and some structures include a discount for paying off ahead of schedule. Prepayment terms are stated in your offer in writing before you sign, so ask if it is not there.
Do I need to sign a personal guarantee?
Most small-business term loans require a personal guarantee from the majority owner, even though the debt belongs to the business. Your advisor confirms exactly what is required for your offer before you accept.
How long does it take to get funded?
Most term loan applications get a decision the same business day. Once you accept and sign, funding typically follows in 2 to 7 days, depending on the loan amount and any supporting documents still needed.
Can I use a term loan to refinance a merchant cash advance?
Yes. Consolidating one or more advances into a single term loan is one of the most common reasons owners apply, since it trades several daily or weekly debits for one predictable monthly payment.
Does a term loan build business credit?
When the lender reports to business credit bureaus, on-time payments on a term loan can build a payment history for the business. Ask your advisor whether your specific offer reports before you sign.
One payment. One finish line. Predictable growth.
Two-minute application. Same-day decision. Funding in as little as 24 hours.
Soft credit pull. No obligation. No impact to your score.