Up to $1,000,000
Term Loan
Fixed monthly payments on a lump sum, for something already costed.
- Amount
- Up to $1,000,000
- Term
- 12 – 36 months
- Cost
- From 5.5%
- Funded in
- 1 – 2 days
Term loan
What it is, and what it asks
A term loan is a lump sum repaid at a fixed rate on a fixed schedule, so the payment is the same every month and the total cost is knowable before anything is signed.
Expansion, equipment, inventory, hiring, renovation — there is no restriction on what it is spent on. What it asks in return is that you know how much you need, because interest runs on the whole sum from the first day.
What it gives you
Why a business takes this one
- Fixed rate, so the repayment never moves
- No restriction on what the capital is used for
- Nothing pledged for this programme
- No application fee and nothing payable to Thrive
The application
Fifteen minutes, and nothing to pay.
About fifteen minutes across six screens. One application reaches 80+ lenders, costs nothing, commits nothing and leaves no mark on the owner's credit score.
Rather talk to somebody first? (844) 236-2640.
The six
This ceiling, and the other five
- $1,000,000 Term Loan 12 – 36 months · 1 – 2 days
- $750,000 Business Working Capital 6 – 24 months · 24 – 48 hours
- $1,000,000 Equipment Financing 12 – 60 months · 1 – 3 days
- $500,000 Short-Term Business Loan 3 – 18 months · 24 hours
- $500,000 Business Line of Credit Revolving · Instant once open
- $500,000 Revenue-Based Funding Follows revenue · Same day
