Term Loans
A lump-sum loan repaid over a fixed period with set payments, best suited for long-term investments like expansion or renovations.
What is a Term Loan?
A term loan is a traditional business financing option where you receive a lump sum of money upfront and repay it over a predetermined period with fixed monthly payments. These loans are ideal for major business investments that require substantial capital and have a clear return on investment.
Fixed Terms
Predetermined repayment schedule
Lump Sum
Full amount disbursed upfront
Who Qualifies for Term Loans?
Qualification Requirements
- Business operating for at least 18 months
- Monthly revenue of $25,000+
- Strong credit history
- Canadian business with valid business number
Ideal For
- Established businesses with proven track record
- Companies planning major expansions
- Businesses with stable cash flow
- Companies with clear growth plans
Common Uses for Term Loans
Business Expansion
Opening new locations, entering new markets
Facility Renovations
Office upgrades, retail space improvements
Major Equipment Purchases
Large machinery, technology infrastructure
Acquisitions
Buying other businesses or assets
Term Loan Options
Short-term
1-3 years
Quick projects, immediate needs
Medium-term
3-7 years
Expansion, major purchases
Long-term
7-25 years
Real estate, major investments
Benefits of Term Loans
Predictable Payments
Fixed monthly payments for easy budgeting
Lower Rates
Typically lower interest rates than other options
Large Amounts
Access to substantial funding amounts