Two people going over loan paperwork at a table

HomeBusiness financingBusiness term loans

Business term loans for a set amount, repaid over time.

Borrow a specified amount up front and repay it in regular payments. Tell us what it's for and we'll talk through options that may fit.

Start a financing requestHow it works

Or call (619) 382-3810, Monday to Friday, 8:30am to 5pm Pacific.

How a term loan works

  • A set amount up frontYou receive the full amount at the start, rather than drawing it over time.
  • Regular paymentsYou repay in regular amounts, with interest, over a set number of years.
  • Fixed or floating rateThe interest rate may be fixed for the term or move with the market.

FAQ

Business term loans, explained plainly

What is a business term loan?

A loan that gives the business a specified amount of cash up front, which it repays in regular amounts over time.

How is it repaid?

With a traditional bank term loan, you borrow a set amount and make a payment, with interest, every month for a certain number of years.

Fixed or floating rate?

Term loans may have fixed or floating interest rates. The lender sets the terms after its review.

How long does it take?

It can take time. A bank performs careful underwriting of a term loan application before deciding.

Can an SBA loan be a term loan?

SBA 7(a) loans can be used for working capital, equipment, real estate, refinancing business debt and more, up to a maximum of $5 million.

Sources: OCC, Small Business Road Map to Financial Resources · U.S. Small Business Administration, 7(a) loans.

What to have ready

  • Roughly how much you need, and what for
  • How long the business has been operating
  • Your approximate monthly revenue

What happens next

  1. Tell us what you need. A few quick questions. It takes about two minutes.
  2. We review it. Someone licensed reads every request.
  3. We reach out. We talk it through with you. There is no obligation.
Start a financing requestCall (619) 382-3810

How it works

  1. 1

    Tell us what you need

    A few quick questions. It takes about two minutes.

  2. 2

    We review it

    Someone licensed reads every request.

  3. 3

    We reach out

    We talk it through with you. There is no obligation.

Tell us what your business needs.

A licensed agent reviews your request and gets back to you. Prefer to talk? Call (619) 382-3810, Monday to Friday, 8:30am to 5pm Pacific.

Financing is subject to each lender's review and approval. We do not ask for Social Security numbers or run a credit check through this form.

If you request a quote, a licensed insurance agent may contact you. We use this only to respond to your request. Please give us an email or a phone number.

You may also need

  • Financing is subject to each lender's review and approval.
  • Wolfcrest is not a lender or funder.
  • If you request a quote, a licensed insurance agent may contact you.