Business Term Loan

Old but gold classy small business loan

Loan Amount

$5,000-2,000,000

Interest Rate

As Low as 6%

Loan Term

1-5 Years

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What is Small Business Loan?

We all love a classic because it’s tried and true. The same goes for a business term loan—it’s a stable, flexible way to get more working capital, grow your business, and build your credit. If you’re craving a simple small business financing solution, this is it. A term loan provides a borrower with a lump sum up front that is then repaid at regular intervals over a set amount of time, also referred to as the loan term. Interest rates on term loans can be fixed or floating and can start as low as 6%.

Why Cube Lending?

You could do it the hard way, where you spend upward of 29 hours completing a bank application, or you can do it the Cube Lending way, where you fill out a single 15-minute application to compare offers from our curated network of 55+ lenders.

Qualifications

YES

2+ years in business
FICO score of 650+
Business cash flow
Collateral for Secured Loans
DTI ratio at or below 43%

NO

Delinquencies and/or default on previous loans
Outstanding liens
Bankruptcies or foreclosures in the last 3 years
Restricted industry

Current Small Business loans

A business term loan typically comes with a fixed interest rate or flat fee. That means your payments will stay constant over the lifetime of your loan term (1–5 years). These terms enable you to easily calculate how much financing your business can afford to ensure you keep up with your monthly payments until the loan is repaid.

Time to Funds As Little as 48 Hours

Interest Rate As Low as 6%

Loan Term 1-5 Years

Loan Amount $5,000-2,000,000

No prepayment penalties