Predictable, fixed monthly payments with competitive rates and terms up to 5 years. The workhorse of business financing — structured capital for growth, expansion, hiring, inventory, and everything in between.
A business term loan gives you a lump sum of capital upfront that you repay in fixed monthly installments over a set period — typically 6 months to 5 years. Unlike revenue-based financing where payments fluctuate, term loans give you complete predictability: same payment, same date, every month.
This makes term loans ideal for planned investments where you know the exact cost — expanding to a new location, launching a product line, making a large inventory purchase, or hiring a team. You can budget around the fixed payment with confidence.
At Blackburn Business Capital, we match your application against 100+ lending partners to find the best term loan rates and structures for your business. Whether you need $10,000 for a short-term project or $2,000,000 for a major expansion, our network has options for every credit profile and industry.
2-minute application. Basic business info.
We match you with the best lender from 100+ partners.
Compare terms and pick the best deal.
Funds deposited as fast as 24 hours.
No impact to your credit score
Open a second location, renovate your existing space, expand your footprint, or enter a new market with structured capital behind you.
Buy inventory in bulk at a discount, stock up before a busy season, or secure materials when prices are favorable.
Fund the cost of recruiting, onboarding, and paying new employees during a growth phase before they generate revenue.
Combine multiple high-cost loans or merchant cash advances into a single, lower-rate term loan with one predictable payment.
Invest in a major marketing push — digital advertising, brand relaunch, trade show presence — with capital to sustain it until ROI kicks in.
Remodel your restaurant, upgrade your office, build out a warehouse, or make tenant improvements with fixed payments you can budget around.
Know exactly what you owe every month. No variable rates, no daily debits, no surprises. Plan your cash flow with total confidence.
Term loans generally offer lower total cost of capital than revenue-based financing or merchant cash advances — especially for well-qualified borrowers.
Unlike bank loans that take weeks, our term loan partners can approve and fund in 24-48 hours. Speed when you need it, structure when you want it.
Spread payments over up to 5 years to keep monthly costs manageable. Shorter terms available too if you want to pay off faster and save on interest.
Many term loan lenders report to business credit bureaus. Making on-time payments builds your business credit profile for future borrowing at even better rates.
We compare term loan offers from across our entire network so you're not locked into one lender's rate. Competition among lenders works in your favor.
A term loan gives you a lump sum upfront with fixed monthly payments over a set period. A line of credit gives you access to a pool of funds you can draw from as needed and only pay interest on what you use. Term loans are better for planned, one-time investments. Lines of credit are better for ongoing or unpredictable cash flow needs.
Term loans have fixed monthly payments that stay the same regardless of your revenue. Revenue-based financing adjusts payments based on your sales. Term loans typically have lower total costs but require slightly better credit and longer time in business. If you qualify for a term loan, it's usually the better deal — but RBF is faster and more accessible for businesses with lower credit scores.
Most term loan lenders in our network require a minimum 570 FICO. Higher credit scores unlock better rates and larger loan amounts. If your score is below 570, we may be able to match you with revenue-based financing or other products while you work on building your credit for a future term loan.
Not always. Many of our lending partners offer unsecured term loans for qualified borrowers, meaning no collateral is required beyond a personal guarantee. Larger loan amounts or borrowers with lower credit may need to provide collateral. Your funding advisor will be transparent about requirements before you commit to anything.
Most term loans can be paid off early, and many of our lending partners offer prepayment discounts. Some lenders charge a small prepayment penalty in the first year, but this varies. We'll make sure you understand the early payoff terms before you accept any offer so there are no surprises.
Most term loans through our network are approved within 24 hours and funded within 24-48 hours of approval. This is dramatically faster than traditional bank term loans, which can take 2-6 weeks. The application takes about 2 minutes and typically requires 3-6 months of bank statements.
Absolutely. Debt consolidation is one of the most popular uses of term loans. If you have expensive merchant cash advances, multiple loans with different payments, or high-interest credit card debt, consolidating into a single term loan can reduce your monthly payment and total cost of capital significantly.
Our term loan partners offer up to $2,000,000 through standard programs. For larger capital needs, we can explore SBA loans (up to $5M+), commercial real estate financing, or structured solutions through our full network. The amount you qualify for depends on your revenue, credit profile, time in business, and the purpose of the loan.
Fixed payments. Competitive rates. Funded in as little as 24 hours. Apply now and get matched with the best term loan for your business from 100+ lending partners.