A lump sum with a payment you can plan around.
A term loan gives you the full amount up front and a fixed payment schedule from the start. Use it for expansion, equipment, or whatever the business needs next.
Applying does not commit you to an offer.
How it works.
You borrow a set amount and repay it, with interest, over an agreed term. The payment doesn’t change, which makes it easy to plan around.
Short terms suit quick needs like inventory. Longer terms keep payments lower for bigger projects, such as a build-out or a second location.
A good fit if you
- Know how much you need and what it’s for
- Prefer a payment that stays the same
- Are planning a larger purchase or project
- Have steady revenue to support regular payments
What we’ll ask for.
The application takes about two minutes. If you move forward, an underwriter will ask for these.
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Photo ID
A driver’s license or passport for each owner.
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Business bank account
The account the funds go into, with its routing and account numbers.
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Three months of statements
Recent business bank statements, so we can see your sales and cash flow.
Questions? (516) 751-4764
Questions about small business loans.
If yours isn’t here, call or email us at (516) 751-4764 or [email protected].
How much can I borrow?
Loans range from $5,000 to $1,000,000. What you’re offered depends on your revenue, time in business, and existing debt.
Should I get a secured or unsecured loan?
Unsecured loans don’t require collateral but usually cost more. Secured loans can lower the cost. If both are available to you, we’ll explain the trade-off.
Can I get a loan with bad credit?
Possibly. We look at the whole business, not just a score. Credit still affects the rate and terms.
Can I pay it off early?
Some loans allow it, sometimes with a discount; others don’t. The prepayment terms are in your agreement, and we’ll point them out before you sign.
See what your business qualifies for.
Apply online in about two minutes. Nothing happens until you agree to the terms.