Define the need
Identify the business expense, the amount you need, and how repayment fits your cash flow.
FUNDING PROGRAM GUIDE
Business Term Loans
Explore a lump-sum loan repaid over an agreed term for a defined business need.
Lendable Capital is not a lender. Third-party funding providers set their own terms and make their own decisions.
01 / How the program works
How the program works
A look at the process, from planning to repayment.
Compare lender terms
A lender reviews your application and may offer a loan amount, rate, fees, and repayment schedule.
Repay over time
If you accept an offer, you receive the funds and repay according to the agreement.
Who this program fits
A term loan can suit an established business planning a specific investment, such as equipment, a renovation, or an expansion, with room in its budget for scheduled payments.
What lenders typically review
Requirements vary by provider, but these are useful areas to prepare.
- Time in business and operating history
- Revenue, cash flow, and existing debt
- Personal and business credit profiles
- Purpose of the loan and any collateral
Benefits and tradeoffs
Potential benefits
- A lump sum can support a defined expense.
- A set repayment schedule can make planning easier.
Things to consider
- Payments remain due under the agreement even when sales fluctuate.
- Rates, fees, collateral, and personal guarantees vary by lender.
Frequently asked questions
What can a business term loan be used for?
Depending on the lender and loan terms, funds may be used for purposes such as equipment, expansion, or working capital.
How is a term loan repaid?
You repay principal and financing costs on the schedule in your loan agreement. Payment frequency and whether a rate is fixed or variable depend on the offer.
Will I need collateral?
Some lenders require collateral or a personal guarantee; others use different criteria. Review the specific offer before agreeing.
Does Lendable Capital make the loan?
No. Lendable Capital helps you understand and prepare your funding profile. Third-party lenders make their own decisions and set their terms.
Get a clearer picture of your readiness
Explore your funding profile and identify the next steps for your business.
Disclosure
Lendable Capital is not a lender, bank, or credit repair organization. We do not issue loans, make credit decisions, or guarantee funding outcomes. Our services help connect individuals and business owners with funding partners and readiness resources. Funding approvals, terms, and amounts are determined by third-party lenders and depend on each applicant's unique profile, credit history, and program guidelines.