Get fixed monthly payments with amortization terms up to 12 years. Funding from $20k to $500k, rates starting at 8.77%, with no hard collateral required.
My Commercial Funding brokers fixed-rate business term loans from $20,000 up to $500,000 with fully amortized repayment terms up to 12 years and fixed interest rates starting at 8.77%. The program requires a minimum personal FICO credit score of 660, a minimum of 2 years in business, and at least $20,000 in monthly sales. No hard collateral is required.
Keep your property, equipment, or business equity secure. We do not require asset backing to fund.
Unlike traditional short-term loans, pay over up to 12 years to keep your monthly payments low and manageable.
Lock in rates starting at 8.77% that never adjust, providing predictable budgeting for years to come.
These fixed term loans are designed for established businesses seeking low-interest capital without bank-level red tape.
A business term loan is a lump sum repaid in fixed monthly payments over a set term. Through our marketplace, term loans run from $20,000 to $500,000 with terms up to 12 years, fixed rates starting at 8.77% and no hard collateral required.
Our business term loans require a minimum personal credit score of 660, at least two years in business, at least $20,000 in monthly revenue, and no bankruptcies in the last three years.
Term loans are fully amortized over up to 12 years with fixed monthly payments, so the payment never changes. There are no prepayment penalties if you pay the loan off early.
A term loan has fixed monthly payments, a lower cost and a longer term, but needs 660+ credit and two years in business. A merchant cash advance is approved on revenue, considers credit from 500, funds in as little as 1 to 4 hours, and is repaid from a share of daily or weekly sales.
Yes. If your business qualifies, a term loan can consolidate one or more merchant cash advances into a single fixed monthly payment over a longer term, which usually lowers the daily cash-flow burden. We review your current balances to see whether a term loan, business HELOC or other option fits best.
No hard collateral such as real estate or equipment is required for our marketplace term loans. Approval is based on credit, time in business and monthly revenue.