Term Loan

Term Loans Services by Sheer Funding
type of service

Term Loan

Term Loans can be utilized in a multitude of ways. These loans give the borrower flexibility to allocate funds to different areas within the business to further the growth of the business. A Traditional business term loan is a lump sum of capital that you pay back with regular repayments at fixed interest rate. The “term” in “term loan” refers to the set repayment length, which will typically be one to five years long.

Common use of these loans include: Marketing, Payroll Inventory, Taxes and etc..

TERM LOAN DETAILS

  • Quick and Easy application process
  • Terms ranging between 3 months and 5 years
  • Rates between 5% and 35%
  • Funding up to $2,000,000
  • Daily and Weekly payments options
  • No Pre-Payment Penalties
  • Decisions within 12 to 48 Hours

Qualifiying criteria

  • 6 + Months time in Business
  • 550 + Credit Score
  • $150,000 + in annual revenue
  • Most Industries

Required Documentation

  • Completed Application Form (Download Pdf)
  • Copy of Bank Statements
  • Copy of Valid ID
  • Copy of Voided Check
  • Copy of previous year Tax Return
*additional items may be required*