A United States business term loan delivers a lump sum of capital upfront, repaid through fixed monthly payments over 1 to 5 years. Predictable payments, defined end date, straightforward use. For United States businesses needing substantial capital with consistent cash flow, term loans often deliver the best total cost in our product mix.
American Biz Funding structures term loans from $25,000 up to $5,000,000 for operating United States businesses generating $20,000+ in monthly revenue. Funds typically deploy within a few business days — dramatically faster than traditional bank term loans which take 60-120 days.
What United States Term Loans Are Used For
- Major equipment purchases combined with build-out costs
- Restaurant, retail, or office renovations
- Second location buildout
- Acquisition of competitor businesses
- Refinancing higher-cost existing business debt
- Substantial working capital reserve for tourism-driven seasonal operations
- Natural Disaster recovery and rebuilding
Term Loan vs Other United States Funding
Term Loan vs Working Capital
Working capital loans are typically shorter (6-18 months) with daily/weekly repayment. Term loans are longer (12-60 months) with monthly payments.
Term Loan vs Line of Credit
Line of credit gives ongoing draw access. Term loan delivers a single lump sum.
Qualifications
- Operating United States business in the United States
- Minimum 6 months in business
- Monthly revenue $20,000+
- Personal credit score 500+ accepted
- Active business bank account
