What are Business Term Loans?

Business term loans are set for a specific length of time and can be used for a broad range of activities. FullyFundable’s term loans fill the gap between the intense and timely application process of SBA loans and the high-interest rate and short terms of Merchant Cash Advance (MCA) loans. As cash flow-based loans, you do not need to sacrifice any equity or leverage assets to unlock additional funding.

Our Business Term Loans are easy to apply for, have a quick underwriting process, and include a team dedicated to finding you a low interest rate.

Typical Industries Served:

We offer term loans to a wide variety of industries across the nation and serve both B2B and B2C companies. From restaurants to roller rinks, if you need a loan and have been in business for at least 2 years, we likely have a term loan that fits your need.

Preferred Loan Conditions

• Company Size: $300,000 – $20 million annual revenue
• Loan Size: $50,000 – $500,000
• Term Length: 6 month – 5 years (5x longer than most MCAs, half of SBA term length)
• Rates: 15% – 29% (lower than MCA, higher than SBA)
• Turnaround time on average is one week
• Personal Credit Score: 675+ (ideally 700+)
• Also subject to preferred risk scoring by D&B Paydex and Experian Business

Is a Term Loan Right for My Business?

Term loans offer versatile use cases, but are especially great tools for a small business looking to provide working capital, fuel growth, consolidate debt, buy inventory, equipment, or supplies, without having to pledge collateral.

Increase Capital for Growth

Term loans provide small businesses with the upfront capital needed to invest in growth opportunities, such as expanding operations or purchasing new equipment. By offering a structured repayment plan and low-interest rates, term loans enable businesses to manage their finances effectively while pursuing expansion.

Debt Consolidation

If your business is dealing with several debts or an MCA loan with unfavorable terms, consolidating them into a single loan with a more manageable repayment plan and a lower interest rate can significantly reduce your long-term financial burden.

The Process

Our term loans have a quick underwriting process with minimal documentation requirements. The whole process takes about two weeks from start to finish, allowing your business to begin reaping the benefits of increased capital in a short period.

Secure a Term Loan with FullyFundable

Working with FullyFundable is the easy choice, as we combine competitive rates with a personalized approach, ensuring that our term loan solutions not only provide the financial support you need but are also tailored to your business’s specific goals. With FullyFundable, you will find a partner dedicated to fueling your growth with both flexibility and expertise.

Next Steps to Apply for a Business Term Loan for your Company

1. Upload the following documents through our secure online portal

• Driver License
• Business Tax Returns (past 2 years)
• Business Bank Statements (past 6 months)

2. Take a few moments to fill out our no-obligation Funding Inquiry form below (no Social Security Number or credit check at this point):

• BUSINESS FUNDING INQUIRY/ASSESSMENT

  (no credit pull or documentation necessary at this phase)

• ** PLEASE NOTE ** Information entered within this form will be shared with a minimum number of select lending partners of FullyFundable for review, assessment, and consultative purposes.

  FullyFundable makes best efforts to ensure your information will not be shared or sold to any parties beyond those parties.

• Name of Person Completing Inquiry Form (social name, not formal)*
  First NameLast Name
• Are you a United States Citizen or Permanent Resident (Green Card Holder)?*
  YESNOIn Process
• Primary Business Legal Name of Company Requesting Funding*
• Company URL / Website Address (of primary business homepage)*
• Were you referred by someone outside of FullyFundable or Dan Kalis?
  NoYes
• Referral Source:
• Desired Loan/Funding Amount*
  (Range: What's the least and most amount you can put to productive use in the near future?)
• Desired Use(s) of Funding (check all that apply)*
  Working CapitalMarketing/AdvertisingHiring / StaffingInventoryBusiness Travel (Transport, Lodging) / Events / NetworkingProfessional Training / Continuing EducationEquipmentDebt Consolidation/RestructuringResearch & Development (R&D)SuppliesTechnologyConstructionExpansion (add additional location(s) of same business)Business AcquisitionOther 
  
• What (additional) types of marketing/advertising are you planning to do?
• What positions are you looking to hire?
• List Debts to be Consolidated (Creditor/Type/Balance/Payment)
• What is your urgency level for this funding inquiry?*
  We need an infusion of outside capital/credit ASAP (within 1 week)We need/want an infusion of outside capital/credit in the next 30 daysWe’re looking to line up some additional capital/credit for the next 30-90 daysWe’re just exploring my options but don’t really need any outside capital within the next 90 days
• What type(s) of funding are you open to exploring? (check all that apply)*
  SBA loan (10-year payback term; no prepayment penalty; best rates; most documentationBusiness Line of CreditBusiness Credit CardsShort Term Revenue Advance/Bridge Loan (6-12 month term; early payoff incentives; highest rates; least documentation)Equity Crowdfunding/Online Private Capital RaisingAlternative IRA (invest retirement funds in your own company)GrantsOrganic/Reverse Funding (Revenue/Profit Optimization)
• Taxable Entity Type:*
  Sole ProprietorLLCCorporationSPV / SPEOther 
  
• State of Entity Registration*
  (or state of residence if Sole Prop.)
• Company Basis (check all that apply)*
  Home-based/Remote/VirtualLease Commercial SpaceOwn Commercial SpaceCo-Working SpaceOther 
  
• Business Start Date (Month/Year) (since incorporation)*
• Industry (NAICS code, if you know it)*
• Briefly describe what your business does, who it serves, and anything unique about your products/services, business model, expertise, etc.*
• Have you ordered and reviewed any of your BUSINESS CREDIT reports in the past 6 months? (check all that apply)*
  NODun & BradstreetExperian BusinessEquifax BusinessPaydex

• FINANCIAL INFORMATION

  (for all financial #s include dollar sign & commas for clear legibility)
• Business Bank Name*
• Merchant/Payment Processor(s)*
• Average Monthly Sales (in past 6 months)*
  (please include dollar sign and commas for clear legibility)
• 2024 Gross/Top-line Revenue/Sales*
• 2024 Net Income (Profit/Loss)*
• 2023 Gross Revenue as reported on your business tax return *
  (or "On Extension")
• 2023 Net Income (Profit/Loss) as reported on your business tax return*
  (or "On Extension")
• 2022 Gross Revenue as reported on your business tax return*
• 2022 Net Income (Profit/Loss) as reported on your business tax return*
• Do you regularly carry Accounts Receivable (A/R)?*
  YesNo
• TOTAL amount of current A/R (if you don’t know by aging)
• Amount of current A/R (less than 30 days aging)
• Amount of current A/R (30-60 days)
• Amount of current A/R (60-90 days)
• Amount of current A/R (91+ days)
• Does your business own product inventory?*
  YesNo
• What types of products and how much TOTAL inventory value currently?
• Do you own back taxes to the IRS?
  NoYesUnsure
• For which years do you owe back taxes to the IRS?
  2023202220212020Older
• Are you on a payment plan with the IRS and in good standing?
  YesNoIn process of setting one up now
• How much are your total business expenses per month (average)?*
  e.g. $10,000
• How many months of business expenses do you have in cash reserves?*
  01-34-67-12More than 12
• How much available BUSINESS credit do you have (business credit cards and business lines of credit)*
• How much available PERSONAL credit do you have (personal credit cards)*

• Business Financial History

• Types of Business Loans You’ve Had Previously (check all that apply)*
  SBA 7aBusiness Line of CreditMerchant Cash Advance (MCA)Business Credit Card(s)Bank Term LoanA/R FactoringEIDL (SBA)PPP (SBA)MezzanineOther 
  
• Have you ever defaulted on any of these business loans?*
  YesNo
• Please list type of loans on which you’ve defaulted*
• Total CURRENT Commercial Debt and Monthly Payment (estimate)*
• List any ASSETS owned by your business (or personally) that could be pledged as collateral (type/class, estimated value, and available equity)*
  (or N/A if none)

• Company Ownership / Guarantors

• How many partners of the company have at least 20% ownership*
  12345

• Primary Applicant (20%+ Owner)

• Name of Applicant #1*
  First NameLast Name
• % Ownership*
• Title*
• Mobile Phone Number*
   –Area CodePhone Number
• Email Address of Applicant*
• Estimated Personal Credit Score (type actual score under “Other” if you know it)*
  800+ (exceptional)700-799 (prime)650-699 (good)600-649 (fair)< 600 (poor)Other 
  
• Primary Residence*
  OwnRent
• Property Value (estimate)
• Amount Owed on Primary Residence (estimate)

• #2 Applicant (20%+ Owner)

• Name of Applicant #2 (only if 20%+ owner)*
  First NameLast Name
• Phone Number
   –Area CodePhone Number
• Email
  example@example.com
• Estimated Personal Credit Score (Applicant #2)*
  800+ (exceptional)700-799 (prime)650-699 (good)600-649 (fair)< 600 (poor)Unsure
• % Ownership of Applicant #2*

• #3 Applicant (20%+ Owner)

• Name of Applicant #3 (only if 20%+ owner)*
  First NameLast Name
• Estimated Personal Credit Score (Applicant #3)*
  800+ (exceptional)700-799 (prime)650-699 (good)600-649 (fair)< 600 (poor)
• % Ownership of Applicant #3*

• #4 Applicant (20%+ Owner)

• Name of Applicant #4 (only if 20%+ owner)*
  First NameLast Name
• Estimated Personal Credit Score (Applicant #4)*
  800+ (exceptional)700-799 (prime)650-699 (good)600-649 (fair)< 600 (poor)
• % Ownership of Applicant #4*

• #5 Applicant (20%+ Owner)

• Name of Applicant #5 (only if 20%+ owner)*
  First NameLast Name
• Estimated Personal Credit Score (Applicant #5)*
  800+ (exceptional)700-799 (prime)650-699 (good)600-649 (fair)< 600 (poor)
• % Ownership of Applicant #5*
• Please add any other information about your business and situation that you believe is important for us to know when determining what type(s) of funding may be most ideal for you right now, and in the future (help us come up with a “funding plan” for you, not just a one-off business loan.
• Submit
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