Term Loan
A one-time lump sum repaid over a fixed period, with a payment that never moves.
- Funding amount
- $10K – $1M
- Starting rate
- From 6%
Predictable payments
Term Loan
A one-time lump sum repaid over a fixed period, with a payment that never moves.
- Funding amount
- $10K – $1M
- Term
- Up to 24 months
- Starting rate
- From 6%
- Time to fund
- 1–2 days
Term Loan
Best for expansion, renovation, hiring
A term loan is the most ordinary instrument here and usually the cheapest for a large sum. The business takes one amount and repays it on a schedule fixed at signing, which makes the cost arithmetic rather than a forecast.
Use it when you already know the number: a second location, a refit, a large order, a hire you have been putting off. If you do not yet know the number, a line of credit is the better shape and costs nothing until it is drawn.
What it gives you
Why a business takes this one
- Fixed rate, fixed payment, known payoff date
- No restriction on what it funds
- Nothing pledged against it
- No application fee
The application
Start the application
Six steps and a few minutes. A soft inquiry only, no fee, and no obligation to take anything that comes back.
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All six
And what it is not
Business Line of Credit
A revolving limit you draw on when you need it, paying interest only on what you take.
- Credit line
- $10K – $500K
- Starting rate
- From 8%
Short-Term Loan
A fixed sum with a short payoff, for a cost that has already landed.
- Loan amount
- $5K – $500K
- Starting rate
- From 9%
Working Capital
Money for running the business at the size it already is.
- Loan amount
- $5K – $500K
- Starting rate
- From 7%
Equipment Financing
Up to $2 million for machinery, vehicles and technology, secured on the equipment itself.
- Financing amount
- $10K – $2M
- Starting rate
- From 5%
Merchant Cash Advance
An advance against future sales, repaid as a share of what comes in.
- Advance amount
- $5K – $500K
- Factor rate
- 1.1 – 1.5
Amounts, terms and rates below are Guardian's own published figures. Rates are the floor of what the network writes, not a quote, and the cash advance is a factor rate rather than an interest rate.