Opening a new location
A term loan delivers the whole amount up front, so a lease, a fit-out and the first months of rent can be planned together.
Business Term Loan
Who it's for
Established businesses seeking structured financing for growth or operations.
Typical amounts
$10,000 – $5,000,000
Terms
6 – 60 months
Requirements
6+ months in business
Requirements
$15K+ monthly revenue
Requirements
550+ credit score
One lump sum, one set schedule, and a cost you can plan around instead of reacting to.
What it helps
When a term loan is the right fit.
Remodeling or upgrading a facility
A set schedule over 6 to 60 months suits a build that should be paid for over time, not in a season.
Hiring ahead of the work
Structured capital can cover new payroll while the revenue those people bring in catches up.
Making a large, planned purchase
When the cost is known and the timing is yours, a fixed schedule is easier to run a business against.
Process
Three steps to get funded.
01
Apply in minutes
Fill out one short online application. Tell us what your business does and how much capital you need.
You provide: six months of business bank statements, a photo ID, a voided check and a list of any current advances or loans.
02
Talk to a specialist
A Falcon specialist reviews your file, asks for anything that is missing and walks you through your options.
You get: a call about the amount, the term and the full cost, before anything is signed.
03
Approve and get funded
Once you are approved, review and sign your agreement. Funding is often about 2 days after approval, and some files fund the same day.
You see: your amount, your schedule and the full cost, all spelled out on the agreement.
FAQ
Term loan questions
Term loans typically run $10,000 – $5,000,000 with 6 – 60 month terms. Funding is often about 2 days after approval; some files fund the same day. Final terms depend on underwriting.
Rates are competitive. They depend on the product, term and your business profile, and no specific rate is published on this page. Your specialist will show you the full cost of any offer before you sign.
Typically 550 or higher, along with 6+ months in business and $15K+ monthly revenue. Final terms depend on underwriting.
Prepayment terms vary by agreement. Your specialist will explain them before you sign.
Falcon charges a 0% agreement fee. The cost of the loan itself is disclosed in full before you sign.
Six months of business bank statements, a government-issued photo ID, a voided check and a list of any open advances or loans.
When a term loan isn't the right fit.
A term loan hands you the money once. Here are three situations where another Falcon product fits better.
If you need to draw, repay and draw again
A line of credit is revolving: draw what you need, pay for what you use, and the rest stays available.
Business Line of CreditIf what you are buying is the asset itself
Equipment, vehicles and commercial property can secure their own financing, so the cost is tied to the thing you are buying.
Collateral & Asset LoansIf the money has to arrive today
A short-term loan is one option inside this product, and a merchant cash advance is built for funding the same day once you are approved and signed.
Merchant Cash AdvanceFrom the blog
