Find & Compare Best Small Business Term Loans

A perfect solution for small business owners who prefer fixed payments
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Have you been searching for a simple funding option to achieve your short and long term business goals? Does your small business need to add new employees to the team, open another location, acquire a rival business, renovate the office, or purchase equipment? A small business term loan is likely your best option, giving you cash to grow your business.

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Customize a term loan on Smansha to meet your needs

Every business' financing needs are different. From low interest & set payment rates to the high loan limits, there are many reasons that term loans are a fan-favorite among small business owners. At Smansha Lending Marketplace, we help businesses apply, compare multiple term loan offers from different lenders & secure the best business term loan to fit the needs & budget.

Loan Amount

$5,000 to $1,000,000

Loan Term

1-3 years

Interest Rate

As low as 8%

Repayment Term

3 months to 25 years

Security

Often require collateral

Funding Time

As fast as 48 hours

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Why Consider a Small Business Term Loan with Smansha?

Term loan is a simple funding option to achieve your short & long-term business goals. It gives the business the ability to use the money where it sees fit. Moreover, applying for a term loan is a simple & quick process.

Same day Funding Traditional banks often takes weeks to months to approve & transfer the funds. With Smansha, once approved, you can receive the funds within 24 business hours.

Quick & Easy Loan Approval Process While traditional banks are known for the complicated loan approval process, our lending partners use various technologically-advanced web-based applications to offer easy and faster funding.

Don't Need a Perfect Credit Asset Based Lenders are less worried about your business' previous cash flow, profitability, or even your own and business credit and revenue history. Generally term loans are secured against the value of your assets.

Utilize for Nearly Any Purpose Whether you need to purchase a specific inventory, finance major technology, or refinance business debt, you can use a term loan for any purpose as a small business owner.

Improve Credit Score Term loans help develop credit score as well. By making full & on-time payments will eventually improve your business credit score.

Find the Best Deal Our business funding experts can help you match your business with a wide range of term loan options. You can compare interest rates, terms & payments & choose the one that meets your business' unique financial needs.

We Work With Top Alternative Lending Partners to Support Small Businesses with Financing

Apply for a Term Loan with Smansha & get your business rolling!

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Loan Amount

$2,500 to $50,000

Repayment Terms

3-12 months

Repayment Cycle

Often daily payments

Loan Amount

$50,000 to $250,000

Repayment Terms

1-5 years

Repayment Cycle

Bi-weekly or monthly payments

Loan Amount

$250,000 to $1,000,000

Repayment Terms

5-25 years

Repayment Cycle

Monthly payments

How it works?

1

Sign UpOn our secure & innovative lending platform to get started for safe & worry-free funding.

2

ApplyWith some basic business information, compare the loan options & find the perfect funding for you or your client.

3

Receive FundsReceive the approved funds in your business account within 24-48 business hours.

4

Make PaymentsAutomatically from your business bank account.

Make smarter decisions about your small business by comparing term loans offers from multiple lenders at Smansha

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FAQs

The requirements varies with the lenders and other factors as the interest rate, maximum amount, and length of the term you will be qualified for depends on your business revenue & credit rating. A minimum of 1-year business history, a minimum credit score of 680, $100,000+ in annual revenue & a profitable business are some of the most common factors that matter the most when qualifying for a traditional term loan.

From the set payment structure & low-interest rates to longer repayment terms & quick loan approval process, the benefits of business term loans are numerous. Business term loans are a cheaper source of financing & it gives a business the ability to use the money to work where they see fit. Besides that, interest payable on the term loan is a tax-deductible expenditure, thus you can get taxation benefit on interest.

Whether you’re looking to expand your business, add new employees to your team, introduce a new product, refinance business debt, open another location, acquire a rival business, or purchase inventory, you can use a term loan for nearly any business purpose as a small business owner.

Since the term loan fees vary by lender, review carefully before applying for one. Some fees that may be tacked onto your offer are the origination fee for processing a new loan, processing fee, utilization fee, documentation fee, prepayment fee, late fee, and closing fee.

There are 3 types of term loans namely short-term, intermediate-term, and long-term loans, each with their own features & benefits. In short-term loans, borrowers must repay within a year in larger, often daily payments. Intermediate-term runs between 1 to 3 years & are paid bi-weekly or monthly from company’s cash flow. And long-term loans have a long tenure of more than 5, sometimes 20-25 years.

The basic procedure of term loans is you get a lump sum amount of money & repay the total loan amount over the period of the term, plus interest, which might be fixed or variable.
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