01
Defined capital expense
You know exactly what you need the capital for — a renovation, an acquisition, a fleet purchase. A term loan funds it with payments you can underwrite against your forecast.
Term Loans
Fixed capital.
Fixed payments.
Funded in 5–10 business days.
Predictable capital with predictable payments. From $25K to $5M, structured over 1 to 5 years.
$25,000 — $5,000,000
Or call (914) 677-2272 — Mon – Fri, 9–7 EST
Term loan · fundedThis week
Approved amount
$425,000
Term
36 months
Payment
$12,840/mo
Industry
Manufacturing · TX
Rate
9.4%
Avg. term loan
$640,000
Explainer
How a term loan works.
A term loan is the most traditional structure in commercial finance. You receive a fixed lump sum at closing and repay it in equal monthly installments over a defined period — typically 1 to 5 years. Every payment includes both principal and interest, amortized so the balance reaches zero on the final due date.
The interest rate and term are agreed at origination and don't change. Whether revenue triples or contracts, the monthly payment is the same. That predictability is the trade — you give up the flexibility of revenue-based products and get budgetable cash-flow planning in return.
Mechanically, a term loan is the opposite of an MCA. MCA payments breathe with revenue; term loan payments are flat. MCA pricing is a one-time factor; term loan pricing is an APR that compounds. Term loans suit operators who can underwrite a fixed obligation against a defined revenue forecast.
Principal
The original loan amount, separate from interest. Pays down with each installment.
Term
Repayment period — typically 12 to 60 months. Longer terms lower the payment, raise total interest.
Amortization
The payment schedule. Every installment is principal plus interest, sized so the balance hits zero on schedule.
When it fits
When a term loan fits.
Term loans work best when the use of funds is defined and the cash flow to service the payment is real.
02
Refinancing existing debt
Consolidating expensive short-term debt into a single longer-term obligation at a better rate. Cleans up the balance sheet.
03
Predictable growth investment
Hiring a team, opening a location, scaling marketing — capital needs where the upside is real but takes 12+ months to play out.
Qualifying
What you'll need.
Term loans require real underwriting. Plan for a slower close than an MCA, but a cheaper cost of capital if you qualify.
Time in business
2+ years
Annual revenue
$250K+
Credit profile
650+ FICO preferred
Documents
Last 2 years tax returns, bank statements, P&L
Outside these ranges? Talk to us anyway — we'll route to the product that fits.
How it works at Green Advance
Four steps to funded.
Term loans take a few extra days versus an MCA. The trade is a cheaper, more predictable structure.
0110 min
Apply
Business basics, tax returns, and last 6 months of bank statements.
0224–48 hours
Review
Underwriting reviews the file in-house and matches it to the lender path that fits.
03Same day
Offer
Terms presented in writing — rate, payment, schedule, all locked before you sign.
045–10 days
Funded
Sign electronically. Capital wires to your operating account.
Talk it through
Green Advance assistant
Walk through term loans with us.
Two minutes of questions, then we'll route you to a funder with the context already in hand.
FAQ
Questions we get, answered straight.
Apply for term capital
Apply for a term loan.
Cleanly underwritten.
Ten-minute application. Decision within 1–2 business days. Capital wired in 5–10 after signing.