PLANNED BUSINESS FINANCING
Term Loans
A lump sum for planned business investments.
A term loan may provide one lump sum that is repaid according to an established schedule. This structure may be considered for a defined purchase, project, expansion plan, or other longer-term business investment.
One Short Request
No Obligation
No Hard Credit Pull to Start
Available amounts, pricing, fees, repayment schedules, and term lengths vary by provider.
One Lump Sum
Receive an approved amount for a defined business purpose.
Defined Schedule
Repay according to an established payment schedule.
Planned Investment
Often considered for projects, purchases, or expansion.
Terms Vary
Rates, fees, payment frequency, and term length vary by provider.
UNDERSTANDING THE PRODUCT
What Is a Term Loan?
A term loan is a financing structure that generally provides one lump sum for an approved business purpose.
The funded amount is typically repaid over an established period through scheduled payments. Payment frequency may be daily, weekly, monthly, or another interval depending on the provider and product.
Unlike a revolving line of credit, amounts repaid generally do not become available to draw again. Pricing, term length, payment structure, collateral requirements, and prepayment provisions vary by provider.
At a Glance
Structure: One lump sum with a defined repayment schedule
Common fit: A specific purchase, project, or planned investment
Repayment: Scheduled payments over an established term
Availability: Subject to provider approval, qualifications, and product guidelines
Common Uses for a Term Loan
Businesses may use term-loan proceeds for eligible planned purchases, projects, or investments, subject to the provider’s agreement.
Expansion and Renovations
Open a new location, improve an existing space, or support a planned expansion project.
Major Business Purchases
Fund a significant purchase needed to operate, improve capacity, or support growth.
Hiring and Growth
Support recruiting, training, launch costs, or other planned growth initiatives.
Business Debt Refinancing
Refinance or consolidate eligible business obligations when an available structure makes sense.
Could a Term Loan Fit Your Business?
The appropriate structure depends on your funding purpose, timing, repayment preferences, qualifications, and the options available.
A Term Loan May Be Worth Exploring When:
- You have one clearly defined purchase or project
- You know the approximate amount needed at the beginning
- You prefer a defined repayment schedule
- The funding supports a longer-term business investment
- You are planning expansion, renovations, hiring, or a major purchase
- You do not need recurring access after repayment
A Line of Credit May Fit Better When:
- Your business has recurring or unpredictable short-term expenses
- You want to draw only what is needed at a given time
- Cash-flow needs change from month to month
- You want potential access to available credit after repayment
- You need flexibility rather than one fixed lump sum
A SIMPLE STARTING POINT
How to Explore Term-Loan Options
The initial VeriPoint request is designed to be straightforward and does not require document uploads.
1
Submit an Initial Request
Provide basic information about your business, the amount you are exploring, and the intended use of funds.
2
Funding Partner Review
Your request may be routed to participating funding partners whose programs could align with the information submitted.
3
Review Potential Terms
If an option may be available, review the funded amount, repayment schedule, payment frequency, pricing, fees, collateral, and requirements.
4
Choose Your Next Step
You decide whether to continue. There is no obligation to accept an offer or open an account.
Important Terms to Review
Before accepting any funding arrangement, review the complete agreement and ask the provider questions about costs, access, and repayment.
Costs and Fees
Review the interest rate or financing cost, origination or closing fees, total repayment amount, and any other charges.
Payments and Term Length
Confirm payment frequency, term length, payment amount, late-payment provisions, and whether payments may change.
Guarantees and Collateral
Depending on the provider, amount, and product, a personal guarantee, business assets, a lien, or other security may be required.
Frequently Asked Questions
How much could I receive through a term loan?
Potential loan amounts depend on the provider, business revenue, credit history, time in business, bank activity, existing obligations, intended use of funds, requested amount, and other qualifications. The approved amount may differ from the amount requested.
How long are term-loan repayment periods?
Repayment periods vary by provider, product, amount, business profile, and intended use of funds. Review the complete schedule, payment frequency, total cost, and maturity date before proceeding.
Are term-loan payments fixed?
Some term loans have fixed payments, while others may use a different payment structure. Payment amounts and frequency depend on the provider’s agreement, so review the complete terms before accepting an offer.
Will submitting a request affect my credit?
The initial VeriPoint Funding request does not require a hard credit pull to start. A participating funding partner may request authorization to review your credit later if you choose to continue.
Is collateral required?
Some term loans may be unsecured, while others may require business assets, a lien, or other collateral. A personal guarantee may also be required.
Can I repay a term loan early?
Early-payment rules vary by provider. Some agreements may permit early repayment without an additional charge, while others may include prepayment provisions or minimum financing costs. Review the agreement carefully.
Ready to Explore Term-Loan Options?
Tell us about your business, the amount of funding you are exploring, and how you intend to use the funds.
Takes about one minute · No obligation · No hard credit pull to start
No obligation to accept an offer.
VeriPoint Funding does not guarantee approval, funding availability, a particular loan amount, or specific terms. Term loans are subject to funding partner and/or lender approval and may not be available in all states or industries. Rates, fees, repayment schedules, payment frequency, collateral requirements, documentation requirements, and timing vary by provider and applicant qualifications. VeriPoint Funding is not a direct lender and does not make credit decisions.