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Term Loan
Our small business term loans are made for businesses that need longer term growth capital

What is a Small Business Term Loan?

A business term loan is a lump sum of money you borrow from a lender, then pay back at fixed intervals — with interest — over a set period of time. Depending on your lender, you’ll pay off the loan on a weekly, bi-weekly, or monthly basis. Repayment periods can last from a few months up to 10 years or more. 

Business term loans are great vehicles to invest in big purchases and long-term business growth. With long repayment periods and typically lower interest rates than credit cards, term loans give you ample time to generate a return on your investment before you have to pay your loan off. 

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Ideal Financing For Your Business

Business term loans allow borrowers to pursue large-scale growth strategies while paying for the initiative over the life of the loan. Whether you are looking to tackle the next part of your business plan, open a new location, purchase/rent new equipment, expand into new markets, grow your team, or launch a new product, term loans can help you reach your next phase of growth.

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Business Term Loan Details

Advantages

  • Lower interest rates

  • Cash flow flexibility, as you can allocate your remaining cash for short-term operational expenses and emergencies

  • Long term payment structure

  • The interest is tax deductible

Disadvantages

  • Keeping up with fixed payments can be difficult for businesses that experience seasonality or fluctuation

  • Better suited for long-term projects rather than quick wins and cash flow stabilization

  • Can be more difficult to qualify for

Will your business qualify?

Approval for a term loan from Mahomes Capital Funding isn’t based on your credit score alone. We focus on the overall health of your business. Here are some factors we consider:

Which documentation is required?

We at Mahomes Capital Funding want to make the funding process as simple as possible for you. Therefore, minimal documentation is needed for your application

650+ credit score

24+ months in business

$10,000+ average monthly bank deposits

Signed one page funding application

3-5 most recent months company bank statements

Business tax returns (not all cases)

How To Apply

Prequalify Online

To get prequalified, follow the "Apply Now" button and submit some basic business information.

Same Day Approval

After your submission has been processed by the underwriting team, we will reach out to discuss the options you qualify for.

Get Funded

Upon approval and accepting the offer, funds are deposited directly into your business bank account so you can use the money immediately.

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