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Business Term Loans

Take care of your business' daily expenses, and keep your business running smoothly. Business term loans let you cover these funding amounts at a specific term-length.

A maximum loan amount of $25,000 – $500,000
Interest rates start at 7% – 30%
Loan terms last from 1-5 years
Get approval as fast as two days
Apply Now
Business Term Loan

Our Easy Process

Three easy steps to get started


Fill out our form to start the qualification process.


One of our agents will review your application and get you the best rate available.


Receive working capital for your business and 10,000 award miles.

How Do I Qualify For A Business Term Loan?

Technically, any business is qualified to apply for a traditional business term loan -- as long as you've been in business for a decent length of time, you've got good credit scores, and you're generating enough revenue.

However, it's important to note that not all business term loans are the same. The interest rates, the maximum size of the loan, and the length of the term varies. It depends on your business revenues and credit rating. Traditional business term loans also have longer repayment periods compared to short-term loans.

Most businesses who received approval had:

An annual revenue of $300,000 or more
Credit scores at 680
Been in business for over three years

Applying for a Business Term Loan

Traditionally, these loans are offered at traditional banks and other credit unions. But for a faster application process, you can apply for a business term loan online.

Some documents we require include:

Driver’s License
Voided Business Check
Bank Statements
Balance Sheet
Profit & Loss Statements
Credit Score
Business Tax Returns
Personal Tax Returns

Ready to get the funding your business needs?

Apply Now
Business Term Loans

The Basics of Business Term Loans

Traditional business term loans come in a set repayment term length and fixed interest rates.

And since every business needs extra cash once in a while, business term loans can be your ideal financing solution, especially if you're looking for a medium-to-long loan option.

We, at Merchant ReFi, take pride in our diverse marketplace. We are all about helping all sorts of business owners fund their own business. We can help you find flexible funding in the form of business term loans.

Business Loan Fundamentals

Business term loans provide businesses with a large amount of capital in a single lump sum. A business term loan is also one of the most common kinds of business loans out there. It’s a fixed amount of cash with a predetermined interest rate, which can come fixed or variable. After getting approval, you are then expected to pay that cash back over the agreed-upon amount of time in increments and regular intervals.

Concerning the advantages that a business term loan has, there are a varieties of it. It’s perhaps your best option if you’re looking to finance large investments; like hiring new employees, investing in new pieces of equipment, opening secondary or tertiary company locations, etc.

Perhaps the most significant upside to availing of a business term loan is that no part of the entire loan comes unexpectedly. You’ll know exactly what you’re getting into.

When Should You Use a Business Term Loan

Whether your business is just starting or taking big leaps to expand an existing business, you need extra funding from time to time. And when you require this, a business term loan is a great idea — more so if you need it.

Every so often, a business opportunity comes around, and without the right funds, you’d have to pass up on the opportunity. And in situations like this, acquiring a business term loan can give the funding you need to cover your business’ needs. You should consider this loan if you plan to do a bit of space renovating or maybe purchase equipment, or any other similar form of investment.

Advantages of a Business Term Loan

Availing of a business term loan has several features that make it ideal for a lot of small business owners. As a source of merchant financing, the considerable benefits for this loan include:

  • Great for expansion:Great for expansion: You can borrow large amounts of money to fund your business growth.
  • Quicker funding and approval:Quicker funding and approval: Business term loans applied for online are processed quicker.
  • Longer repayment terms:Longer repayment terms: The longer repayment terms can make huge investments more affordable.

Should You Consider a Business Term Loan

When used in the right way, a business term loan can help you improve your business and even take it to the next level by introducing new opportunities and possibilities.

You should consider a working capital loan as a/an:

  • Method of acquiring unique purchasing opportunities
  • Precaution against unexpected costs
  • Short-term financing option

How Much Will a Business Term Loan Cost You?

No matter what type of loan you're investing in, it's still important to know how much the financing will cost you. And business term loans are actually pretty easy to compute on your own.

Here's how your business term loans are calculated:

Computing Your Business Term Loan

So let’s say your business is qualified for a business term loan.

And in this traditional term loan offer, your business is borrowing an amount of $30,000 from the lender. The interest rate is at 10% and a 5-year term. Also, because of the longer length of a business term loan, you can expect a monthly payment of about $212.47.

And since there are 22 payment days in a month, you’ll need to make an average of 396 payments. How much is that, if you pay daily?

Since that’s a set term, that’s a predictable expense you can easily anticipate and build your financial plans around. And it’s also worth noting that small business term loans come with fees attached to the loan. Some of these fees include origination fees, packaging fees, prepayment fees, and so on.

Will the Cost be Worth it?

A business term loan is ideal for any business which requires good sources of finances to fund huge investments — like finding equipment, doing headquarter renovations, and making other similar types of large investments that would benefit your business.

In traditional term loans, you aren’t paying equal parts interest or the amount you borrowed monthly. Usually, lenders stack interest payments early on and leave principal payments for later on as your small business term loan continues. That way, even if you’ve managed to pay your loans off early and the rest of the interest is pardoned, you’ve still paid the majority of it to the lender.

So make sure to understand the kind of loan you’re applying for completely, and ask lenders about other terms and conditions. Also, accurately determine if a business term loan is the right financing option for your business.

What’s In It For You

Your small or even medium-sized business has financial obligations. We recognize that and our merchant advance can help! You can use your advance for anything related to your business — such as real estate, taxes, payroll, and more — and you can get it as soon as you’re approved. Our merchant cash advance company also doesn’t require you to put down any collateral, making the process easier and less stressful for you. Looking for an increase in working capital? Welcome to Merchant ReFi.

On top of that, you also qualify to receive United MileagePlus® award miles. You’ll receive your bonus miles 30 days after funding for $20,000 or more if your account is in good standing. Whether you’re taking a business trip or jetting off on a family trip is up to you — we’re just here to help make it possible.

Merchant ReFi

Not sure how to find working capital? Merchant ReFi is the answer. Get merchant finance as soon as you’re approved — which is often the same day you apply — and repay your merchant advance easily through small percentages taken out of your company’s credit card transactions or through a fixed ACH debited to your bank account. We’re business lenders who are here to help your business succeed, and you get United MileagePlus® award miles while you’re at it.


Earn 10,000 United MileagePlus® bonus award miles!

What Our Happy Customers Have Been Saying

These guys are one of the most trustworthy and honest people in the industry. They actually want to help your business. Definitely worth your time.

Stefano DamianiBusiness Owner

Great customer success team. They took the time to understand our needs and found a program that would fit exactly. Also coached us through the process patiently ensuring that we understood everything.

Shah AshishBusiness Owner

Merchant Refi gave me the small Business loan that I needed to jump start a new project and I am very happy with how easy it is to work with them. Jack and his Team are Good-People, the transactions are smooth, and they actually care about the success of my projects.

Daniel RubensteinBusiness Owner

Merchant ReFi is the only direct funder to offer bonus United MilagePlus award miles along with fast working capital.

Get an advance and earn 10,000 United MilagePlus bonus award miles.