Traditional Term Loans
- Crestmont Capital
- Small Business Lending
- Traditional Term Loans
(800) 949-0401 Apply Now
The biggest complaint we hear from prospective clients is only having access to bridge and short-term financing, even though they are working on a long-term project. The last thing a business wants is to obtain funding that requires full repayment even before realizing a single dollar of revenue. Local banks generally require too much documentation and takes months to facilitate funding. It is our philosophy that repayment of loans should correlate to the length of time a project takes to maximize return on investment.
As a result, we have developed a loan program with paybacks based on 36, 48, and 60 month terms. These longer term products allow your businesses maximize your return on investment while maintaining adequate liquidity. We specialize in seeing the long-term vision of small business owners when banks are to short sighted to understand the needs of a business and opportunities for growth. We get you approved when your bank won’t understand your dreams!
Term loans offer a straightforward, affordable funding solution for small businesses. When someone thinks of a business loan in the general sense, they’ll likely think of a traditional term loan. A traditional business term loan is a lump sum of capital that you pay back with regular repayments at a fixed interest rate. The set repayment term length will typically be one to five years long. Most business owners use the proceeds of term loans to finance a specific, one-time investment for their small business. Furthermore, traditional term loans are versatile, and companies often use them to fit a variety of needs.
Like an SBA loan, the terms of a traditional term business loan are ideal. First, you’ll have to fulfill the following minimum requirements before applying:
