Term loans for large, planned purchases.
A term loan gives you a set amount of money up front. You pay it back on a set schedule over months or years. We help established businesses compare term loans from our funding partners.
How term loans work
Term loans work best when you have a clear plan and can predict what it will earn or save. You might open a new location, buy out a partner, replace higher-cost debt, or fund a growth project.
Fixed payments make term loans easier to plan for than credit lines or funding based on sales. But you have less choice after funding. You get the full amount at closing and start paying it back on a set schedule.
How funding and payments work
- Structure
- One payment to you, paid back on a set schedule Learn more about structure
- Repayment
- Fixed monthly payments for a set time Learn more about repayment
- Typical term
- 1–5+ years, based on the partner and how you use the money
- Collateral
- May require property to back the loan, based on your business and finances
Things to think about
- — You start paying interest on the full amount at closing, even if you use the money over time.
- — Rules for paying early vary by partner. Some let you pay early with no fee. Others do not.
- — Approval and pricing depend on time in business, revenue, credit profile, and use of funds.
Grandview Capital Lending Inc is a business financing broker, not a direct lender. Funding is subject to approval and not all applicants will qualify. Terms, structures, and availability are determined by the funding partner.
Other funding options to compare
Business lines of credit
Borrow money as needed, pay it back, and borrow again. Use it to pay staff, stock goods, or cover short-term cash gaps.
View business lines of credit detailsEquipment financing
Money to buy machinery, vehicles, or other equipment. The equipment usually backs the funding.
View equipment financing detailsRevenue-based financing
Get money up front and repay a share of customer payments or sales. This can fit businesses with steady monthly income and seasonal changes.
View revenue-based financing detailsAsk an advisor about term loans
We will review your needs and explain if this option fits. We can also help you compare other options. No obligation.