Business Term Loan Lenders
Securing the right financing is crucial for business growth. In 2025, numerous lenders offer business term loans tailored to various needs. Whether you're looking to expand operations, purchase equipment, or manage cash flow, selecting the appropriate lender can make a significant difference.
There are many alternative business finance companies, but not all offer unsecured term loans. We put together a list of lenders that offer a business loan product directly with merchants or through ISO partners and other channels.
Rates, maximum funding amount, and terms vary. Some funding companies below have recently introduced a loan product, and others have been doing so for quite some time, but they may also offer lines of credit, merchant cash advances, equipment financing, or other business financing products.
Several companies offer a term loan product that is structured legally as a simple interest loan.
The key is in the language and terms in the contract, which should be thoroughly explained by ISOs and brokers to the merchant.
Why Choose a Business Term Loan?
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One of the main advantages of a term loan is its payment structure. Unlike other types of financing, term loans have a set payment schedule. This means that you can track and know exactly how much money you owe each month.
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A business term loan is flexible and can be used for a wide variety of business purposes. Usually, most loan providers will allow you to use their loan for a variety of purposes.
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Online lenders can provide fast and flexible term loan solutions to businesses. Although banks and credit unions can also offer term loan solutions, they typically require more time to fund.
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Term loans are typically the best way to finance large business investments. They can provide you with access to large amounts of capital over time, and they're also great for building credit.
Factors to Consider When Choosing a Lender
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When evaluating potential lenders, consider the following:
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Interest Rates and Fees: Compare APRs and any associated fees to understand the true cost of the loan.
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Repayment Terms: Ensure the repayment schedule aligns with your business's cash flow.
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Qualification Requirements: Review credit score, revenue, and time-in-business criteria.
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Funding Speed: Determine how quickly the lender can provide funds
Tips for a Successful Loan Application
To enhance your chances of approval:
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Maintain a Strong Credit Profile: Ensure your business and personal credit scores are in good standing.
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Prepare Financial Documents: Have up-to-date financial statements, tax returns, and business plans ready.
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Demonstrate Repayment Ability: Show consistent revenue streams and cash flow projections.
Ready to Secure Your Business Term Loan?
Explore the lenders listed below to find the best fit for your business needs. Each offers unique advantages tailored to different business profiles. Remember to conduct thorough research and consider consulting with a financial advisor to make an informed decision.
This is not an endorsement for these companies, so please perform your own due diligence before working with them.
Advertising Disclosure
Ascentium Capital
Need cash in a hurry? Get on the fast track with Ascentium Capital. Their short-term business loans provide the cash you need to drive growth and accelerate profits.
With an Ascentium Capital short-term business financing, you’ll get the working capital you need to not just survive, but also thrive. Use the cash to expand, purchase inventory, advertise, or even pay taxes. They will work with you to get a fast and flexible loan that meets your specific needs and budget.
Ascentium Capital’s business working capital loan approval process isn’t just based on your credit score. Instead, they take a complete, holistic view of your business, allowing us to make short-term business loan decisions quickly, and to deliver credit approval for up to $250,000 of working capital.
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Simple credit application
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Flexible terms from one to 24 months
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Fast approvals with same-day funding
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Convenient business loans (not a cash advance on future sales)
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Flexible uses for funds for your diverse business needs
Breakout Finance
At Breakout Finance, they understand that every business is one-of-a-kind. That’s why they believe in tailored financing strategies. Their expertise in alternative financing, including working capital term loans, invoice factoring, asset-based loans and purchase order financing, allows us to cater to the specific needs of our clients by offering customized lending options under one roof. Our transparent lending approach and relentless drive to stay ahead of the curve mean that they’re always focused on what comes next for our clients.
Flexible Payback Schedule Daily, Weekly, or Monthly!
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Up to $1,000,000
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Up to 24-Months
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Starting at 1.25%/Month
Requirements:
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Time in Business -1 Year
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Minimum FICO - 600
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Profitability Required - No
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Monthly Minimum Revenue - $10,000
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One-Time Origination Fee - 1-5%
Rebate for Prepayment - Rebates are available and are tailored for bridge loans
Lower Interest Costs - Their loans with your factoring can lower interest costs.
CAN Capital
Can Capital offer term loans for your small business. A loan scheduled to be repaid in a relatively short period of time to finance your business's working capital needs. Generally used for many of the same purposes as a line of credit or to supplement an existing line of credit.
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Funding $2,500 to $250,000
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6 to 24 Month Terms
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Fast Approval
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Upon final underwriting approval, funds can be deposited as fast as the next business day
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Fixed Daily or Weekly Payments
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Automated ACH Deduction
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Pre-Payment Discount Available
Funding Circle
Explore our most flexible loan, with funds in as few as 3 days.
Low monthly payments, no prepayment penalties, and faster-than-the-bank decisions: term loans are just one of three flexible financing options covered under our simple application.
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Approval as fast as 24 hours
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Receive your funds in as few as 3 days
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Flexible loans up to $500,000 with fixed rates
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Term lengths from 6 months to 7 years
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No prepayment penalties
IOU Financial
Flexible Small Business Loans from IOU.
IOU Financial is publicly traded on the Canadian TSX-V exchange under the ticker symbol IOU (TSX-V: IOU).
3-Minute Application, Pre-Approved in Seconds!
IOU’s new Premier PLUS term loan is available to businesses that have been in operation for at least 5 years and rewards those with high credit scores. This product is designed to provide small business owners with easy access to larger loan amounts and payments spread out over 36 monthly installments:
NewtekOne
NewtekOne (NASDAQ: NEWT) and its portfolio companies are premier providers of business solutions that are designed to help organizations grow sales, reduce costs, and minimize risk.
We can often do what banks can not, including:
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loans from $1,000 to $15 million
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payback terms as long as 7 to 25 years
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48 hour pre-qualification turnaround
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they complete ALL application documents for you
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you get a dedicated lending specialist throughout the process
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refinance existing debt, working capital
OnDeck
Created to support and empower small businesses, OnDeck is 100% committed to serving our customers with the smartest financing solutions and world-class service. OnDeck is the secure financing service that business owners everywhere can
truly rely on.
Every business is different. You can customize an OnDeck Short Term Loan to meet your needs. Short term loans are a great option when you need to borrow money for a specific investment in your business, like starting a new project, expanding, or making a large purchase.
With an OnDeck short term loan, you get a one-time lump sum of cash to use for your business as you see fit. You’ll have your funds as early as the day you finalize your loan, and you can pay it back on your schedule to match your specific project timeline.
Features:
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Loan amounts of $5K-$250K
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Repayment terms up to 24 months
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Automatic daily or weekly payments
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Same Day Funding
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Prepayment Benefits
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Business credit building
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Transparent pricing
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Loyalty benefits
Quickbooks Capital
Apply for a QuickBooks Term Loan to fuel your growth plans.
QUICKBOOKS TERM LOAN
Loans for expansion and growth.
Whether it's to cover a big expense or fund a new venture, a business loan through QuickBooks can help support your goals.
There are no origination fees, no prepayment penalties, and no late fees. You’ll pay only loan interest.
When you apply for QuickBooks Term Loan it won’t affect your personal credit score in any way.