manu // term-loans
Business Term Loans
Lump-sum capital with fixed payments over 1 to 7 years. Predictable costs, flexible use. One application to 75+ lenders. Powered by National Business Capital.
National Business Capital network figures.
Understanding Business Term Loans
A business term loan provides a lump sum of capital upfront, repaid through fixed payments over a set period. It is the most common form of business financing, offering predictable costs and flexible use of funds.
How It Works
You receive the full loan amount at closing and repay it through fixed monthly, weekly, or daily payments over the agreed term. Interest may be fixed or variable. Longer terms mean lower payments but higher total cost, while shorter terms are the opposite.
Key Terms & Eligibility
$25K to $15M
1 to 7 years
7% to 30% APR
2 to 14 days
580
Varies; may be secured or unsecured
One application returns matched offers from 75+ lenders, so you compare instead of guess.
Who Should Use Business Term Loans?
Businesses with a specific capital need, like expansion, equipment, or a major project, that want predictable repayment and a clear payoff date.
Common Uses
- Business expansion or new location
- Large equipment purchase
- Debt refinancing
- Major marketing or product launch
Pros & Considerations
Pros
- Predictable fixed payments
- Clear payoff date
- Flexible use of funds
- Wide range of amounts and terms
Considerations
- May require collateral for larger amounts
- Longer terms increase total interest
- Prepayment penalties may apply
How You Qualify
Lenders weigh the whole business, not just a score:
- Time in business and revenue (min. 1 year, $15K/mo)
- Bank deposit consistency and cash flow patterns
- Owner credit (min. 580), as one input among several
- Collateral or asset value, where applicable
Strong revenue or valuable assets can carry a deal that credit alone would not.
How to Apply
- Tell us how much you need and what for. One form, no fee to apply.
- Share basic business and owner details. No hard credit pull to pre-qualify.
- Send recent bank statements, plus equipment quotes, invoices, or financials if relevant.
- Compare matched offers from 75+ lenders and pick what fits.
FAQ
What is a business term loan?
A term loan provides a lump sum of capital upfront that you repay through fixed payments over a set period (the term). Terms typically range from 1 to 7 years. It is the most versatile business financing product, usable for almost any business purpose.
How much can I borrow with a term loan?
Term loans range from $25K to $15M, depending on your revenue, credit, time in business, and whether the loan is secured. The NBC network matches you with lenders offering the best terms you qualify for.
What credit score is needed for a term loan?
Most term loan programs look for a credit score of 580 or higher, but requirements vary widely by lender and loan type. The NBC network includes lenders across the credit spectrum.
How are term loan payments structured?
Term loans can use monthly, weekly, or daily fixed payments. Monthly payments are common for longer-term loans. Shorter-term loans often use weekly or daily debits to reduce risk and enable faster funding.
Is there a hard credit pull to pre-qualify?
No. There is no hard credit pull to pre-qualify through the NBC network, so checking your options does not affect your credit.
Can I use a term loan for any business purpose?
Yes. Term loans have flexible use of funds. Common uses include expansion, equipment, inventory, marketing, debt refinancing, and working capital. Some lenders may ask how you plan to use the funds but rarely restrict usage.
What is the difference between a short-term loan and a term loan?
Short-term loans have terms of 3 to 18 months with daily or weekly payments and higher rates. Term loans have terms of 1 to 7 years with monthly payments and lower rates. Term loans are better for larger, longer-term investments.
Comparing Business Term Loans to Other Options
- vs. SBA Loans: SBA offers lower rates and longer terms but takes 30-60 days. Business Term Loans funds significantly faster but at comparable or slightly higher rates.
- vs. Equipment Financing: Equipment financing is secured by the asset and limited to equipment purchases. Business Term Loans offers broader use of funds.
- vs. Working Capital Lines: Working capital lines are revolving and best for ongoing needs. Business Term Loans provides a lump sum suited to specific capital needs.
Related Financing Options
- SBA Loans — government-backed, lowest rates
- Equipment Financing — asset-secured, fast approval
- Working Capital Loans — revolving, flexible use
- Business Line of Credit — draw only what you need
Sources
- U.S. Small Business Administration, finance your business: sba.gov/business-guide
- Federal Reserve, Small Business Credit Survey: fedsmallbusiness.org/
- SBA funding programs overview: sba.gov/funding-programs
About Manu
Manu is a digital platform that helps US manufacturers and small businesses list facilities, showcase capabilities, and market products.
About National Business Capital
National Business Capital is a fintech financing platform that connects businesses with 75+ lenders, $3B+ secured nationwide since 2007.
Verified Reviews
Businesses funded through the National Business Capital network have left 3,000+ five-star reviews on Google and Trustpilot. NBC has secured over $3B in financing since 2007 and maintains an A+ rating. Read verified reviews on NBC's website.
This page was last reviewed July 10, 2026 by Malik Samara, Managing Partner. Our editorial team reviews and updates content on a rolling basis. Learn about our editorial standards.
Manu Business Lending is a paid referral partner of National Business Capital. Financing is provided by NBC and its lender network, not by Manu, and all loans are subject to lender approval, terms, and conditions.