A term loan fits a defined purchase with a clear payoff. Apply in five minutes; funding from $25,000 to $5,000,000, in as little as 24 hours.
Apply Now →A term loan is a lump sum for a specific purpose, as opposed to a flexible cushion you draw on and repay repeatedly. It suits a project with a start, an end and an expected return: a second location, a vehicle, a build-out, a bulk inventory purchase or a hire that has to be in place before the revenue arrives.
In Central Texas, plenty of businesses are at exactly that point. The Austin-Round Rock-San Marcos metropolitan area is a five-county area on the Interstate 35 side of the state, with a 2020 census population of 2,352,426, the 25th largest in the country, and it borders Greater San Antonio to the south. Growth in a market like that rewards the owner who can act on a decision while it is still a good one.
The grouping runs from Travis and Williamson County to Hays, Bell, McLennan, Burnet and Llano. Typical term-loan uses include a restaurant adding a second site, a medical or dental practice adding a treatment room, a contractor buying a larger truck and trailer, a retailer opening a second storefront, and a technology or professional-services firm hiring ahead of a large contract.
| Item | For illustration only |
|---|---|
| Build-out of a second location | $150,000 |
| Weeks before first revenue | About eight |
| Cost of staff and rent in that period | Paid before sales begin |
| Result | The purchase and the ramp-up both need funding |
These numbers are not our terms or typical results. They show why project money and operating money are different needs, and why a term loan has to account for both.
The application takes about five minutes and uses a soft credit pull. Amounts run from $25,000 to $5,000,000, and funding can arrive in as little as 24 hours. Sole proprietors can apply.
A defined purchase or project with a start, an end and an expected payback, such as a build-out, a vehicle or a second location.
A term loan is a lump sum for a specific purpose. Working capital covers day-to-day cash flow gaps. Many businesses use one for each.
Nineteen counties across the Austin and Central Texas grouping, from Travis and Williamson to Bell, McLennan, Hays and Llano. It is an editorial grouping.
The application uses a soft credit pull.
Yes.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
