Traditional Term business loan

Rates: Transparent. Fixed interest rates as low as 5.49% with monthly payments

 

Fees: Just one origination fee: 3.5–6.99% of the loan principal

 

Prepayment penalty: Nope.

 

Repayment term: 1–5 years Varies but typically less than 12 months Average around 5 years

 

Customer service:  White glove service from your own loan specialist from day one

 

Underwriting: personal underwriter gets to know you and your business holistically

 

Approval time: In as soon as 10 days