Business Term Loans — Predictable Capital on Your Schedule
Last updated: July 2026 · By the LoanPro Advisor editorial team
A business term loan delivers one lump sum repaid on a fixed schedule over a set term — through our partner REIL Capital, up to $250,000 over 6–24 months, funded in 1–3 days, with no pre-payment penalties. It's the pragmatic middle ground: faster and simpler than SBA, cheaper and more predictable than daily-payment advances.
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How it works
Apply in about 2 minutes, receive a decision within 24 hours, choose weekly, bi-weekly, or monthly payments, and receive the full amount as one deposit. Fixed payments make budgeting simple, and early payoff reduces total cost since there are no pre-payment penalties.
Term loan vs SBA — the short answer
| Term loan | SBA 7(a) | |
|---|---|---|
| Speed | 1–3 days | Weeks (FastTrack compresses) |
| Size (via REIL) | Up to $250K | Up to $10M |
| Term | 6–24 months | 6 months–25 years |
| Cost | Higher rate, shorter interest window | Lowest rates available |
| Documentation | 3 months bank statements | Full financial package |
| Best for | Fast, mid-sized, defined needs | Large, long-horizon investments |
The full decision framework lives on our SBA vs term loan comparison.
Best uses
- Defined projects with quick payback — a renovation that lifts revenue this year, not next decade.
- Equipment or inventory when the asset outlives the 6–24 month term comfortably.
- Bridging to SBA — fund now, refinance into a 7(a) when you qualify.
- Consolidating daily-payment advances into one predictable payment.
Costs in plain English
Compare any two offers on total payback — principal plus all interest and fees — not the headline rate. Ask three questions: What's the total I'll repay? What's the payment and frequency? What happens if I pay early? With REIL Capital's no-pre-payment-penalty terms, early payoff works in your favor.
Qualification
- ~$250K+ annual revenue
- 6+ months in business
- 3 months of business bank statements
- 500+ FICO paths — no hard credit pull to check options
Term loan FAQ
How does a business term loan work?
You receive one lump sum and repay it on a fixed schedule — weekly, bi-weekly, or monthly — over a set term. Through our funding partner REIL Capital, short-term business loans reach up to $250,000 over 6 to 24 months, fund in 1–3 days, and carry no pre-payment penalties.
When does a term loan beat an SBA loan?
When speed matters (days vs weeks), when the project's payback is short enough that a 6–24 month term fits, or when you don't yet meet SBA criteria. SBA wins on cost for large, long-horizon needs; term loans win on speed and simplicity.
What does a term loan cost?
Pricing varies with credit, revenue, and term length. Always compare offers on total payback — principal plus all interest and fees — and confirm early-payoff treatment. REIL Capital's short-term loans have no pre-payment penalties, so paying early reduces cost.
What do I need to qualify for a term loan?
Roughly $250K+ annual revenue, 6+ months in business, 3 months of business bank statements, and 500+ FICO paths — with decisions within 24 hours and no hard credit pull to check options.
Fixed payments, funded this week
Up to $250K · 1–3 day funding · No pre-payment penalties
Check your eligibilityIndependent resource, not a lender