Term Loans: Fixed Payments, No Prepayment Penalties
A lump-sum business loan with fixed monthly payments, no prepayment penalties, and faster funding than SBA. Clear terms, no surprises.
Funding Range
$20K – $500K
Speed
As fast as 3 days
Terms
Fixed monthly, up to 12 yrs
What is a Term Loan?
A business term loan is a straightforward financing product: you receive a lump sum of capital upfront and repay it in fixed monthly installments over a set period. Unlike SBA loans, term loans have simpler documentation requirements and faster closing timelines. Unlike lines of credit, they give you all the capital at once with a predictable payment schedule.
Best for
- Established businesses that need a specific amount of capital
- Owners who want predictable, fixed monthly payments
- Businesses that need funding faster than SBA timelines allow
- Companies with strong cash flow that don't want to pledge collateral
Not ideal for
- Businesses that need ongoing, revolving access to capital (consider a line of credit)
- Very large capital needs over $500K (consider SBA loans)
- Owners seeking the absolute lowest interest rates (SBA may offer better rates)
Common use cases
Qualification basics
Minimum requirements vary by lender. These are general guidelines to help you understand if this product is a fit.
- At least 1 year in business (preferred)
- Cash flow sufficient to support monthly payments
- Collateral typically not required
- Reasonable credit history
- Basic documentation: bank statements, tax returns
How it works
Apply online
3-minute application with basic business information.
Get matched
We connect you with lenders offering the best terms for your profile.
Review offers
Compare rates and terms with no obligation to accept.
Get funded
Capital in your account in as fast as 3 days.
Why Halford Capital
One application connects you to a network of leading national banks and private credit providers. We match you to the right lender so you don't have to shop around.
Bank-Level Security
AES-256 encryption protects every application. Your data is never sold to third parties.
Transparent Process
Clear terms, no hidden fees, no obligation. You see every offer before you commit.
Expert Guidance
Our team helps you navigate options and structure the best deal for your business.
Compare other financing options
If this product is close but not quite right, these pages will help you compare timelines, structures, and use cases.
SBA Loans
4-6 weeksGovernment-backed financing with the lowest rates and longest terms available to small businesses. The SBA guarantee reduces lender risk, giving you access to capital that might not be available through conventional channels, with repayment terms designed around long-term growth, not short-term cash flow pressure.
Commercial Real Estate
Approval in 48 hrsSpecialized financing for commercial property acquisition, refinance, and owner-occupied expansion. We structure deals through SBA 7(a) and 504 programs to maximize leverage and minimize cost, placing your transaction with lenders who understand your property type and market.
Line of Credit
Under 1 weekA revolving credit facility that gives your business flexible, on-demand access to working capital. Draw what you need, repay, and reuse your available credit without reapplying. Designed for businesses that need ongoing liquidity to manage cash flow cycles and capture time-sensitive opportunities.
Fast Capital
24-48 hoursRevenue-based financing designed for speed. When your business needs capital in days rather than weeks, this program underwrites primarily on recent cash flow, not credit history. Ideal for businesses that need to move quickly.
Frequently asked questions
Ready to explore your options?
One application. Multiple lender matches. No impact to your credit score.
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