Funding

Business Term Loans

Fast and simple from start to funding.

Business Term Loan Request

Business Financing Request

Please complete the fields below and a representative will reach out promptly to review your financing request. This is not an application for credit from Twelve31, Inc. Submitting this form will not affect your credit score. Twelve31 will use the information below for the purpose of prequalifying you for potential financing.

Business Entity Address
Business Entity Address
City
State/Province
Zip/Postal
Country
Please be as detailed as possible. For example, if purchasing a business please list your experience, available down payment, and what assets (i.e. real estate, equipment, etc.) are included in the purchase.

Acknowledgement

When you select “I agree” and click the “Submit” button below, you represent and warrant to Twelve31 and its successors and assigns (“Twelve31”) that you agree to the terms of the ESIGN Consent and Twelve31 Terms, Conditions and Privacy Policy and that you are authorized to enter into such agreements and to submit this loan inquiry. You acknowledge that Twelve31 may conduct a soft credit inquiry to the credit bureaus for the purpose of determining your eligibility for potential financing, which will not affect your credit score. If you pre-qualify for credit and you decide to move forward with the loan approval process, you will then authorize Twelve31 or the applicable third-party lender to submit a hard pull credit inquiry. You also understand and agree that completing this loan inquiry does not commit Twelve31 or any other lender to provide the requested financing but is a step in Twelve31’s referral process. You understand that your loan inquiry may be denied if the proposed lenders decline the opportunity to finance the requested loan. By submitting “I agree” you also authorize Twelve31 to add you to Twevle31’s marketing lists, including email marketing lists, for purposes of receiving future communications and announcements. You understand that Twelve31 is a broker and may be acting as an intermediary to facilitate the requested loan and you agree Twelve31 may refer and share your loan inquiry, data, and documents with such third-party lenders. You authorize Twelve31 and any third-party lenders to whom we may refer your loan inquiry to contact you at the telephone number and email address you provide to us. Twelve31 is not affiliated with and is not endorsing any third-party lender to whom we may refer your loan inquiry. You acknowledge and agree that you must do your own independent due diligence to determine if the proposed loan from the third-party lender is appropriate for you.

I agree with the above acknowledgement
FAQ

Business Term Loan FAQs

A term loan provides a borrower with a lump sum of money upfront that is then repaid at regular intervals over a set amount of time, also referred to as the loan term. Interest rates on term loans can be fixed or floating and can start as low as 6%.

One of the best things about a term loan is that it can be used for a variety of funding needs. Here are some examples of term loans:

Payroll gaps

You can use a small business term loan to cover a payroll gap you’ve got to cover. You might have one because your business is seasonal. Or you might have one because you had a rush of business and had to bring on new employees to help cover it all. Either way, you can use a term loan to pay.

Adding another business location

If you’ve got one brick-and-mortar business location that’s thriving, the opportunity to open another might be too good to pass up. You could use a term loan to help you cover the startup costs of your new location. Renovations, rent, and materials for running your business all cost money a term loan could help provide. 

Marketing

Word-of-mouth advertising is great, but it only gets your business so far. You likely need to market your business at times and term loan funding can help you do that.

Acquiring another business

Another way term loans could help your business is if you’ve got the chance to acquire another business. If there’s one that comes on the market and would be the perfect addition to your existing business, don’t miss out. You can use a term loan to help acquire it.

The interest rates for term loans tend to be lower than those for short-term loans or other kinds of quick financing. You should also be able to calculate monthly payments for your loan as well because the interest is a flare or fixed interest rate. You could see interest rates as low as 6% with a term loan. Don’t forget to add in any origination fees or application fees, and be aware of any early repayment fees that could come with the loan.

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