Business Term Loans Built Around Your Repayment Schedule
A lump sum with a fixed rate and a set term, so you know exactly what you're paying and when, from application to funding in as little as 24 hours.
- Applying will not impact your credit score
- Funding decisions in as little as 24 hours
- A dedicated funding specialist, not a call center
The basics
What are business term loans?
A business term loan works the way most people picture business financing: a lump sum upfront, repaid in fixed installments over a set term, at a fixed rate. That predictability suits a defined, one-time need, like buying equipment, renovating a location, launching a new product line, or covering a large expense you can point to on a calendar. Because the payment amount and payoff date are locked in from day one, term loans are easier to budget around than financing tied to sales volume or a revolving balance.
Term length and loan size typically scale with what the loan is funding: a smaller loan for new equipment might carry a shorter term, while one tied to a major expansion often stretches longer. Because the structure is straightforward, term loans work well alongside other financing, and some businesses pair a term loan for a big purchase with a line of credit for day-to-day cash flow. TrustFi's application takes under 10 minutes, and applying does not impact your credit score, so you can see what you qualify for first.
Best suited for
- Buying a delivery vehicle or heavy equipment for a growing operation
- Renovating or building out a new retail, restaurant, or office location
- Funding a specific expansion, like opening a second location
- Consolidating higher-cost debt into one fixed monthly payment
- Covering a large inventory buy ahead of a known busy season
Step by step
How it works
- 1
Apply and share your numbers
Complete TrustFi's application in under 10 minutes and tell us what you're funding and how much you need. Applying does not affect your credit score, so you can explore options with no downside.
- 2
Get a same-day funding decision
A funding specialist reviews your application and reaches out within TrustFi's 2-hour response guarantee to walk through loan amount, term, and rate options that fit your business.
- 3
Review your fixed terms
You'll see the exact loan amount, term length, and payment schedule before signing anything, so there are no surprises once funding lands in your account.
- 4
Receive funds and start repaying
Once you accept, funding can arrive in as little as 24 hours. You then make the same fixed payment on the same schedule until the loan is paid off.
An honest look
The upsides, the tradeoffs, and what you'll need
Every funding product has a shape that fits some businesses better than others. Here's the straight version.
Advantages
- Fixed rate means your payment never changes
- Lump sum covers large purchases in one shot
- Predictable payoff date makes budgeting straightforward
- Funding as fast as 24 hours after approval
- No hidden fees baked into the payment
Tradeoffs
- Fixed payments continue even during a slow month
- Longer terms mean more interest paid overall
- Not ideal for ongoing or unpredictable cash-flow needs
Typical requirements
- Typically at least 6 months in business
- Typically a minimum monthly revenue threshold
- Typically a business bank account with regular deposits
- Typically recent bank statements to verify cash flow
- Typically a clear purpose for the loan proceeds
Not sure yet?
When another option might fit better
We would rather point you to the right structure than sell you the wrong one.
Who uses this
Industries that lean on business term loans
Construction Companies
Funding for contractors managing retainage delays, seasonal slowdowns, and heavy equipment costs.
Funding for construction companiesManufacturers
Loans and credit lines for manufacturers to fund machinery, raw materials, and cash flow between purchase orders.
Funding for manufacturersHVAC Contractors
Financing for HVAC contractors to cover trucks, equipment, refrigerant, and the gap between peak seasons.
Funding for HVAC contractorsAuto Repair Shops
Financing built for auto repair shops covering equipment, parts inventory, and cash flow between seasonal rushes.
Funding for auto repair shops
Client stories
We're proud to be part of their journey.
The success of our clients is our greatest reward — 350+ five-star Google reviews and counting.
TrustFi was fantastic to work with on our business capital funding needs. They were professional, efficient and provided the best customer service experience I've had in this industry. We will continue to partner with TrustFi on our funding needs going forward. Highly recommend!
MMaria O. My experience with Griffin Ferro and his team at TrustFi was fantastic. He was able to get me funding in one day. Griffin's communication was awesome. He made sure I knew what was going on every step of the way. He took the time to make sure I completely understood all the aspects of the transaction.
JJohn Highly recommend and a great experience. Gary had our best interest in mind, with professionalism, dedication and care. They really supported our business needs. Great customer service as well!
TTim F.
How much can I borrow with a business term loan?
Loan size depends on your business's revenue, time in business, and what you're funding. TrustFi has secured over $500 million in funding for more than 10,000 businesses, with term loan amounts sized to match anything from a single equipment purchase to a full location buildout. Apply in under 10 minutes to see the amount your business qualifies for.
How fast can I get funded?
Many TrustFi clients receive funding in as little as 24 hours after approval. You'll also hear from a funding specialist within our 2-hour response guarantee once you apply, so you're not left waiting to find out where things stand or what happens next.
Will applying hurt my credit score?
No. Applying for a business term loan through TrustFi does not impact your credit score. You can review your loan amount, term, and payment schedule before deciding whether to move forward, with no obligation and no hidden fees along the way.
What can a term loan actually be used for?
Most businesses use a term loan for a specific, one-time expense: buying equipment or a vehicle, renovating or building out a location, launching a new product line, or consolidating existing debt into one fixed payment. It's less suited to ongoing or unpredictable expenses, which a line of credit handles better.
Is a term loan better than a merchant cash advance?
It depends on how your revenue arrives. A term loan gives you a fixed payment regardless of sales, which suits a business with steady revenue and a defined purchase in mind. A merchant cash advance repays through a percentage of daily card sales, which can flex with slower periods but often costs more overall.
What do I need to qualify?
Requirements vary, but TrustFi typically looks at time in business, monthly revenue, and recent bank statements showing consistent deposits. There's no single cutoff. The application takes under 10 minutes, and a funding specialist can tell you what you qualify for without affecting your credit score.
Ready to explore business term loans?
Apply in under 10 minutes and a specialist will walk you through your real options — no obligation, no credit impact.
- Applying will not impact your credit score
- Funding decisions in as little as 24 hours
- A dedicated funding specialist, not a call center
- Transparent terms with no hidden fees