Business Term Loans
Los Angeles Premiere Business Loans provides term loans that give you a lump sum of cash upfront with fixed monthly payments over 1 to 10 years. Nearly 45% of small businesses choose business term loans when they need to buy equipment, expand their operations, or invest in growth because the payments stay the same every month. You get anywhere from $25,000 to $500,000 deposited into your business account, and you know exactly what you'll pay each month until it's paid off.
We offer competitive term loan rates and can help you decide between long-term loans for major investments or short-term loans for immediate cash needs. Use our term loan calculator to see your monthly payments, or talk to us about term loan vs line of credit options to find what works best for your business. When you need money for a specific business purpose and want predictable payments, we get you funded in just 1-2 weeks without the headaches big banks put you through.
What Term Loans We Provide
We offer several types of term loans depending on what you need the money for and how long you want to take to pay it back. Each loan type works differently, so we help you pick the one that makes the most sense for your situation.
Standard Business Term Loans
You get a lump sum from $25,000 to $500,000 with the same monthly payment for 1 to 10 years. We fund these loans for equipment purchases, inventory, renovations, or any business investment you need.
Your payment stays exactly the same every month, so you can budget without surprises. Most of our clients use these when they want to buy something specific and pay it off over time like a car payment.
Quick Short-Term Loans
These loans give you money fast with payback periods of 3 to 24 months when you need cash right now. You can get approved and funded in as little as one week for amounts up to $250,000.
The payments are higher because you're paying it back faster, but you're done with the debt quickly. We see businesses use these for emergency equipment repairs, seasonal inventory, or covering payroll during slow months.
Long-Term Business Loans
You can stretch payments over 5 to 10 years to keep your monthly costs lower on larger purchases like real estate or expensive equipment. These work great when you're buying something that will make money for your business over many years.
The longer payback period means you have more cash flow each month for daily operations. Most business owners prefer these for big investments that take time to pay for themselves.
SBA-Backed Term Loans
We help you get SBA loans up to $5 million with government backing that gives you better rates and longer payback terms up to 25 years. These take a bit more paperwork, but you save thousands in interest over the life of the loan.
The SBA guarantees most of the loan, so we can approve businesses that might not qualify elsewhere. You'll get some of the best rates available anywhere, especially for real estate purchases or major business acquisitions.
Why Choose Us for Your Term Loan
We make getting a business term loan faster and easier than dealing with big banks that take forever and require mountains of paperwork. You'll work directly with our local team who understands Los Angeles businesses and can make decisions quickly.
We Approve Loans in 1-2 Weeks
While banks take 1-3 months to maybe approve your loan, we give you an answer in 7-14 days and get money in your account right after. We don't send your application to some committee in another state - our local team makes the decision. You submit your paperwork, we review it quickly, and you get funded so you don't miss business opportunities while waiting around.
No Collateral Required on Many Loans
Many of our term loans are unsecured, meaning you don't have to put up your house, equipment, or other assets as collateral. This means you can get the money you need without risking your personal property if something goes wrong. We look at your business income and cash flow to make the decision, not what stuff you own that we can take.
We Work with Various Credit Situations
We evaluate your entire business picture including revenue, cash flow, and business performance when making loan decisions. We care more about whether your business makes money and can afford the payments than focusing solely on personal credit history. If your business is profitable and you can show steady income, we work to find a loan solution that fits your situation.
How Our Term Loan Process Works
Getting a term loan from us involves four simple steps that most businesses complete in under two weeks.
Tell Us What You Need
We start with a phone call where you explain what you need money for and how much you want to borrow. We'll ask about your business, how long you've been operating, and what your monthly revenue looks like.
Send Us Your Business Documents
You'll need to gather your business tax returns from the last 2-3 years, recent bank statements, and current financial statements. We send you a simple checklist of exactly what documents to provide so you don't waste time collecting stuff we don't need.
We Review and Approve Your Application
Our underwriters look at your business cash flow, revenue trends, and ability to make the monthly payments comfortably. We focus on your business performance, not just personal credit scores or how much collateral you can pledge.
Get Your Money Fast
Once approved, we schedule a closing appointment to sign loan documents and arrange your funding within 1-2 business days. The money gets deposited directly into your business checking account, and you can start using it immediately for whatever you need.
Frequently Asked Questions
How is a term loan different from a line of credit?
A term loan gives you all the money upfront with fixed monthly payments until it's paid off, while a line of credit lets you borrow money as needed and only pay interest on what you use. Term loans work better when you know exactly how much you need for a specific purchase, and lines of credit are better for managing cash flow or unexpected expenses.
What will my monthly payment be on a $100,000 term loan?
Your payment depends on the interest rate and how long you take to pay it back - a 5-year loan at 8% would cost about $2,028 per month. Use our online calculator to see payments for different loan amounts and terms, or call us for a quick quote based on your specific situation.
Do I need to put up collateral to get a term loan?
Many of our term loans are unsecured, so you don't risk your personal or business assets for these loan types. For some loans, we might ask for a lien on business equipment or other assets, but qualification depends on your specific business situation and loan needs.
How fast can I get the money after I apply?
Most term loans fund within 1-2 weeks from application to money in your account, assuming you provide all required documents quickly. Simple loans under $100,000 can sometimes fund in as little as one week if everything goes smoothly.
What credit score do I need to qualify for a business term loan?
We evaluate your complete business financial picture, not just personal credit scores, when making loan decisions. We look at your business revenue, cash flow, and overall financial performance as the primary factors for approval. Don't let concerns about credit stop you from applying - each application is reviewed individually based on your business's unique situation.