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Unsecured

Credit Unions

Term Loans

Eligibility

Annual Revenue:

  • Have not declared bankruptcy in the past 7 years

Time in Business:

  • No fixed amount. Time in business will factor into the total eligible funding amount

Other:

  • Term loans are generally offered on a medium to long-term basis
  • They are available for a fixed time period and are repayable either in accordance with a prescribed schedule or when a prescribed default event takes place.

Typical Range

Up to $100,000

Features

Payment Schedule:

  • Flexible repayment options: weekly, biweekly, semi-monthly, or monthly repayments
  • Repayment of loan without penalties

Timeliness to Fund:

  • Fund available once application is approved (usually 48-72 hours)

Origination & Interaction Model:

  • Apply online in 5-10 minutes. Phone support available if required