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Term Loan

A long-term financing that has a specified repayment schedule

An installment loan gives you the cash to grow your business, whether it be to renovate office space or buy inventory. With an installment loan, you borrow a lump of cash upfront for a specific purpose and repay the loan over a set period of time with fixed, equal payments. At Motor City Funding, we specialize in long-term business loans that harness the potential of strong credit profiles. Our rates, ranging from 7.9% to 24.99%, reflect our commitment to making growth accessible. Monthly loan repayments over 1 to 5 years facilitate steady financial progress. Our rates are influenced by your industry, fund usage, credit standing, and overall business health. We streamline the process by requesting essential documentation: recent bank statements, business tax returns, personal financial statements, and a debt schedule. Our comprehensive approach extends to guiding your self-assessment, exploring past loan experiences, and defining your loan purpose. Additionally, we share insights about the funding timeline and provide pathways to future approvals, ensuring your financial journey is guided and successful. If you're looking for financing options for your business, don’t hesitate to contact us today to learn more about Term Loan.

Contact us to learn more about Term Loan

Call now to speak to a specialist today.

Long-term financing with terms that will position you for growth

1

How funding works

  • A business with strong credit is provided with a long term business loan at our lowest rates

  • Loan is paid off in monthly increments

  • Rate range: 7.9% – 24.99%

  • Loan is paid off over a period of 1-5 years

2

Rates are based on

 

  • Industry

  • The use of funds

  • Your credit

  • Overall financial health/profitability of the businesses

3

Term loan required documents

  • 6 months most recent bank statements

  • 2 most recent years of business tax returns + 1 year personal

  • Debt schedule

  • Personal financial statements – updated within last 60 days (balance sheet and P&L for any deal over $800,000)

4

Ask yourself

  • Are you currently receiving any loan financing?

  • Have you successfully paid off any past loans?

  • What do you intend to do with your loan?

5

Good to know

  • Getting funded for a term loan is a more time-consuming process, usually taking between 2-3 weeks for an approval

  • Term financing offer the most generous loan rate available

  • In the event that you do not qualify for a long term business loan we will pinpoint the reasons and provide a plan to build you up for an approval down the line

Apply Now

What our clients are saying about our solutions

Our Financial Solutions and Business Services support our clients as they stay competitive and grow to keep our nation’s economy alive.

Image by Jason Leung

Proud owner of a restaurant in California and was seeking capital to open a second location. My specialist at Motor City Funding Funding got me the exact dollar amount I needed to open, including renovation and equipment costs.

Harry R

Restaurant Owner

Accelerate the growth of your business

Small Business Loans. Merchant Cash Advances. Payroll, HR, Employee Benefits. Websites & SEO.

100+

Specialists

Over 100 funding specialists to keep you going

15

Financing Options

15 financing options and small business products

$2M

Funding Upto

Unsecured funding up to $2,000,000

48

Hours

Get funding in 48 hours

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