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Small Business Term Loan

Our business term loan is one of the best funding solutions for small businesses in need of long term working capital for growth.

What is a term loan?

A business term loan is a lump sum of money you borrow from a lender, then pay back at fixed intervals — with interest — over a set period of time. Depending on your lender, you’ll pay off the loan on a weekly, bi-weekly, or monthly basis. Repayment periods can last from a few months up to 10 years or more. 

Interest rates also vary by lender, but they can be either fixed or variable. Fixed rates stay the same, while variable rates change depending on the state of the market.

Business term loans are great vehicles to invest in big purchases and long-term business growth. With long repayment periods and typically lower interest rates than credit cards, term loans give you ample time to generate a return on your investment before you have to pay your loan off. 

Which business is ideal for this type of small business financing?

Term loans allow borrowers to pursue large-scale growth plans while paying for the initiative over the course of the loan. Whether you are looking to tackle the next phase of your business plan, open a new location, purchase new equipment, expand into new markets, grow your team, or launch a new product, term loans can help you reach your next phase of growth.

Longer term loans are best for planned business expansion and growth goals. Similar to buying a house or getting a college education, many business initiatives take time to gain a return on investment. The lower monthly repayment amounts of long-term loans can give your business the margin it needs to maintain positive cash flow.

Quick Application

Applying is quick and simple and remittances are automatically debited from your account at a fixed rate each month, giving you the freedom to do business as usual with the peace of mind that your remittances will not change.

Flexible Funding

Because your monthly revenue may go up and down, we give you the option to request an adjustment to your remittances to better fit your revenue of that month.

Automatic Remittances

Automatic remittances are based on a factor rate and are gradually debited as a percentage of future credit card and debit card sales. Remittances are automatically deducted from the business bank account where funds were deposited.

**Weekly payments are available.

Loan amount from $5,000 to $500,000

Term Loan Details


  • With longer, fixed-terms, large loan amounts, and competitive interest rates, our long-term loan options are ideal for pursuing growth and development.

  • Unlike a bank loan, which could take months, this product allows you to take immediate action.

  • Weekly/Monthly payments are more favorable repayment terms than daily payments, and allow you to focus on growth.


  • Keeping up with fixed payments can be difficult for businesses that experience seasonality or fluctuation

  • Better suited for long-term projects rather than quick wins and cash flow stabilization

  • Can be more difficult to qualify for

Qualifying Criteria 

Approval for a business term loan from EJN Financial isn’t based on your credit score alone. We focus on the overall health of your business. Here are some factors we consider:

  • 650+ credit score

  • 24+ months in business

  • $10,000+ average monthly bank deposits

Documentation Required

We at EJN Financial want to make the funding process as simple as possible for you. Therefore, minimal documentation is needed for your application:

  • Signed one page funding application

  • 3-5 most recent months company bank statements

  • Full credit report (not all cases)

  • Business tax return (not all cases)

How To Apply

Pre-Qualify Online

To get prequalified, follow the "Apply Now" button and submit some basic business information.

Get Approved

After your submission has been processed by the underwriting team, we will reach out to discuss the options you qualify for.

Get Funded

Upon approval and accepting the offer, funds are deposited directly into your business bank account so you can use the money immediately.

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