A predictable lump sum, on a predictable schedule.

What is a business term loan?

A business term loan is a one-time lump sum of capital — commonly $25,000 to $2,000,000 — advanced to a business and repaid in fixed installments over a set period, typically 6 to 60 months. The amount, the rate, and the final payment date are all fixed at closing, so the monthly payment is known in advance and does not move with revenue. It is the most conventional form of small-business debt and, outside a bank or SBA facility, usually the lowest-cost structure a healthy operating business will qualify for. Secure Capital Solutions is a broker, not a lender: we package the file and place it with an independent Lender Partner that originates, underwrites, and funds the loan.

How it works

You receive a one-time advance — typically $25,000 to $2,000,000 — and repay it on a fixed monthly schedule of 6 to 60 months. Rate, term, and total cost are determined by the lender after they underwrite your file. Once you accept terms, funds usually wire within one to two business days.

When a term loan is the right fit

The clearest fit is a one-time, identifiable outlay where the return on the capital is visible. A few examples:

• Equipment. Buying a new oven, vehicle, machine, or fit-out where the equipment will pay for itself over its useful life.
• Build-out or renovation. A defined project with a fixed budget — build a new location, refresh an existing one, expand capacity.
• Inventory at scale. A bulk purchase that gives you margin or a discount you wouldn’t otherwise get.
• Acquisition. Buying a competitor, a book of business, or a piece of real estate the business operates from.
• Refinancing more expensive debt. Consolidating shorter, higher-cost capital into something with a longer runway and lower monthly burden.

What it’s not great for

Term loans are deliberately rigid — that’s the feature, not a bug. If your need is irregular, ongoing, or hard to size up front (a slow season, a customer paying late, a working-capital gap that comes and goes), a line of credit usually fits better. If you need cash now and the capital is going to be repaid out of next month’s revenue, revenue-based financing may be more efficient than a 12-month term.

What the lender will look at

Term loans typically go through full underwriting — bank statements, time in business, owner credit, recent revenue trend, and existing debt service. Stronger files get longer terms and lower rates; thinner files may still get an offer but at a shorter term and higher monthly burden. We size up the file before we present it, so the offers you see are realistic.

What it costs in practice

Term loans are priced as an interest rate against a declining balance, so total cost depends on both the rate and how long you carry it. Here is a mid-range file with the arithmetic spelled out.

What you’ll need to apply

Nothing on this list is unusual and none of it costs you anything to pull together. A complete file moves faster and generally prices better than a partial one.

• Three to six months of business bank statements. Every operating account, as PDFs downloaded from the bank rather than screenshots.
• Basic entity details. Legal name, EIN, entity type, state of formation, and time in business.
• Photo ID for each owner holding 20% or more. Driver’s license, state ID, or passport.
• The amount and the use of funds. “$180,000 for a second kitchen build-out” underwrites better than “whatever we can get.”
• A schedule of existing business debt. Balance, monthly payment, and remaining term on anything currently being serviced.
• Most recent business tax return. Usually requested on longer terms or on requests above roughly $250,000.

Common questions