Structured Financing for Your Business Plans
When you have a specific expense, investment, or business objective in mind, a term loan can provide a defined amount of capital with an established repayment structure.
Rocket Advance offers term loan financing for eligible businesses looking to fund planned expenses, invest in their operations, or pursue growth opportunities.
Funding Solutions
Capital for Planned Business Needs
Some business goals require more than day-to-day cash flow can comfortably support. A term loan can provide a defined amount of financing that can be allocated toward a specific business need.
Whether you’re purchasing equipment, expanding your operations, making improvements, or covering another significant qualified expense, structured financing can give you a clear approach to funding the project.
What Can a Term Loan Help With?
Business Expansion
Access capital for eligible expansion plans, additional locations, increased capacity, or other growth initiatives.
Equipment & Technology
Finance qualified equipment, machinery, technology, and other assets your business needs.
Major Expenses
Help cover significant planned business expenses that require additional capital.
Working Capital
Support eligible working-capital needs and other qualified operating requirements.
Business Improvements
Invest in eligible renovations, upgrades, or improvements to your business and operations.
Growth Initiatives
Provide financing for qualified projects and investments that support your company's future plans.
Why Consider a Term Loan?
Defined Amount
Receive a specific amount of financing based on the applicable financing terms.
Established Repayment
Repay the financing according to the schedule and conditions outlined in your financing agreement.
Planned Investment
Use financing for eligible expenses, purchases, and investments that support your business objectives.
Dedicated Capital
Obtain financing for a defined business need without relying entirely on available operating cash flow.
How It Works
Simple Application Process
Submit Your Application
Provide basic information about your business, financial activity, and the purpose of the financing you’re seeking.
Business Review
We’ll review the information provided to determine whether term loan financing may be available.
Review Your Offer
If you’re presented with an offer, review the financing amount, repayment schedule, fees, and other applicable terms before deciding whether to proceed.
Receive Funding
After completing the required documentation and finalizing the financing, funds can be provided according to the terms of your agreement.
Term Loan
Is a Term Loan Right for Your Business?
A term loan may be worth exploring if your business:
- Has a specific financing requirement
- Is planning an expansion or major investment
- Needs capital for equipment or technology
- Has a significant planned business expense
- Wants a defined amount of financing
- Prefers an established repayment structure
Eligibility Criteria
Minimum Requirements
1 Year in Business
$100K Annual Revenue
Business Checking Account
625 Personal FICO® Score
FAQs
Frequently Asked Questions
What is a business term loan?
A business term loan provides a defined amount of financing that is repaid over an established period according to the terms of the financing agreement.
What can I use a term loan for?
Depending on the applicable terms, financing may be used for qualified business purposes such as expansion, equipment, working capital, improvements, and other planned expenses.
How is a term loan different from a line of credit?
A term loan generally provides a defined amount of financing with an established repayment schedule. A line of credit provides access to available capital that can be used as eligible needs arise.
How much can my business qualify for?
Available financing varies based on the business, financial profile, financing needs, and applicable terms.
Does submitting an application guarantee approval?
No. Submitting an application does not guarantee approval or require you to accept financing. Applications are subject to review and applicable eligibility requirements.
How do I apply for a term loan?
Complete the online application and provide the requested information about your business and financing needs. Your information will then be reviewed to determine whether financing may be available.
Explore a Line of Credit
Need More Flexible Access to Capital?
If your business has ongoing or changing working-capital needs, a Line of Credit may provide a more flexible financing option. It gives eligible businesses access to available capital for qualified expenses, subject to the terms of the financing agreement.
Contact Us
Ready to Fund Your Next Business Goal?
Whether you’re planning an expansion, making an important purchase, or addressing another qualified business expense, Rocket Advance can help you explore your financing options.