Business term loan
A lending partner provides a fixed sum and you repay it in regular instalments, plus interest, over an agreed term. We compare partners and show the instalment and the total cost in dollars before you decide.
How you repay
Regular instalments, usually monthly, until the balance and interest are repaid. The offer states the annual rate, the fees and the total cost of borrowing.
Figures come from the partner's offer. We show them in dollars before you decide.
Does it suit you?
It may suit you when
- A planned purchase or project with a clear payoff
- Steady income that comfortably covers the instalments
- Time to wait for approval and funding
It may not suit you when
- Needing the money within days
- A short trading history
- Income too uneven for fixed instalments
Watch for
- The total cost over the full term, not only the instalment
- Security or a personal guarantee may be required
- The terms for repaying early
See the cost in dollars
Answer a few questions. We will say whether this looks like a fit and show the cost before you decide.
Approval is never guaranteed. A funding partner makes the final decision.