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Small Business Term Loan at a Glance
Lump Sum
Full loan amount deposited upfront. One payment, one purpose, one plan.
$5,000–$1,000,000
Available loan amount based on your revenue and business profile.
6–48 Months
Fixed weekly or monthly repayment schedule. No surprises.
How a Small Business Term Loan Works
A small business term loan is a lump sum of capital deposited into your business bank account upfront. You repay it on a fixed schedule — weekly or monthly — over a set term of 6 to 48 months. Unlike a revolving line of credit, the full amount is available immediately, and your payment amount stays the same throughout the term. It’s designed for the moments when you know exactly what you need, how much it costs, and that the investment will generate a return.
Here’s what that looks like in practice: it’s March. You’ve been running your business for three years and you’re ready to make a move — a second location, a piece of equipment that doubles your capacity, or a materials order for the largest contract you’ve ever landed. The investment is defined. The return is clear. What you need is a specific amount of capital, available now, with a repayment structure you can plan around. That’s what a term loan is built for.
SBG Funding’s small business term loan delivers $5,000 to $1,000,000 in a single deposit to your business bank account. Approval is based on your revenue history, deposit consistency, and time in business — not just your credit score. Once approved, funds are available in as little as 24 hours. Repayment is fixed — weekly or monthly — for the duration of your term, so you always know exactly what you owe. Looking for a shorter commitment? SBG’s term loans start at 6 months, making them a strong option for businesses that need a short-term business loan with predictable payments.
Unlike a bank term loan, SBG Funding does not require collateral, does not perform a hard credit pull during the application process, and does not require weeks of underwriting. Most applications are reviewed the same business day they’re submitted.
Why Businesses Choose SBG Funding Over a Bank
Bank term loans exist — but the timeline, collateral requirements, and credit thresholds put them out of reach for most small businesses that actually need capital.
SBG Funding
Traditional Bank
When a Small Business Term Loan Is the Right Choice
A term loan is the right tool when the need is specific, the amount is defined, and the repayment fits your plan.
You Have a Specific One-Time Investment
Equipment purchases, facility build-outs, vehicle acquisitions, large inventory orders — these are defined investments with defined costs. A term loan is built for this: a specific amount, upfront, repaid on a fixed schedule over a term that matches your return timeline. Unlike a business line of credit, you’re not paying for revolving access — you’re paying for a specific amount of capital put to a specific use.
You’re Taking On a Larger Contract or Opportunity
A significant new contract, a bulk purchasing opportunity, or a growth move that requires upfront capital before revenue arrives — these moments require a defined amount of funding on a defined timeline. A term loan delivers the full amount immediately, so you can execute without waiting for your operating account to catch up.
You’re Replacing High-Cost or Variable Debt
If your business is carrying merchant cash advance balances, high-interest credit card debt, or variable-rate financing, a fixed-term business loan can replace that debt with a predictable payment structure. Fixed weekly or monthly payments make cash flow planning straightforward — you know exactly what you owe and when for the life of the loan.
What Small Businesses Use Term Loans For
A term loan is flexible in purpose but structured in repayment. Here are the most common ways businesses put it to work.
Equipment Purchases
Machinery, vehicles, technology, and tools that expand your capacity or replace aging assets. A term loan funds the purchase upfront with repayment spread over a term that reflects the equipment’s useful life.
Facility Expansion or Build-Out
New locations, renovations, additional space — growth investments that require capital before they generate revenue. A term loan covers the full cost upfront with a fixed repayment schedule you can plan around.
Hiring and Payroll Ramp-Up
Adding staff ahead of a new contract or busy season requires payroll investment before the new revenue materializes. A term loan bridges the gap between hiring and the revenue that hiring makes possible.
Large Inventory Orders
Bulk purchasing opportunities — seasonal stock, supplier discounts, pre-season buys — often require a lump-sum payment before the goods have sold. A term loan funds the order upfront with repayment structured around your selling cycle.
Debt Consolidation
Replacing variable or high-cost debt — merchant cash advances, credit card balances, multiple small loans — with a single fixed-payment term loan simplifies cash flow and often reduces total repayment cost.
Business Acquisition or Expansion
Buying out a partner, acquiring a competitor, or funding a new market entry — high-leverage moves that require defined capital. A term loan provides the lump sum to execute without disrupting your existing operations.
All You Need to Qualify
$250K+
annual revenue
500+
min. FICO score
6+
months in business
4
bank statements
No collateral. No hard credit pull. No upfront fees.
SBG Funding evaluates more than 50 factors when making lending decisions, including revenue history, deposit consistency, and time in business. Businesses with strong cash flow may qualify for a small business term loan even with an imperfect credit score.
What Business Owners Are Saying
Real businesses. Real results.
★★★★★
“Sasha Brown is a life saver! Absolutely great communication. She reached out the next morning after filling out a loan application that I needed 2 days after application was submitted. The next day within 4-6 hours Sasha received the documents required and everything was submitted. By 5pm, the funds were transferred to my account and ready to go for the next day. Very satisfied with the service!”
Jose A. from California
via Trustpilot
★★★★★
“SBG Funding was absolutely amazing to work with. They helped my business get funded in just 2 days, which honestly exceeded my expectations. Erika, the sales rep I worked with, was professional, responsive, and made the entire process smooth and stress-free. I’m very grateful for her help and highly recommend SBG Funding to anyone looking for fast and reliable business funding.”
Julie C. from Nevada
via Google Reviews
Just 3 Steps to Get Funded
01
Apply Online
Complete our quick online application in about 5 minutes. Basic information about your business and financing needs — no lengthy paperwork to get started.
02
Get Your Options
Our team reviews your application and presents loan options matched to your business profile. We look at revenue, deposit history, and time in business — not just your credit score.
03
Receive Your Funds
Once approved and documents are signed, funds can be in your business bank account in as little as 24 hours.
Frequently Asked Questions
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Can I get a small business term loan with bad credit?
SBG Funding requires a minimum FICO score of 500. Credit score is one factor among many. Strong revenue, consistent bank deposits, and solid time in business can all support your application. Many business owners with scores between 500 and 620 have qualified based on strong cash flow and deposit history.
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How quickly can I get funded?
After approval and document submission, funds can be available in as little as 24 hours. The online application takes about 5 minutes, and most applicants receive a decision the same business day.
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Do I need collateral for a small business term loan?
No. SBG Funding’s small business term loans are unsecured. You are not required to pledge equipment, real estate, inventory, or other business assets to qualify.
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What’s the difference between a term loan and a line of credit?
A business term loan provides a lump sum upfront that you repay on a fixed schedule over a set term — best for a specific investment with a defined cost. A business line of credit gives you revolving access to capital you can draw from, repay, and draw again — best for ongoing or unpredictable cash flow needs. If you know exactly what you need and how much it costs, a term loan is typically the right fit. If your capital needs are recurring or variable, a line of credit may serve you better.
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What repayment terms are available?
SBG Funding’s term loans offer repayment terms from 6 to 48 months, with weekly or monthly payment options. Your specific term is based on your loan amount, revenue, and business profile. Shorter terms — 6 to 12 months — are available for businesses that need a short-term business loan with a defined payoff timeline.
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Is there a prepayment penalty?
Some SBG Funding loan programs offer early payoff discounts — meaning you may save on total repayment cost if you pay ahead of schedule. Ask your funding specialist about prepayment options when reviewing your loan offer.
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Will applying affect my credit score?
No. SBG Funding does not perform a hard credit inquiry at any point during the application process. Your personal credit score is not affected by applying.
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Can I use a term loan to buy equipment or a vehicle?
Yes. Equipment purchases and vehicle acquisitions are among the most common uses of SBG Funding term loans. If you’re purchasing equipment specifically, dedicated equipment financing may also be worth considering — it often supports longer repayment terms and uses the equipment itself as collateral, which can reduce your rate.
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Can I apply for a term loan if I already have an existing business loan?
Yes. Having an existing loan does not automatically disqualify you. SBG Funding evaluates your overall financial profile — including your current obligations — as part of the application review. Many clients carry multiple financing products simultaneously. Contact your funding specialist to discuss your situation.
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How is SBG Funding different from a bank?
The primary differences are speed, flexibility, and qualification criteria. Banks typically require 2–8 weeks for approval, collateral, a hard credit pull, and often a FICO score above 680. SBG Funding makes same-day decisions, requires no collateral, performs no hard credit inquiry, and accepts FICO scores of 500+. We evaluate more than 50 factors — including your revenue history and deposit patterns — rather than relying primarily on credit score.
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What documents do I need to apply?
To get started, you need your 4 most recent business bank statements. For larger loan amounts, we may also request business tax returns or additional financial documentation. No lengthy business plan or audited financials are required to begin the process.
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Can I get additional financing after paying off my term loan?
Yes. Many SBG Funding clients return for additional financing as their business grows. If your loan is in good standing, you may be eligible to apply for a new term loan or a different product — such as a business line of credit — as your needs evolve. Contact your funding specialist to discuss your options.
Ready to Make Your Next Move?
Whether you’re purchasing equipment, expanding your space, taking on a larger contract, or replacing high-cost debt, SBG Funding’s small business term loan delivers a defined amount of capital on a fixed repayment schedule — built for businesses that know exactly what they need. Apply online in minutes. No collateral, no hard credit pull, no obligation.
