Equipment or vehicles
Support an eligible purchase tied to capacity, delivery, or operational continuity.
Term financing
Put a defined plan behind a defined amount.
Term financing may fit a planned business investment when you want to evaluate the full amount, repayment schedule, and costs together.
When it may fit
A clear use, a complete budget, a deliberate decision.
Term financing is commonly evaluated when the business knows what it plans to fund and can assess the obligation against expected cash flow.
Expansion or renovation
Plan around a defined buildout, location, or customer-experience investment.
Planned inventory
Prepare for an eligible purchasing cycle with a budget and sales plan in view.
Evaluate the obligation
Look past the headline amount.
The amount received is only one part of the decision. The repayment schedule must work alongside payroll, inventory, taxes, and existing obligations.
Offer review checklist
- Total amount provided to the business
- Total repayment and total financing cost
- Payment amount, frequency, and duration
- All fees and any prepayment provisions
- Events of default and available remedies
- Provider identity and servicing contact
What supports review
Tell the whole financial story.
Accurate, complete information helps a provider assess the business responsibly. Additional records may be requested.
Recent business bank statements
Used to understand deposits, balances, and operating patterns.
Revenue and operating history
Including at least 18 months in business and average monthly revenue.
Ownership information
Basic identity and ownership details for relevant parties.
Existing financing positions
All current obligations should be disclosed for a complete review.
Questions, answered
Term financing basics.
Is term financing the same for every business?
No. Product structure, approved amount, cost, payment frequency, and duration can vary by offer, provider, business profile, and jurisdiction.
Can I use term financing for any purpose?
Permitted uses depend on the offer and provider. Common business purposes may include equipment, renovations, inventory, expansion, or other eligible operating investments. Personal use and restricted activities are not permitted.
What should I review before accepting an offer?
Review the total repayment amount, financing cost, payment amount and frequency, term, any fees, prepayment provisions, default terms, and the identity of the provider. Ask questions about anything that is unclear.
Does a fixed payment mean the financing is affordable?
Not necessarily. A predictable schedule can help planning, but affordability depends on your actual cash flow, existing obligations, revenue variability, and other operating needs.
Ready when you are
Make the project—and the obligation—easy to see.
Share your business plan and review any available option on its complete terms. Starting an application does not guarantee an offer.