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Business Term Loan

Get a business term loan from $5K – $500K.

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Lump Sum

from $5K – $400K

24-Month

maximum repayment term

Predictable

daily or weekly payments

What is a business term loan?

A business term loan gives you a one-time lump sum of capital that is repaid over a fixed period. With structured repayment schedules and typically fixed interest rates, term loans offer predictability and clarity, making it easier to plan and invest in your business with confidence.

Ream Advance offers business term loans designed to meet a range of funding needs, with loan amounts and repayment terms tailored to your business profile. Our streamlined online application makes it easy to apply and get a decision, while clear pricing ensures you understand the cost upfront and get the support you need every step of the way.

Why Get A Ream Advance Line of Credit?

No hard credit pulls

Check your eligibility without affecting your credit score.

Easy Access

Use your line of credit for your business needs. Term loans are available once approved.

Build business history

We report to business credit bureaus, which helps build business credit history with on-time payments.

What can a business term loan from OnDeck be used for?

A business term loan from Ream Advance is great for larger, one-time investments that support growth or expansion, including:
  • Buying new equipment
  • Restocking Inventory
  • Covering payroll or hiring new employees
  • Launching a new marketing campaign
  • Buying property for a new location
  • Renovating

How do business term loans work?

A business term loan is a simple and straightforward way to secure funding for your business. The process typically involves completing an online application and providing basic financial information. If approved, you receive a lump sum of capital that is repaid over an agreed-upon timeframe. This repayment period—known as the loan term—can range from several months to multiple years, depending on the structure of the loan.
Before accepting an offer, it is important to review the repayment schedule, interest rate, and overall cost of the loan. Choosing a lender that offers flexible repayment options can help ensure the financing aligns with your cash flow. Ream Advance provides repayment structures designed to fit different business needs, and consistent, on-time payments may help strengthen your business credit profile.

Get funding on your timeline

1

Apply online

Complete the short application – it just takes a few minutes.

2

Review and select

A loan advisor helps you pick the best option for your business goals.

3

Receive your capital

Sign your agreement digitally and move forward with funding.

Are you eligible? Our minimum requirements

  • 12 months in business
  • Active business checking account
  • $100K annual revenue
  • 625 personal FICO® score

Experts in small business lending

You don’t have to be a financing expert — our US based loan advisors walk you through every step.

FAQs: Business Term Loan

Why do businesses get term loans?
Businesses use term loans to fund larger, planned expenses that support growth or stability. These loans provide upfront capital with predictable repayment, making them a practical option for investments that benefit the business over time.
Term loans are commonly used for one-time or long-term business needs such as purchasing equipment, expanding or renovating a location, investing in marketing initiatives, hiring staff, or restocking inventory.
Interest rates vary based on factors like your business’s financial profile, credit history, loan amount, and repayment term. Ream Advance provides clear pricing upfront so you understand the cost before accepting an offer.
While both provide access to funding, they are structured differently. A term loan delivers a lump sum repaid over a fixed period, while working capital solutions are often designed for shorter-term or revolving cash flow needs.
Loan terms can range from several months to multiple years, depending on the loan structure and your business’s needs. The repayment period is agreed upon before funding and remains consistent throughout the term.
In addition to term loans, businesses may qualify for options such as lines of credit, equipment financing, or other working capital solutions, depending on their goals and financial profile.
Yes. Early repayment is generally allowed, and details regarding payoff terms are provided upfront in your loan agreement.
Most business term loans come with fixed payment schedules, making it easier to plan and manage cash flow. Your specific repayment structure will be clearly outlined before you move forward.

Business owners like you love Ream Advance

See how Ream Advance has helped many businesses succeed — on their own terms.

“Cash flow in the restaurant industry can fluctuate, especially during slower seasons. Ream Advance gave us a financing solution that helped stabilize operations without adding unnecessary stress. The terms were clearly explained, and we felt supported throughout the process.”

Angela M.

Restaurant Owner

“Transparency was important to us when choosing a financing partner. Ream Advance outlined the costs and repayment schedule clearly, which made it easier to evaluate our options. We appreciated the professionalism and straightforward communication.”

Nicole R.

Medical Practice Administrator

“As we expanded into new contracts, we needed additional working capital to hire staff and purchase supplies. Ream Advance helped us structure funding in a way that aligned with our growth plans. It allowed us to take on larger opportunities with confidence.”

Brian C.

Commercial Cleaning Company Owner

Small Business Loan

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  • Same-Day Funding is only available in certain states for term loans up to $250,000. Eligibility window is Monday–Friday before 10:30 a.m. ET. If checkout is completed before 10:30 a.m. ET, funds may be available by 5:00 p.m. local time the same business day. If checkout is completed after 10:30 a.m. ET, or on a weekend or bank holiday, the loan will not qualify for Same-Day Funding and funds will typically be deposited within 2–3 business days.
  • Instant Funding requires registration and is subject to the Instant Funding Terms & Conditions. Instant Funding is limited to open lines of credit for draw amounts between $1,000 and $10,000, with a limit of one draw request per day. Not all banks or debit card providers participate. To qualify, you must register a business debit card that matches the information associated with your Ream Advance account. Transfers are typically completed within 30 minutes but may be subject to additional restrictions or delays.
  • Certain industries are not eligible for financing (see list of restricted industries). In addition, Ream Advance does not lend to businesses located in North Dakota. Additional underwriting requirements may apply.
  • If you pay off a Ream Advance term loan early, you may still be required to pay a portion of the unpaid interest expense, as outlined in your loan agreement. The specific percentage will be disclosed in your agreement.
  • Eligibility for the lowest rates is very limited and available only to businesses with the strongest credit profiles and cash flow performance. This typically includes businesses that demonstrate excellent payment history on prior financing products with Ream Advance.
  • The average APR for term loans is 56.4%, and the average APR for lines of credit is 56.6%. Averages are based on loans originated in the six-month period ending June 30, 2025.
  • Depending on your state and other application factors, you may be required to make a minimum initial draw of $1,000 at origination.
  • Only customers who have previously renewed a term loan are eligible for a 0% origination fee. Customers renewing a term loan for the first time may receive a discounted origination fee. No origination fee discount applies to renewal loans with a 24-month term.
  • All loans are subject to lender approval. Depending on your state, business profile, and loan characteristics, financing may be provided by Ream Advance or one of its lending partners. The lender will be clearly identified in your loan agreement prior to signing.
  • Only select customers with strong credit profiles and sufficient verified monthly revenue who meet specific underwriting criteria are eligible for loan amounts up to $400,000.

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