LONG TERM
Term loan is a common form of long term business funding. You get a lump some of cash upfront to invest in your business and repay with interest over a predetermined time period. This is best for businesses looking to expand that have good credit and strong business revenue. Offers fast funding typically within 2 days to a week.
Pros:
- Get a lump sum amount of cash to invest in business.
- Borrow higher amounts
- Get funding in 2 – 7 days
Cons:
- May require some type of collateral
Best for:
- Businesses looking to grow
- Business owners with better credit and consistent business who can’t wait for funding
![long term-Finance long term-Finance](https://carlosriceinc.com/wp-content/uploads/elementor/thumbs/long-term-Finance-pxcaspk0ekv83ay3vf76j5f8rx0clmvtbxy5gedmzk.jpg)
Our 3 Step Process:
![](https://carlosriceinc.com/wp-content/uploads/2022/11/step-1st.jpg)
1. Apply
Fill out our Quick Apply application.
![](https://carlosriceinc.com/wp-content/uploads/2022/11/step-2nd.jpg)
2. We review your application
We review your goals and present you with programs matching your needs, getting an offer in 24 hours.
![](https://carlosriceinc.com/wp-content/uploads/2022/11/step-3rd.jpg)
3. Receive funding
Choose the program that fits you best and receive funding within 48 hours.