Bank Term Loans for Small Businesses
A short-term, fixed-rate loan from a trusted bank lender — $50,000 to $300,000 with stable monthly payments over 2, 3 or 5 years. Fast funding, typically within two weeks.
- ✓$50K–$300K loans
- ✓2, 3 or 5 year terms
- ✓Fixed rate, monthly payments
- ✓No prepayment penalties
A Bank Loan Without the Bank Wait
Many small businesses want the stability of a real bank loan — fixed rate, predictable monthly payments, no surprises — without waiting months for an answer. A bank term loan delivers exactly that: one lump sum you can put to work immediately, repaid in fixed monthly installments with no prepayment penalties if you pay it off early.
What You Can Use Funds For
- General working capital and operating expenses
- Purchasing inventory ahead of busy seasons
- Hiring employees and expanding your team
- Refinancing existing business debt
- Marketing and growth campaigns
- Construction or remodeling of your business space
- Business acquisition or partner buyout
General Eligibility
- Minimum 3 years in business with corresponding tax returns
- Personal FICO of 680 or higher for all 20%+ owners
- Minimum $250,000 in annual revenue
- No open tax liens, outstanding judgments, or recent charge-offs
- No bankruptcies or foreclosures in the last 3 years
- U.S.-based, for-profit business owned by citizens or lawful permanent residents
What to Have Ready
To keep the two-week timeline, gather these before applying: two years of business and personal tax returns, a year-to-date profit & loss statement and balance sheet, a business debt schedule, and your six most recent business bank statements. A soft credit pull starts your application and will not affect your credit score.
Bank Term Loan vs. SBA Loan
SBA loans typically offer lower rates and longer terms but require more paperwork and take 4–6 weeks to fund. Bank term loans carry shorter repayment terms but fund in about two weeks with far less documentation. If speed and simplicity matter more than squeezing out the lowest possible rate, a bank term loan is usually the right call.
Who This Program Isn't For
Start-ups, house-flipping and real estate development, floorplan financing, and refinancing personal debt are ineligible uses. Restricted industries include gambling, cannabis, bail bonds, mining, pawn shops, used car dealers, and similar categories. If you're unsure whether your business qualifies, ask us — we'll tell you straight.
$100K
Range: $75K – $250K
Frequently asked questions
- What is a bank term loan?
- A bank term loan is a short-term, fixed-rate loan from a bank lender with stable monthly payments over a set term — typically 2, 3 or 5 years. You receive one lump sum up front and repay it in predictable monthly installments.
- How much can I borrow with a bank term loan?
- Bank term loans through Northwood Capital Group range from $50,000 to $300,000, with your choice of 2, 3 or 5 year repayment terms.
- What are the requirements for a bank term loan?
- Generally: at least 3 years in business, a personal FICO of 680 or higher, minimum $250,000 in annual revenue, no open tax liens, and no bankruptcies or foreclosures in the last 3 years. Owners of 20% or more must be U.S. citizens or lawful permanent residents.
- What can I use a bank term loan for?
- General working capital, purchasing inventory, hiring employees, refinancing business debt, marketing, construction or remodeling, and business acquisitions or partner buyouts. Ineligible uses include start-up financing, house-flipping or real estate development, refinancing personal debt, and floorplan financing.
- How fast do bank term loans fund?
- Bank term loans typically fund within about two weeks — significantly faster than an SBA loan, which usually takes 4–6 weeks. A soft credit pull starts the process and does not affect your credit score.
- Bank term loan vs. SBA loan — which is better?
- SBA loans typically offer lower rates and longer terms but require more paperwork and take 4–6 weeks to fund. Bank term loans have shorter repayment terms but deliver funds in about two weeks with far less documentation. If speed matters, a bank term loan is usually the better fit.
Bank Rates. Two-Week Funding.
Talk to a Northwood term loan specialist. Soft credit pull to start — no impact on your score.
- ✓ $25K–$5M available
- ✓ Funded in 2–5 business days
- ✓ All credit profiles considered
- ✓ No upfront fees, no prepayment penalties