Get a lump sum with predictable repayment. The Broker Shop shops 50+ lenders to find the best rate for your business — in minutes, not weeks.
A straightforward way to borrow a lump sum and repay it over a set schedule.
A small business term loan gives you a fixed amount of capital upfront that you repay in regular installments — weekly or monthly — over a defined period, typically 6 months to 5 years. Interest is charged on the outstanding balance, and your payment schedule is set from day one, making budgeting predictable and easy.
Business term loans are ideal for planned investments: purchasing equipment, expanding a location, hiring staff, buying inventory, or covering a one-time large expense. Unlike a merchant cash advance, where repayment flexes with daily sales, a term loan has a fixed schedule — which can be an advantage for businesses with predictable cash flow.
From application to funded in as little as 24–72 hours.
Tell us your monthly revenue, time in business, and how much you need. No hard credit pull to pre-qualify.
We submit to 50+ lenders and bring back the best term loan offers — by rate, term length, and monthly payment.
Pick the offer that fits your budget. Sign digitally and receive funds in your account within 1–3 business days.
Understand which product fits your situation.
| Factor | Business Term Loan | Merchant Cash Advance |
|---|---|---|
| Repayment | Fixed weekly/monthly payments | % of daily sales (flexible) |
| Speed | 1–3 business days | Same day – 24 hours |
| Credit Requirements | 550+ (varies by lender) | 500+ (revenue-focused) |
| Best For | Planned purchases, expansion | Immediate cash needs, any credit |
| Collateral | Usually none required | None required |
| Cost | Lower rates for stronger credit | Higher factor rates, faster access |
What most of our lenders look for.
No credit check. No commitment. We show you every offer you qualify for — you pick the best fit.
Pre-Qualify Now — It's Free →Your questions answered.
We offer every funding type — we'll match you to the right one.