Term loans give you a lump sum with a fixed rate and a fixed monthly payment. They're the right tool when you're funding something with a clear return — an acquisition, a second location, a major hire — and want the cost of capital locked in.
Best for
- Established businesses with 2+ years of history and solid financials
- Expansion, acquisitions, buildouts, or refinancing expensive short-term debt
- Owners who value a low, predictable monthly payment
What you'll need
- 2+ years in business
- $250,000+ annual revenue
- Owner credit typically 650+
- Business tax returns and recent financial statements
How it works
- Share your goal, timeline, and financials with a Norman Capital advisor
- We package and shop your file to bank and non-bank term lenders
- Compare offers, close, and fund — usually inside two weeks
Common questions
Is collateral required?
Not always. Many term loans under $500K are unsecured; larger amounts may use business assets or a personal guarantee.
Can I pay it off early?
Most of our lending partners allow prepayment. We'll flag any prepayment penalties before you sign.
What rates should I expect?
Rates depend on time in business, revenue, and credit. Strong files see bank-competitive pricing; we'll show you the full range you qualify for.