Term Loans – SIERRA Business Funding

Term loans made fast & easy.

$10k to $500k

loan amounts – easier than ever before.

Automatic

daily or weekly payments, hassle-free process.

60 months

repayment terms, flexible as you need them.

Lowest rates

in the industry. Only worry about growing.

What is a term loan and how does it work?

If you’re looking for financing for a specific business investment, like starting a new project or making a large purchase, a short term loan can be a great option. As an installment loan, a short term loan provides a lump sum of cash that you can use for your business as needed. With Sierra Business Funding, you can get your funds as early as the day your loan is approved, and repay the loan on a schedule that works for your specific project timeline.

Short term loans are typically repaid in a year or less, although some lenders like Sierra Business Funding may offer longer repayment terms up to 24 months.

Term Loans

At your pace, on your terms, the financing you want.

Same-day funding

Get more with a line of credit

Pre-payment benefits

Finance your equipment today

Build business credit

Always on time with term loans

Predictable, fixed payments

Explore all of our products

Are we a match?

in business, at least.

0 year

personal FICO score.

0 +

in gross annual revenue.

$ 0 K+

US-based

bank account.

If you are full of why’s and what’s…

Check our consolidated list of frequently asked questions to help you navigate our lines of credit.

You’ll need excellent credit to get equipment financing. Applying through your local bank or an online financing company like Sierra Business Funding can help you discover what kinds of business equipment loans you can qualify for.

It depends on how much money you need and your qualifications. Businesses with good credit that have a good history are more likely to get equipment loans. It’s important to find out what lenders are looking for before you apply for a loan.

Some equipment loans have interest rates almost as high as 10%. Businesses with poor credit are more likely to get higher interest rate loans than those with good credit. Some interest rates are as low as 2.8% and businesses with great credit and a good business history are more likely to get that rate.

You can finance equipment from two to seven years. The lender will determine if the used equipment you want to purchase is eligible for a longer or shorter term loan.