Our Services
Business Loans &
Lines of Credit
Solutions Tailored forImpact
A business loan, also known as a term loan, is designed to be repaid over a specified period, or term. Similar to a mortgage, the borrower receives a lump sum upfront and repays both the principal and interest in regular installments, typically monthly—though some lenders may offer more frequent payment schedules. Most business loans are amortized, meaning the payments remain consistent throughout the life of the loan, especially when paired with a fixed interest rate. However, some loans may feature interest-only payments or balloon payments. Business loans typically carry a fixed interest rate for the entire term, though variable-rate options are also available. These loans are often secured by the borrower’s business assets, such as real estate, equipment, or inventory.
A business line of credit functions like a cash advance on a credit card, offering a revolving loan. This means you can access funds up to your credit limit whenever needed and as often as you like. You repay the borrowed amount under flexible terms and can borrow again as soon as you’ve repaid previous balances. Interest rates for lines of credit are typically variable, meaning they can fluctuate over time. Most lines of credit are unsecured, requiring no collateral, though securing a credit line with assets can result in lower interest rates. Unlike a term loan, there’s no fixed repayment schedule—you just need to make minimum monthly payments. Plus, you only pay interest on the amount you actually borrow, so if you never use your credit line, you won’t incur any interest charges.
A business loan, also known as a term loan, is designed to be repaid over a specified period, or term. Similar to a mortgage, the borrower receives a lump sum upfront and repays both the principal and interest in regular installments, typically monthly—though some lenders may offer more frequent payment schedules. Most business loans are amortized, meaning the payments remain consistent throughout the life of the loan, especially when paired with a fixed interest rate. However, some loans may feature interest-only payments or balloon payments. Business loans typically carry a fixed interest rate for the entire term, though variable-rate options are also available. These loans are often secured by the borrower’s business assets, such as real estate, equipment, or inventory.
A business line of credit functions like a cash advance on a credit card, offering a revolving loan. This means you can access funds up to your credit limit whenever needed and as often as you like. You repay the borrowed amount under flexible terms and can borrow again as soon as you’ve repaid previous balances. Interest rates for lines of credit are typically variable, meaning they can fluctuate over time. Most lines of credit are unsecured, requiring no collateral, though securing a credit line with assets can result in lower interest rates. Unlike a term loan, there’s no fixed repayment schedule—you just need to make minimum monthly payments. Plus, you only pay interest on the amount you actually borrow, so if you never use your credit line, you won’t incur any interest charges.
Don't Just TakeOur Word For It
“Brian Turner helped me realize that the person I was working with was misleading me during my search for business funding. Thankfully, he was there to save me before it was too late.”
Owner
“John Bradley was able to get me working capital in a pinch. John made sure we did not go overboard and take on more then what the business could handle. He even set out a gameplan to get me the SBA 7(A). I trusted John and he made sure that I ended up receiving the full $2,500,000 we requested.”
Owner
“I started working with RJ after I previously defaulted on a small merchant cash advance during Covid. Every other company was offering very expensive deals for small amounts. RJ was able to get me approved for $250,000 on significantly better terms. Since then I was able to add 7 more trucks to the fleet.”
Owner