Term Funding, does it Fit Your Needs?
- Secure funding between $50,000 and $2.5 million to launch or expand.
- Repayment Periods From 3-5 Years.
- Monthly Payments.
- No Pre-Payment Penalty.
Term Funding
Term funding is a common and flexible financing option, used for things like working capital, equipment purchases, debt management, or adding machinery. Many lenders—both traditional banks and online platforms—offer term funding solutions.
With so many choices available, selecting the right lender can be overwhelming. Multifund Inc. provides the essential information to help you make an informed decision.
Multifund Inc. works with lenders to match businesses with the best credit options based on their unique needs. Just to clarify, Multifund Inc. is not a direct lender but a matching platform designed to connect business owners with the right financial institutions.
How Much Can You Borrow?
Typically, lenders set their minimums at $50,000. If you need more, many lenders are willing to provide funding upwards of $2.5 million.
The amount you can borrow depends on factors such as your business profile and the terms set by the lender. A business with a strong credit rating, a solid track record of borrowing, substantial annual revenue, and a clear business plan will generally be eligible for larger loan amounts compared to a newer business with lower revenue.
Who Can Qualify for Term Funding?
Lender requirements vary, but generally, you’ll need to meet the following criteria to qualify for term funding:
- Been in business for more than two years
- A credit score of 640 or higher
Established businesses often have an easier time securing short-term loans due to their proven track record and financial stability. However, don’t be discouraged if you don’t meet these requirements. Some lenders offer more flexible terms, including options for businesses with lower credit scores or startups that have been in operation for less than two years.
What Are the Repayment Terms for Term Funding?
Repayment terms for term funding vary based on the loan size and duration. Here’s a general breakdown:
- Short-term funding: Monthly payments, 1-2 years.
- Term funding: Monthly payments, 3-5 years
Your goals, our commitment- - No Exception.
*DISCLAIMER* '
Multifund Inc is not a lender. We function as an advertising and referral service, connecting qualified participants with lenders, credit repair companies, banks, and other trusted partners. Not all lenders can offer the advertised amounts, and there is no guarantee of approval from any lender. We do not control or assume responsibility for the actions of any lender. We do not have access to the full terms of your loan, including APR. For more details, questions, or concerns regarding your loan, please reach out to your lender directly. The registration information you provide on this website may be shared with one or more participating partners. You are not obligated to use our services to initiate contact with a lender, register for credit, or accept an offer from any partner if you choose not to. Cash transfer times and repayment terms vary by lender. Repayment terms may be governed by state and local laws. Some faxing may be required. Be sure to review our FAQs for additional information on topics such as credit implications and late payment consequences. These disclosures are for informational purposes only and should not be interpreted as legal advice. Use of this service is governed by the Terms of Use and Privacy Policy of this site.
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