Competitive Rates
Enjoy competitive rates that make your business growth affordable.
Fixed Payments
Manage your budget with ease with fixed monthly payments.
No Collateral Required
Get the funds you need without tying up your assets.
About Term Loans
Term Loans provide a lump sum of cash upfront, which is repaid over a set term, up to 24 months. Ideal for businesses looking to make larger investments, Term Loans offer the stability of fixed monthly payments and competitive interest rates. Use the funds from a Term Loan for any business-related expenses, from expansion to equipment purchases.
Frequently Asked Questions
A Term Loan is a lump sum of cash that is repaid over a set period of time with interest. It’s a traditional form of business financing.
A Term Loan is suitable for businesses that need a larger amount of capital for big investments such as expansion, equipment purchases, or refinancing existing debts.
Repayment is made through fixed monthly payments over the term of the loan. This makes budgeting easier as you know exactly how much you need to repay each month.
One of the main benefits of a Term Loan is the ability to make larger investments in your business. With competitive rates and fixed monthly payments, it’s a stable and predictable form of financing.
Term Loans can provide the funds you need for larger investments, such as expansion or equipment purchases. This can help your business grow and increase profitability.
Qualifications
To qualify for a Term Loan from Lecont Lending, your business must have been in operation for at least 1 year and have a minimum of $10,000 in monthly revenue. The repayment period typically ranges from 1 to 5 years.
Ready to Invest in your business?
Apply for a Term Loan today and get the capital you need to take your business to new heights.