Small Business Term Loan
A lump sum up front with fixed payments over a set term, so you always know what you owe.
At a glance
- Funding
- One lump sum
- Payments
- Fixed, predictable
- Decision
- Under 24 hours
- Best for
- Planned investments
What businesses use it for.
Expansion
Open a second location or remodel the first.
Big purchases
Vehicles, machines and technology.
Refinancing
Replace higher-cost debt with one payment.
A good fit if…
- You have a clear project with a clear cost
- You prefer the same payment every period
- You have been in business a year or more
- You want to build business credit
All you need to apply.
500+business owner’s FICO score
12+months in business
$50K+monthly revenue
4recent business bank statements
Questions, answered.
How long are the terms?
Terms depend on your business and the funding partner. Your specialist will show you every option side by side.
Can I pay it off early?
Many term loans allow early payoff. Ask your specialist to confirm the terms of your specific offer.
What do I need to apply?
A short application and your last 4 business bank statements. Anything else can come later.
Other ways to fund your business
Let’s get your business moving.
One short application. A Ruby specialist will show you every option that fits.
Apply nowQuestions? Call +1 929-592-4806