Learn how a term loan can help you access more funds, lower your interest rates, and improve your cash flow.
Hey there, fellow entrepreneur!
You’re probably here because you’re looking for a way to grow your business, right? Maybe you want to expand your operations, hire more staff, launch a new product, or just improve your cash flow.
But there’s one thing holding you back: money.
You know you need more capital to make your dreams come true, but you don’t know where to get it.
You’ve tried applying for loans from traditional banks, but they either rejected you or offered you unfavorable terms. You’ve also tried getting short-term loans or merchant cash advances from online lenders, but they charged you exorbitant interest rates and fees.
You’re stuck in a cycle of debt that’s eating up your profits and hurting your credit score. You’re frustrated and stressed out. But don’t worry, there’s a solution: a term loan from Spartan.
What is a Term Loan?
A term loan is a type of business financing that provides you with a lump sum of money that you repay over a fixed period of time with regular payments.
Unlike short-term loans or merchant cash advances, term loans offer longer repayment terms (usually 5 to 10 years), lower interest rates (usually 6%), and fixed or flat payments (meaning they don’t change over time).
Term loans are ideal for businesses that need large amounts of money for long-term projects or investments, such as:
Buying equipment or machinery
Renovating or expanding facilities
Acquiring another business
Refinancing existing debt
Increasing working capital
Term loans can also help you improve your credit score by showing lenders that you can handle debt responsibly and pay it back on time.
How Can Spartan Help You Get a Term Loan?
Spartan is a leading online platform that connects small businesses with the best financing options available.
We work with over 250 lending partners, including banks, credit unions, and alternative lenders, to offer you a wide range of term loans that suit your needs and goals.
Whether you need $50,000 or $5 million, we can help you find the right term loan for your business.
Here are some of the benefits of getting a term loan from Spartan:
Large loan amounts: Term loans up to $5 million provide you with the financial resources to support your growth plans and take your business to new heights.
Long repayment terms: Our SBA and conventional term loans offer 10-year and 5-year repayment terms, respectively, providing lower monthly payments.
Straightforward process: Save time with our simple, streamlined, and convenient online application process.
Fast funding: Receive the funds from our term loans in as little as 24 hours so you can focus on what matters - driving your business forward.
Consolidate debt: Improve cash flow by consolidating short-term and high-interest debt into a single, manageable loan with a competitive interest rate.
Competitive rates: Benefit from competitive interest rates and long repayment terms which improve your business’s cash flow.
The Spartan Advantage: Term Loans
Still not convinced? Let me tell you a story about one of our happy customers who used our term loan service to grow their business.
Meet John, the owner of a successful landscaping company. John started his business five years ago with his own savings and a small loan from his family.
He worked hard to build his reputation and clientele in his local area. He hired a few employees and bought some equipment to handle the demand.
However, John soon realized that he needed more capital to take his business to the next level. He wanted to expand his service area, buy more equipment, hire more staff, and advertise his brand.
He also wanted to consolidate his existing debt from multiple short-term loans and merchant cash advances that were draining his cash flow.
John applied for a term loan from his bank, but they rejected him because of his low credit score and high debt-to-income ratio.
He felt hopeless and frustrated.
Then he heard about Spartan from one of his friends who had used our service before. He decided to give it a try and filled out our online application form. He answered a few simple questions about his business and checked his eligibility.
Within minutes, he received an email from one of our business loan specialists who contacted him to discuss his options.
Our specialist analyzed John’s situation and matched him with the best term loan offer from our network of lenders. He explained the terms and conditions of the loan and guided him through the application process.
John was approved for a term loan of $250,000 with a 10-year repayment term and a 7% interest rate. He received the funds in his bank account within 24 hours.
He used the money to pay off his existing debt, buy new equipment, hire more staff, and launch a marketing campaign. He also improved his credit score by making timely payments on his term loan.
John was thrilled with the results. His business revenue increased by 50% in the first year. He expanded his service area and gained more customers. He also increased his profit margin and cash flow. He thanked Spartan for helping him achieve his goals and grow his business.
You can be like John too. All you need to do is apply for a term loan from Spartan today.
How to Apply for a Term Loan from Spartan
Ready to get started? Here’s how you can apply for a term loan from Spartan in three easy steps:
- Answer a few simple questions: Answer a few questions to let us know more about what you’re looking for and check eligibility.
- We’ll connect you with a business loan specialist: Our trusted and experienced specialists will help match you with the best option for your business. With over 100 lending partners, we’ll work together to find the right solution for you.
- Guide you through the application process: Your loan specialist will work with you throughout the process, streamlining an otherwise overwhelming experience.
That’s it. No hassle, no stress, no hidden fees.
Don’t Let Financing Hold Back your Business
You have a vision for your business. You have the passion and the drive to make it happen. You have the skills and the experience to deliver value to your customers.
But you need more money to make it happen.
Don’t let financing hold you back. Get a term loan from Spartan today and take your business to the next level.
Apply now and get the funding you need in as little as 24 hours.
