financing for major business investments
repayment plan
- One-time lump sum upfront
- Fixed monthly payments
- Lower interest rates
- Ideal for large, one-time investments
- Predictable repayment schedule
- Longer terms (1-10 years)
- Revolving credit - draw as needed
- Flexible payment amounts
- Higher interest rates
- Ideal for recurring or variable needs
- Pay interest only on what you use
- Shorter terms (6-24 months)
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- 24 months (2 years) in business minimum
- For-profit organization
- U.S.-based business
- Good standing with no active litigation
- $50,000 minimum annual revenue
- Consistent cash flow to service debt
- 640+ personal credit score
- 3+ years since bankruptcy
- Last 2 years business tax returns
- Last 2 years personal tax returns
- Year-to-date financials (P&L and balance sheet)
- Business bank statements
- Personal financial statement
- Business debt schedule
- May be secured or unsecured depending on amount and credit profile
- Larger loans typically require business assets as collateral
- Personal guarantees often required
- Access to multiple lenders with one application
- Compare offers side-by-side to find the best deal
- Expert guidance from application to funding
- No hidden fees or obligations
- No hidden fees or lender obligations
- Faster decisions with higher approval rates
A term loan gives you a lump sum upfront with fixed payments. A line of credit gives you access to funds you can borrow and repay repeatedly. Term loans are for one-time major investments. Lines of credit are for ongoing cash flow needs.
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Any legitimate business purpose: equipment, expansion, inventory, hiring, marketing, debt consolidation, or other business investments. Cannot be used for personal expenses.
Most term loans have fixed rates, meaning your payment stays the same throughout the loan term. Some lenders offer variable rates that can change over time.
Check our SBA loan options. SBA loans go up to $5M with longer terms and lower rates for qualified businesses.
Typically 2-3 weeks from application to funding. Faster if your financials are organized and complete.
Depends on the lender. Some charge prepayment penalties, others don't. We'll disclose this before you accept any offer.
Late fees apply and your credit will be impacted. Multiple missed payments can trigger default. Contact your lender immediately if you're having trouble making payments.
What business owners are saying
Real feedback from real founders
They turned complex financial challenges into smooth solutions — and made the process enjoyable.
The team at ChatBiz Finance are knowledgeable and seasoned professionals, further strengthened by an entrepreneurial spirit. I highly recommend them.
ChatBiz made it easy from day one. They advised me on my bookkeeping and helped me get approved when I really needed clarity and support. They’re true experts who got me the best structure for my financial goals.
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