Business Term Loans

Long-term funding for brighter days ahead.

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Borrow more, pay less.

Running a business can be expensive. (We get it.) We’ll help you buy what you need to support your business needs at a lower rate than most financial institutions.

Benefits

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Borrow More

With a Term Loan, you can borrow much more than you could with a shorter-term business loan.

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Lower Interest Rates

Pay less interest on your loan. You might even qualify for a fixed-rate on your long-term loan which reduces your payments even more!

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Time to Refinance

Let’s shorten your term and save you some cash.

Get Funded Fast!

What to Expect

We’ll schedule an appointment with you to understand your business goals.

You'll need the following:

  • Business Application (Signed by any owner with at least 20% interest)
  • Personal Financial Statement (Completed by an owner with at least 20% interest)
  • Schedule of Business Debt

Need a little more information?

See if this is what you’re looking for.

There are three main classification found in Term Loans: short-term term loan, intermediate term loan, and long-term term loan.

  • A Short-Term Loan is typically used to meet immediate funding needs that can be repaid immediately.
  • Intermediate-Term Loans are usually offered for a period of up to 84 months (7 years).
  • Long-Term Loans are typically repaid over three to 10 years, and in some cases as long as 25 years.

Here are some possibilities:

  • Purchase equipment or inventory.
  • Finance working capital.
  • Staffing needs.
  • Purchasing of real estate.
  • Refinancing business debts.
  • Funding business expansions.
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Apply for a Business Term Loan today.

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Contact Us

Email the Business Solutions team at  businesssolutions@penair.org

Or call us at 850.505.3200 Ext. 7380

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