What it is:

A term loan gives you a lump sum of capital upfront that you repay in fixed installments over an agreed period of time. With loan amounts up to $5,000,000, rates starting at 6.5% APR, and terms up to 10 years, term loans are ideal for businesses making a significant investment — whether that's expanding to a new location, purchasing equipment, hiring a larger team, or funding a major project.

How it works at Select:

Our process is straightforward. Apply online in minutes, and a funding specialist will reach out with a tailored offer based on your business profile. Once approved, funds are deposited directly into your account and you begin repayment on a fixed schedule. Everything is clearly laid out upfront — your rate, your term, your monthly payment. No hidden fees, no confusion.

Who it's for:

Term loans work best for established businesses with a specific growth goal and a stable revenue history. If you know exactly what you need the money for and want the structure of predictable monthly payments, this is your product.