Term Loan

Simple documents and quick reviews help you quickly finance your business.

Change a high-interest, short-term loan to a low-interest, long-term loan with an SBA loan.

You only have to repay the principal when repaying the loan early.

Compass 7BC supports stable monthly repayment loans with fast loan approval for business owners.

Automated and on your side

Our mission is to equip every entrepreneur with reliable access to the smart capital they need to grow. We’ve taken the long, complicated process of applying for funding and streamlined it for the way you do business today. One single application is powered by intuitive technology and an exceptional team dedicated to finding you the right financing offers, without wasting your valuable time. We’re proud to be the leading financing platform connecting small businesses with SBA, bank term loans, and flexible financing options.

Frequently asked questions

We'll go over the costs, qualifications, use of proceeds, and more to help you determine if this type of loan is the best option to fund your small business.

In general, SBA loans provide lower rates and longer terms, and bank term loans are a great option if you’re looking for fixed rates and faster access to funds through a faster application process.

Most businesses in good financial standing that have been in operation for more than two years are good candidates for bank term loans.

Even if you don’t yet qualify for an SBA or bank term loan, our intuitive application will surface the best available custom financing solutions for your specific needs and situation.

A Bank Term loan from a bank in the Compass 7BC Loans network can be used in a variety of ways to build your business and save money. The financial professionals at Compass 7BC Loans are available to answer any questions you may have regarding acceptable uses of loan proceeds.