Call Us Anytime
(727) 513-6983
X

About Us

The argument in favor of using filler text goes something like this: If you use real content in the Consulting Process, anytime you reach a review

Contact Info

  • 601 21st St, Vero Beach, FL 32960
  • (727) 513-6983
  • hello@ejnfinancial.com
  • Sunday: Closed

Term Lending

Our business term loan is one of the best funding solutions for small businesses in need of

Long Term Working Capital for Growth

What is a term loan?

A business term loan is a lump sum of money you borrow from a lender, then pay back at fixed intervals — with interest — over a set period of time. Depending on your lender, you’ll pay off the loan on a weekly, bi-weekly, or monthly basis. Repayment periods can last from a few months up to 10 years or more.

Interest rates also vary by lender, but they can be either fixed or variable. Fixed rates stay the same, while variable rates change depending on the state of the market.

Business term loans are great vehicles to invest in big purchases and long-term business growth. With long repayment periods and typically lower interest rates than credit cards, term loans give you ample time to generate a return on your investment before you have to pay your loan off.

 
Apply Now
What is a business term loan at EJN Financial?
A business term loan from EJN Financial provides a lump sum of capital that your business repays over a fixed period with regular payments. These loans are ideal for significant investments like expansion, equipment purchases, or real estate acquisitions. They offer predictable repayment schedules and potentially lower interest rates compared to other financing options.
EJN Financial offers term loans ranging from $10,000 to $25,000, with repayment periods spanning from 6 months to 10 years. This flexibility allows businesses to choose terms that align with their financial goals and cash flow needs.
Unlike traditional banks that heavily weigh credit scores, EJN Financial focuses on the overall health of your business. Their streamlined application process often results in approvals within 24 to 48 hours, enabling faster access to funds.

EJN Financial’s term loans offer several benefits:

  • Predictable Payments: Fixed repayment schedules help in budgeting and financial planning.

  • Flexible Terms: Options for weekly or monthly payments accommodate various business cash flows.

  • Quick Funding: Funds can be deposited directly into your business account upon approval, often within 1 to 3 days.

While term loans offer many advantages, there are considerations to keep in mind:

  • Fixed Payments: Businesses with seasonal or fluctuating revenues might find fixed payments challenging during slower periods.

  • Qualification Criteria: Although more flexible than traditional banks, term loans may still require a demonstration of business health and revenue.