Typical term loans that you might be familiar with are home mortgages, SBA loans, car loans and student loans. A term loan is a loan for a specific amount that has a specified repayment schedule and a fixed or floating or factor based interest rate. Business terms loans are ideal for small to large companies with solid financials that are looking to purchase large equipment, make major renovations, invest in bulk inventory, obtain working capital or complete a large construction project.
Libertas is pleased to offer access to a factor based closed end loan product through our partner WebBank, Member FDIC. With terms of up to 24 months and funding amounts of up to $2.5 million. Libertas can service almost any of your funding needs.
The term loan application requests only the basic information about both your business and yourself. In addition to the application, analysts will request some simple financial information about your business to analyze your cash flow.
If you submit your application and statements before 9:30 AM EST you will have a decision that same day with funding if qualified.