Term loans for business growth.
Apply online in minutes for a term loan up
to $500,000 with predictable repayment
terms.
to $500,000 with predictable repayment
terms.
Fast and
simple process.
Easily apply and get a term loan decision in as fast as 24 hours.
Clear and
upfront terms.
Make repayments on a predictable schedule of up to 36 months.
Freedom and
flexibility.
Use funds to cover operational costs or take advantage of growth opportunities.
How to apply for a term loan.
Submit an application without impacting your personal credit score.
Apply online in minutes.
Complete one simple application to be considered for a Line of Credit and our term loan products.
Get a fast decision.
Your application will be reviewed by our team in as quickly as 24 hours.
Review your financing offer.
If eligible, we’ll reach out with Lines of Credit offers or any term loan offers.
Frequently asked questions
What funding options does Progressive Funding offer?
Progressive Funding provides business owners with customized financing options that meet their specific needs. When you apply with Progressive Funding, you’ll also be considered for funding from our network of lending partners. Our partners offer a variety of funding options, including term loans.
How do I make repayments if I get a loan from a lending partner?
After accepting a funding offer from one of our lending partners, you’ll manage your loan directly through that lender.
Will applying for a term loan from Progressive Funding impact my personal credit score?
No. Submitting an application and reviewing an offer doesn’t affect your personal credit score. However, accepting an offer may result in a “hard inquiry.”
What is a term loan?
A term loan is a type of business loan in which you receive a lump sum upfront, which is repaid over a fixed schedule.
What’s the difference between a term loan and a line of credit?
Term loans and lines of credit are two different types of business loans:
- A term loan provides a lump sum upfront. You repay on a fixed schedule until you’ve repaid the full sum.
- A line of credit provides access to ongoing funds from which you can request one or more draws and borrow any amount up to your given limit. You repay only what you’ve borrowed on a fixed schedule.
Do any of your lending partners offer a line of credit rather than a term loan?
Yes, some of our lending partners offer a line of credit as well as term loans.
Need ongoing access to capital?
Get a revolving line of credit to cover big expenses and grow your business.
Looking for SBA funding?
We’ve partnered with over 25 banks to help you access SBA 7(a) loans.
Ready to apply for a term loan?
Submit your application in just a few minutes with no impact to your credit score.
