TERM LOAN
A lump sum for meaningful investments.
Get access to capital for specific, one-off investments such as real estate purchases, business expansion, debt refinancing, equipment and more.
Explore term loans
SMALL BUSINESS
FINANCING
BUSINESS LOANS
Capital that moves your business forward.
Whether you're looking to fuel growth, cover operational costs, or address unexpected expenses, you have a variety of financing options available to explore.
BUILT FOR BUSINESS
More room.
More possibility.
More possibility.
The right financing for the job.
EVBL specialists take a consultative approach to business financing. We get to know you and your business to help you weigh your options and choose the best financing option to meet your current needs.
OUR APPROACH
Finance what you need
without over-extending
your business.
LINE OF CREDIT
Flexible capital when you need it.
Access available credit when your business needs it and only pay for what you use. As you repay the balance, your available credit becomes available again.
Explore line of creditTERM LOANS
A straightforward way to fund what's next.
EVBL offers commercial loans designed to help you and your business succeed. Operating a successful business requires financial support, and our knowledgeable loan specialists understand the challenges business owners face.
HOW IT WORKS
How a Business Term Loan Works
A business term loan is a lump sum of capital that you pay back with regular repayments at a fixed interest rate. This type of traditional financing is what most people think of when it comes to small business loans.
The "term" in term loan refers to the set repayment period, which can range from several months to several years depending on the type of loan.
Business owners generally use term loans to finance specific, one-off investments such as real estate purchases, business expansions, debt refinancing, and other long-term investments.
Business term loans can be issued by banks, credit unions, and online lenders. Banks and credit unions generally offer the most attractive rates and terms, but typically require stronger qualifications and may take longer to fund. Online lenders often provide greater flexibility and faster funding, although they may come with higher costs and shorter repayment terms.
WHEN IT MAKES SENSE
One loan. Many possibilities.
One of the biggest benefits of a business term loan is its versatility. Capital can be used for a wide range of business financing purposes.
Equipment or inventory
Purchase the tools, equipment, or stock your business needs.
Working capital
Strengthen your day-to-day operating cash flow.
Refinancing debt
Restructure or refinance existing business obligations.
Hiring staff
Invest in the people needed to move your business forward.
Payroll & taxes
Meet important payroll and tax obligations on time.
Business expansion
Open a new location, expand operations, or enter new markets.
Real estate
Finance commercial property purchases and related investments.
Long-term investments
Fund strategic investments that support your future growth.
CHOOSE YOUR TERM
Different timelines. Different advantages.
UP TO 2 YEARS
Short-term
Short-term business loans have repayment periods of up to two years. They generally have the most flexible qualifications and are among the fastest to fund.
TRADE-OFF
Typically higher cost
2 — 5 YEARS
Medium-term
Medium-term business loans have repayment periods of two to five years. They may require stronger qualifications and take longer to fund, but are generally more affordable.
BALANCE
Cost & flexibility
UP TO 25 YEARS
Long-term
Long-term loans can have terms of up to 25 years. They typically require top borrower qualifications and may take longer to fund, but can offer lower interest rates.
ADVANTAGE
Lower interest rates
Know what you'll need.
To apply for a business term loan, businesses should have annual revenue of over $100K and have been in business for more than one year.
Start Your Application
Basic personal & business information
Personal & business bank statements
Balance sheet & profit and loss statement
Personal & business credit score
Personal & business tax returns
Additional supporting documentation
BUSINESS LINE OF CREDIT
Access capital when you need it.
A business line of credit isn't too different from a personal credit card. You have a certain amount of available credit and can spend up to your limit, making weekly or monthly payments that reduce your balance and cover interest.
You won't owe anything until you make a purchase with the line of credit. When you pay your balance down to zero, your payments stop until you use the credit line again.
BUSINESS LINE OF CREDIT
Draw what you need.
- Access funds up to your credit limit
- Only use what your business needs
- Payments reduce your outstanding balance
- Available credit can become available again
TRADITIONAL BUSINESS LOAN
Receive a lump sum.
- Receive the full loan amount upfront
- Make fixed scheduled payments
- Interest applies to the loan balance
- Loan is paid off after the agreed term
READY WHEN YOU ARE
EVBL / BUSINESS
Give your business room to grow.
Tell us what your business needs and let's explore the financing options that make sense for where you're going.