Multi Year Term Loans

Permanent working capital with low monthly payments!

Loan Amounts

$25,000 - $2,000,000

Terms

2 - 5 Years

Rates

5.99% - 18.99%

Speed

as little as 48 hours

What is a Multi Year Term Loan?

A Multi Year Term Loan is a business term loan that has a repayment schedule over 2 to 5 years. A term loan that amortizes over a several years has low monthly payments and provides better ongoing cash flow for day to day operations. In order to qualify for a Multi Year Term Loan the business must have owners with good personal credit, strong business trade credit, and good historical cash flow.

The terms and conditions of a Multi Year Term Loan are going to depend on the overall strength of the business and it’s owners. Underwriting will look at the enterprise risk of both the company, which includes; operating history, trade credit, cash flow, sales trends, deposit consistency, etc. and the owner, which includes; personal credit score, management bio’s, background checks, etc.

How does the Multi Year Term Loan process work?

The application process to apply for a Multi Year Term Loan is easier then applying for both Asset Based Loans and SBA Loans. Although there is less paperwork and lower requirements, the application process still involves company financials and tax returns to be available for a lender to review.

Apply Online

SMB Compass's simple and secure online loan application can be completed in a matter of minutes. Quick & Easy!

Get Approval

After we process your application we will contact you and provide you with the best loan offer. 

Get Back To Business

Once your loan is approved in as little as 48 hours. You will have capital deposited directly to your business bank account.

What are the best industries for Multi Term Loan?

A Multi Year Term Loan can be used by industries that sell directly to other businesses or industries that sell directly to consumers. Based on the wide variety of ways that the money can be used and the limited restrictions or covenants that coincide with this type of financing, a Multi Year Term Loan is a perfect fit for businesses with strong credit profiles.

Restaurants/Bars

Retail

Manufacturing

Landscaping Services

Why would a business use a Multi Year Term Loan?

There are a variety of reasons why a business would use a Multi Year Term Loan. The top reasons include;

  • Refinancing short term loans and credit card debt
  • Improve business cash flow
  • Purchase equipment or inventory
  • To acquire another business
  • Growth and expansion

While these are some of the top reasons why a business owner would use a Multi Year Term Loan, there are variety of others. Depending on what industry a business is in and the stage in it’s lifecycle, a Multi Year Term Loan could be used with different objectives in mind.

What is a real example of a company that used a Multi Year Term Loan?

At the end of 2017 a Performance Cycling Store based out of Ohio came to us as they were looking to expand their business through an acquisition of a new store. In addition to the acquisition, they also had short term debt that was taking away from their day to day cash flow. The short term debt was amortizing over 18 months and the price to purchase the store was $250,000. Using the owners strong personal credit and the strong operating history and trade credit of the business, we were able provide a $385,000 Multi Year Term Loan that amortized over 5 years. Not only did the Multi Year Term Loan stretch the short term debt over a 5 year period, but the acquisition of the new store resulted in 40% more revenue, instantly!

What documents are required for a Multi Year Term Loan?

  • SMB Compass Online Application
  • 2 Years of Business Tax Returns
  • 1 Year Personal Tax Returns

  • Current Financials (Profit & Loss and Balance Sheet)
  • Current A/R and A/P Aging Reports
  • Current Debt Schedule

What Our Clients Are Saying

"We cannot express just how grateful we are that we found this company to work with. No matter what finance companies we reached out to for help we kept getting turned away and even at times, no call back. SMB Compass found us the best source of financing that would not just help in the short term, but gave us a solid plan to regain financial independence. We have been able to keep employees working and grow our business."
Tim C.

Massachusetts

"My family business has been around for over 25 years and we are grateful to have been introduced to the SMB Compass team. We’re now growing by 50% per year and without the help of SMB Compass, we wouldn’t have the capital to do so. We started off with a series of 5 year equipment loans and a 5 year working capital loan, and now the SMB Compass team has been able to secure a bank term loan and a $450,000 line of credit, with a bank that’s willing to grow with us!"
Greg P.

New Jersey

"I can’t begin to explain how helpful Matt Gillman and the SMB Compass team has been. I was able to put an operating line of credit in place along with a term facility that recapitalized my business. I constantly tell Matt and his team that they need to figure out a way to show people how different they are then others. I have recommended SMB Compass to family and friends and highly recommend them to any business owner looking for financing."
Fred S.

Indiana

Quick Approval for Your Small Business Loan

$160,000,000+ in financing provided to date. SMB Compass will provide your business with the best loan options available. Apply in minutes. Your results await. 

Friendly 5-10 Minute Introduction
Documentation and Underwriting
Approval and Funding

Frequently Asked Questions

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Funding the Next Day.