Apply for a business loan
- Same day approval and multiple funding options
- Access loans with low rates
- Borrow up to $250,000
- Multiple Year terms available
You can borrow up to $250,000
IPS is a direct business lender offering business loans and lines of credit.
Take control of your working capital
Expand your business, open new locations
Purchase equipment and inventory
BizPay your business success
- No charges for early repayment
- Borrow up to $250,000
- Business loans or lines of credit available
What is a business term loan?
A term loan, often referred to as a business loan, is an agreement between a lender and a borrower where a lender provides immediate cash to the borrower, and the borrower repays the money in installments over an agreed-upon length of time. The borrower also pays a certain percentage of interest as an incentive to the lender.
A business term loan can help you as a business owner with large purchases. It efficiently spreads a large sum payment over smaller fixed installments to the lender. Think of it as something similar to a student loan, where a student pays off the university and then pays back the amount to the lender in smaller monthly repayments.
A business term loan is great for specific expenses like the purchase of a new location for business expansion, equipment, vehicles, etc. to improve your operations and boost growth. However, it comes at the cost of interest and may include other fees.