Glossary

Term loan

A term loan is a traditional financing structure where a lender provides a lump sum up front that the business repays over a set period on a fixed schedule. It is often used for a defined purpose, an expansion, a large purchase, or consolidating other obligations. Lenders offering a term loan usually review time in business, revenue, cash flow, entity type, and supporting documents. YesLane is a funding marketplace, not a lender; it connects owners with lenders that work with businesses like theirs.