Loan guide
Term loans, explained
A term loan is a single amount of funding a business receives once and repays over an agreed schedule.
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This guide explains what a term loan is in plain terms, and how YesLane, a funding marketplace, helps you see which lenders work with businesses like yours.
What a term loan is
A term loan is one of the more familiar shapes of business financing: the business receives an amount once and repays it over a set period on an agreed schedule.
Businesses often think about a term loan for a defined, one-time need, for example a planned expansion or a larger project, where they know the amount up front. The specifics depend on the lender.
How it works, in plain terms
A business has a defined, one-time need
The business knows roughly the amount it is looking to fund for a specific purpose.
A lender provides the amount once
A lender that works with this kind of business provides the funding as a single amount.
The business repays over an agreed schedule
Repayment follows whatever schedule the business and the lender agree to directly.
Where YesLane fits in
A funding marketplace
YesLane is not a lender. We help you see which lenders in our marketplace work with businesses like yours.
You stay in control
You choose which lenders to connect with. We connect you only with the ones you select.
A light first step
It starts with a few details about your business and what you are looking to fund.