Grow Your Business

Business Term Loans

Loan Amount
Starting at $25,000
Financing Terms
Flexible, typically range from 1 to 10 years
Qualifications
At least 2 years in business

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What is a Business Term Loan?

Business term loans are debt-based financing arrangements between a bank and a business, where the proceeds of the loan are used to finance the equipment, inventory, office space or acquire another business. A business term loan typically lasts between 1 and 10 years, has a fixed payment and money is paid from the bank to the business in one lump sum at the beginning of the loan term.

Interested in a Business Line of Credit?

FirstLine Business Line of Credit
$25,000 - $150,000
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Business Line of Credit
$150,000 - $1,000,000
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Explore the benefits of SBA Financing

SBA loans feature down payments as little as 10% and
repayment terms up to 25 years for qualified applicants.


Learn More about Small Business Loans

Businesses we work with typically choose to fund long-term investments with a term loan over using a business line of credit.

For example, if you are buying capital equipment, investing in new construction, acquiring a business or other fixed assets that will be in use for several years, a term loan is often the preferred choice.

  1. Business term loans are one time loans, with a set start and end date and a fixed payment schedule. A business line of credit can be used multiple times, and payments changed based upon usage. For example, if your usage is $0 for your line of credit, your payment will be $0.

  2. Business term loans are used most often for long-term investments, while lines of credit are typically used for short-term purposes such as receivables, payroll and other working capital needs.

Getting Started is Easy

Speak with Banker
Discuss your lending needs & financing options
Get Credit Decision
Fast, local decision-making
Access Funds
Upon approval, we’ll work with you to quickly access financing

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Navigate Our Business & Commercial Loans

We have the financial products you need to start or grow your business.

 
Commercial Real Estate & Construction Loans
Business Line of Credit
Dental Practice Loans
SBA Loans
Veterinary Practice Loans
Medical Practice Loans

Firstrust Bank. Business Edge.

Get fast, local decision-making from the Philadelphia region’s largest family-owned bank



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Here's What Our Business Customers Say About Us

"I reached out to Firstrust with the goal of acquiring a Business Line of Credit, and of course at a great rate. I was able to do just that with the assistance of the friendly and knowledgeable employees of the bank. I let the employee know what I needed to accomplish my stated goal and within a week or two it was accomplished. I'm truly grateful for the help of people at Firstrust Bank" — James T., CUSTOMER, 3 YEARS
"I have banked with Firstrust for the past 5 years. Their insight and foresight allows me to make the best business decisions for my company. I recommend Firstrust to all of my business affiliates." — Ellen B., CUSTOMER, 3 YEARS
"Firstrust is always the first that I go to for commercial mortgages. Their lender is experienced, knowledgeable, and ... she understands my needs, answers my questions, even when they are unrelated to our loans, and helps me grow my real estate investment portfolio. I recommend her to all of my friends in the real estate investor chat group." — Nancy W., CUSTOMER, 3 YEARS

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