- Financing solutions Connecting small business owners with financing solutions
- How it works Learn how we make the complex clear and the process seamless.
- About us We’re your dedicated small business financial partner.
BANK TERM LOANS
Shorter terms, faster delivery of funds
We help small businesses like yours access funds quickly with bank term loans from our trusted network.
Only takes 5 minutes and doesn't impact your credit score1
Funds today, no surprises tomorrow
Bank term loans offer you the opportunity to secure cash flow more quickly while locking in a favorable fixed rate.
2-5 year repayment terms with stable monthly payments
$50,000 - $300,000 for working capital and debt refinancing2
Competitive fixed interest rates3
Eligible business owners are U.S. citizens or legal permanent residents
Must be 2+ years in business with good credit and cash flow to qualify
FAQs
What’s the difference between an SBA and Bank Term Loan?
In general, SBA loans provide lower rates and longer terms, and bank term loans are a great option if you’re looking for fixed rates and faster access to funds through a faster application process.
Am I a good candidate for a Bank Term Loan?
Most businesses in good financial standing that have been in operation for more than two years are good candidates for bank term loans.
What are my options if I’m not approved for a Bank Term Loan?
Even if you don’t yet qualify for an SBA or bank term loan, we'll work to help you find other financing options that may be a good fit for your needs.
Does SmartBiz Bank offer Bank Term Loans?
While SmartBiz Bank does offer conventional bank term loans in Chicago as well as the surrounding areas within 250 miles of Chicago, SmartBiz Bank works with other banks in its network to help you secure bank term loans across the country.
Trusted & Loved
Our customers say Excellent
4.6 out of 5 based on 16,367 reviews
4.6 out of 5 based on 16,367 reviews
"I definitely recommend SmartBiz"
“From day one to the final day of loan funding Christina Lahi and David Lin were very helpful both of them guiding me thru the whole process of the loan. I have concerns because i know that it's real hard for a business to meet the criteria for an SBA loan but they meet my expectations going beyond to qualify my business i definitely recommend smartbiz. Thanks Christina and David”
"I was thoroughly impressed and highly satisfied."
“I was thoroughly impressed and highly satisfied with the expedited processing of my SBA Express Loan through SmartBiz, coordinated by my contact person, Alisha. On May 21st, Alisha requested the necessary documents, which I promptly submitted the following day. By May 24th, I had provided all additional requested documentation. Despite the Memorial Day holiday on May 27th, the underwriting review was completed by May 28th. On May 31st, the documents were forwarded to South State Bank. After the weekend, on Monday, June 3rd, we awaited SBA approval. Impressively, the very next day, I signed the closing documents, South State Bank disbursed the funds same day. The entire processing period took only two weeks, demonstrating SmartBiz's remarkable efficiency and speed. I definitely recommend it !”
"Super friendly and positive through out the entire process, easy to work with."
“Blake did an outstanding job of staying on top of the paperwork that was required for the completion of this process. He outlined from the beginning the steps needed. He communicated effectively and transmitted to all parties the process, procedures and outcomes with the expected time line and completion dates. I would refer and speak highly of Blake and recommend the services provided with SmartBiz. Also, super friendly and positive through out the entire process, easy to work with.”