An installment loan gives you the cash to grow your business, whether it be to renovate office space or buy inventory. With an installment loan, you borrow a lump of cash upfront for a specific purpose and repay the loan over a set period of time with fixed, equal payments. At Motor City Funding, we specialize in long-term business loans that harness the potential of strong credit profiles. Our rates, ranging from 7.9% to 24.99%, reflect our commitment to making growth accessible. Monthly loan repayments over 1 to 5 years facilitate steady financial progress. Our rates are influenced by your industry, fund usage, credit standing, and overall business health. We streamline the process by requesting essential documentation: recent bank statements, business tax returns, personal financial statements, and a debt schedule. Our comprehensive approach extends to guiding your self-assessment, exploring past loan experiences, and defining your loan purpose. Additionally, we share insights about the funding timeline and provide pathways to future approvals, ensuring your financial journey is guided and successful. If you're looking for financing options for your business, don’t hesitate to contact us today to learn more about Term Loan.