UNSECURED BUSINESS TERM LOANS

$30,000 TO $350,000 AVAILABLE

LOW-RATE MONTHLY PAYMENTS

NO PRE-PAYMENT PENALTIES (DISCOUNTS INSTEAD)

1-2 WEEK PROCESS. SEE BELOW FOR DETAILS.

BUSINESS FUNDING

It Doesn't Have To Be Complicated

For small business owners and entrepreneurs, GoKapital is now offering business term loans with monthly payments and low rates.

Terms range from 1 to 5 years, with a credit score minimum of 660, and funding up to $350,000 is available. Let our unsecured business loans help your business grow. Whether you’re looking to expand, purchase inventory, hire more employees, or refinance existing debt, a GoKapital business term loan is an excellent solution.

Our term loan program typically funds within 1 to 2 weeks and offers early payment discounts. Rates are fixed and may vary from 6% to 25%.

Within 5 minutes, you can see if you are pre-qualified with a soft-credit pull.

Prequalification and Eligibility Criteria

✔ Time in Business: 2 Years
✔ Annual Revenue: $250,000
✔ Credit Score: 660+ (Soft Credit Pull for Prequalification)
✔ Ownership: Applicants must be U.S. citizens or residents
✔ Business Credit: No recent bankruptcies, tax liens, or judgements
✔ Time to Fund: 1 to 2 Weeks
✔ Interest Rates: Range from 6% to 25%, with early payment discounts

Documents Required (after pre-approval)

✔ 2 years of business and personal tax returns
✔ 6 months of recent business bank statements
✔ Business Debt Schedule
✔ Year-to-date Financial Statements

States Where the Program is Offered

□ Alabama
□ Arizona
□ California
□ District of Columbia
□ Delaware
□ Hawaii

□ Iowa
□ Idaho
□ Illinois
□ Indiana
□ Kansas
□ Kentucky

□ Louisiana
□ Maryland
□ Maine
□ Mississippi
□ Missouri
□ Nebraska

□ Nebraska
□ New Jersey
□ New Mexico
□ North Carolina
□ Ohio
□ Oregon

□ South Carolina
□ Utah
□ Virginia
□ Washington
□ Wisconsin
□ Wyoming

GoKapital Small Business Term Loan

How To Apply for a Business Term Loan with GoKapital?

Step 1. Apply
Complete the business loan application form in 1 minute.
Step 2. Analyst Phone Call
Receive a phone call from an analyst to discuss your offer.
Step 3. Provide Documents
Provide bank statements, a voided check, and a copy of identification.
Step 4. Receive Funds
Accept your offer, sign your loan agreement and receive funds!

Get approved for a low rate, unsecured business loan!

GoKapital’s Business Term Loans Features

Take a look at some of the features that our term loan program has for you:

□ Low, monthly payments
□ Terms up to 10 Years
□ Quick Loan Approval Process
□ All Credit Scores Accepted
□ Minimal documentation

What documents are required to apply and receive a business term loan?

□ 3 months of business bank statements
□ Loan Application
□ Voided Check

What are Unsecured Business Term Loans?

An unsecured business loan is a funding solution that does not require collateral or hard assets. Instead, factors such as your monthly revenue, bank balance, and credit score are reviewed. Since this is a non-bank financing product, the approval guidelines are a lot more flexible.

What types of businesses can qualify?

We will review any business term loan requests for any “for-profit” business that has at least 3 months of operation and and active business checking account.

When banks say no, we say yes!

One you fill out the Business Term Loan Application, an analyst will call you the same day to discuss possible pre-qualification terms.

Our programs are a better alternative to bank loans, because we require minimal documentation and approve much more quickly.

With an unsecured business term loan from GoKapital, you can access up to $250,000 in working capital for any business purpose. Banks typically have very strict requirements, require extensive paperwork, and can take weeks (or sometimes even months) to approve. With GoKapital, we make business lending simple.

See why GoKapital’s

Unsecured business loans are a better alternative.

✔ Even with bad credit, you can qualify for a monthly payment loan with long terms.

✔ If you have existing debt with daily or weekly payments, you can refinance these loans and improve your monthly cashflow.

Other types of Unsecured business loans | Startup Business Loan | Merchant Cash advance

Business Term Loans Frequently Asked Questions

Here are the answers to the frequently asked questions about unsecured business loans and business term loans.

Q. What is an unsecured Business loans?

A. It is a type of loan that requires no collateral and lends against the cash flow of your business.

Q. What is a business term loan?

A. A business term loan, also known as traditional business loan, is a lump sum of capital that you pay back in regular installments at a fixed interest rate, over a period of 1 to 5 years.

Q. What is a line of credit?

A. A line of credit (LOC ) is a financial product with a preset borrowing limit that can be used at any time. The borrower can withdraw funds out as needed without going over the limit. as money is repaid, it can be borrowed again

Q. What is a merchant Cash advance?

A. A merchant cash advance (or “MCA”) is an advance against future credit or debit card sales. This type of business financing is mainly for businesses whose revenue comes primarily from credit and debit card sales, such as restaurants or retail shops.

Q. What are fixed rate term loans?

A. A fixed-rate term loan, also called just a term loan, is a type of loan where the interest rate stays the same for the loan’s entire term.

Q. How do I get an unsecured business loan?

A. If you don’t have the assets to secure a business loan, an unsecured business loan may be your only option. You can get an unsecured business loan with Gokapital, just send us the last three month of business bank statements and fill out an online application. We will reply within 24 hours.

Q. What happens if you default on an unsecured business loan?

A. If your loan goes into full default, it means that your business credit score can be damaged. This can severely affect your ability to receive credit in the near future. If you’re in danger of defaulting, please contact us in hopes of working out a repayment plan.

Q. How do I get a small business loan with bad credit?

A. Having a bad business credit score can be a great obstacle to receiving business funding. The first thing you should do is try to fix your business credit. While you fix your credit, you could either apply for a short-term secured loan. Gokapital has options for every situation, contact us and we will do our best to help you.

Q. How quickly can I receive funding?

A. With Gokapital, you could get approved within 24 to 48 hours and get the funds in 1 – 3 business days.

Q. How do I get a small business loan with bad credit?

A. Having a bad business credit score can be a great obstacle to receiving business funding. The first thing you should do is try to fix your business credit. While you fix your credit, you could either apply for a short-term secured loan. Gokapital has options for every situation, contact us and we will do our best to help you.

Q. How quickly can I receive funding?

A. With Gokapital, you could get approved within 24 to 48 hours and get the funds in 1 – 3 business days.

Q. Do I have to provide collateral for the loan?

A. Not for this type of loan. An unsecured loan is a type of financing where the borrower doesn’t have to put any collateral.

Q. What is the minimum qualifying criteria for a business term loan?

A. To qualify for one of Gokapital’s Term loans, you need to have minimum annual sales of $100,000, at least 1 Year in business, and a minimum credit score of 660.

Q. What supporting documentation is required?

A. The last three months of business bank statements.

Q. What is the term of the loan?

A. Gokapital offers terms of terms of 1 to 4 years

Q. What is the interest rate of the business term loan?

A. We offer business term loans with rates starting at 9%. Your final interest rate for a business term loan will depend on your creditworthiness, your credit score, cash flow, time in business, etc. Contact us so that we can evaluate your situation and give you a free no-obligation quote.

HAVE ANY QUESTIONS?

We’re here to help. Send us an email or call our experts at 1-866-257-2973