How it works
A term loan is a fixed sum that can be drawn down in up to four tranches throughout the term of the loan, which is usually three to five years.
Term loans are designed to help your firm grow, by providing flexible funds that can be used in the way you choose. For example, you may wish to fund mergers and acquisitions (M&A) or research and development (R&D), strengthen your working capital position, invest in expansion or refinance an existing loan.
Term loans are ideal for companies with ambitious targets for growth (whether organic or acquisitive) and can be used to support businesses operating in a variety of sectors. At Growth Lending, we don’t require a seat on your board, so our term loans also enable you to stay in the driver’s seat.
How can a term loan support your business?
Term loans can provide funding for a range of business needs, such as consolidation of existing debt, to purchase assets to enable growth, or to execute an acquisition.
They offer a flexible repayment structure so you can match repayments to your cash flow and are available with a choice of terms. Here at Growth Lending, each of our term loans are tailored to your business needs.
What we need
The application process for our term loans is smooth and swift, with firms funded in as little as six weeks, but submitting a comprehensive application will speed things along.
We want to know about your targets and how you plan to achieve them, your management team, and your most important clients – all the key details about your story so far.
We are comfortable lending to businesses that are pre-profit, but we need you to demonstrate clearly that you are on track to reach profitability.
What you can expect from us
Every application for a loan from Growth Lending is processed by people, not machines.
After you have applied, our experts will quickly gain a thorough understanding of your business, which helps us to assess how much we can lend. We will then tailor your loan after further discussions with you.
When everyone is happy, we will issue a term sheet, summarising the details of the loan. The deal will then go through our due diligence process. When it has been approved, you will be eligible to draw down the funds.
