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Business Term Loan

Flexible and convenient access to working capital.

  • Lines of credit up to $500K
  • Approvals in 24hrs or less
  • Funding in 2 Days or less
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Take on your next challenge with a business term loan from ZhyDen

Part of running a business is finding the working capital to support it. You might need to buy equipment, meet payroll or fund an expansion. Traditionally, business owners would turn to banks for small business loans. But traditional business lenders require a lot of paperwork — and time that a busy entrepreneur just doesn’t have.

That’s where we come in.

At ZhyDen, our small business term loans can provide funding from $5,000 to $250,000 with repayment terms up to 24 months. If approved, funds are delivered as soon as the same business day.† We also offer an online business line of credit that can be useful for keeping funds on hand. These products can be used simultaneously for approved customers.

Lump Sum

from $5K - $250K

5-Year

maximum repayment term

Predictable

affordable payments

Get Started

Fast funding

Get funds as soon as the same day.†

No hard credit pulls

Check your eligibility without affecting your credit score.***

Build business credit

We report to business credit bureaus, which helps build business credit with on-time payments.

Funding that moves at lighting speed

Step 1.

Complete the application

Our application is pretty simple, and you can apply online or over the phone.

Step 2.

Get a decision

Your dedicated loan advisor will review your options with you

Step 3

Receive your funds

Complete the online checkout and receive your funds as soon as the same day*

Requirements

Minimum Requirements

Time in Business

1 Year

Personal FICO Score

550

Business Annual Revenue

$100k

Business Bank Account

Yes

FAQs

Learn more about business term loan

1. How soon can I get my funds?
ZhyDen's term loan can fund to your bank account by 5 p.m. the same day you’re approved.† In comparison, standard ACH transfers from a bank can take up to three business days.
2. Can I get more funds after my first loan?
Many OnDeck Term Loan customers renew their loan. When you renew, all remaining interest on the original term loan is waived and you’re issued a new loan. You’ll also get a lower origination fee — as low as 0%.1
3. Can I repay my ZhyDen Term Loan early?
Yes. If you qualify for our 100% prepayment benefit option, you can pay your loan off early in full and have all remaining interest waived without any penalty or fee.‡
4. Are payments fixed or variable?
Payments for ZhyDen’s term loan are fixed, so you’ll pay the same amount from the beginning to the end of your repayment term. This allows you to manage your cash flow with no surprises or large costs up front.
5. How does payback work?
Repaying your term loan is hassle free with automatic bank account deductions. The predictable daily or weekly payment is based on your loan amount and term length. It’s intended to be manageable based on your application information.
6. How do business term loans work?
Business term loans are a type of business funding in which a lump sum of cash is issued to a borrower (business owner) and repaid on a regular schedule over a predetermined period of time, known as the loan term. These loans typically consist of daily, weekly or monthly payments that last from a few months to a few years. The regularly scheduled payments are usually for a fixed amount.
7. How long is a business term loan

The repayment period for business term loans can range from a few months to 10 years or more. Larger term loan amounts will usually take a business longer to repay. Small business loans that have term lengths on the shorter side (typically 12 months or less) are commonly referred to as short-term business loans. Term loans with longer term lengths may be known as long-term business loans.

8. Where can I get buiness term loans for bad credit
ZhyDen doesn’t offer “bad credit loans.” However, a lower credit score doesn’t always mean you can’t qualify for business financing. Our business term loans and lines of credit can provide an alternative source of funding for borrowers who have had difficulty getting approved for credit cards and traditional bank loans.
Depending on the state where your business is located and other attributes of your business and the loan, your business loan may be issued by a member of the ZhyDen partnerships. Your loan agreement will identify the lender prior to your signing. Loans subject to lender approval.
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* Same Day Funding is only available in certain states, for term loans up to $100K. Eligibility window is Monday-Friday before 10:30am EST. If checkout is done before 10:30am EST, funds will be available by 5pm local time the same day. If checkout is done after 10:30am EST, or on a weekend or bank holiday, it will not qualify for Same Day Funding and funds will be deposited within 2-3 business days. Eligibility rules around creditworthiness and length of term loan apply.

Eligibility for the lowest rates is very limited, available only to businesses with the strongest creditworthiness and cash flows, and typically businesses that have shown an excellent payment history on prior loan products with ZhyDen. The average rate for term loans is 60.9% APR and the average rate for lines of credit is 52.6% APR. Averages are based on loans originated in the half-year ending March 31, 2023.