A term loan is the opposite of a rush product in most people's minds. It is the loan with the fixed payment, the fixed date and the fixed end, the one banks take weeks to approve. fundivi's business term loans turn that around: the decision is the same day, and the money can be wired the same day when the file is ready. This guide treats that claim the way a lender would, as a set of gates. Pass each gate and you are in the fast lane. Miss one and you will know exactly why the clock slows.
If you already know the answer, check your prequalification now. Expect about three minutes and no hard credit pull.
Term Loans at fundivi: The Fixed Facts
- Amount: $25,000 to $5,000,000
- Term: 1 to 3 years
- Decision: Same day
- Documents: 4 to 7
- Pricing: Factor rates starting from 1.16, for reference only and not a quote
- Structure: Lump sum, fixed payment, fixed maturity
- Payment: Monthly ACH on a fixed date, with some weekly or bi weekly schedules
- Rate: Mostly fixed. Larger or longer deals may be tied to a benchmark, disclosed up front
- Security: Smaller loans typically unsecured with a personal guarantee. Over about $500,000, usually secured by a UCC lien
The tagline on the product page says it best: fixed capital, fixed payments, predictable. The price of that predictability is a higher bar to clear than a revenue based advance.
The Six Gates to a 24 Hour Term Loan
Treat these as a scorecard. Count how many you can answer yes to.
Gate 1: Two years in business
The term loan page lists at least two years in business. This is the clearest dividing line between a term loan and fundivi's faster, lower threshold products, which start at four months.
Gate 2: $250,000 in annual revenue
Established operators with consistent revenue are the target. If you earn that amount but unevenly, your statements need to tell a steady story.
Gate 3: A 600 FICO or better
Higher than working capital's 500, because a fixed payment leaves less flexibility if something goes wrong.
Gate 4: Four to seven documents ready
Three months of business bank statements, the last full year of tax returns, a voided business check, identification and the application details. The tax return is the document that most often slows a term loan, because owners have to find it. Have it in the folder before you start.
Gate 5: A clear purpose
Allowed uses include build outs, new locations, hiring ramps, acquisitions, refinancing, equipment, expansion, debt consolidation and one time projects. Restricted uses are passive investments, speculative trading, gambling and illegal activity.
Gate 6: A loan size that matches the lane
This is where speed is won or lost, so it gets its own section below.
Three Lanes by Loan Size
Not every term loan moves at the same speed. The product page makes a security distinction that shapes the timeline.
- Lane A: Typical size: $25,000 to about $250,000; Security: Usually unsecured, personal guarantee; What to expect: The fastest path. Decision same day, with funds as soon as documents are in
- Lane B: Typical size: About $250,000 to $500,000; Security: Unsecured or lightly secured; What to expect: Same day decision is still the goal, more document checks
- Lane C: Typical size: Above about $500,000; Security: Usually a UCC lien on business assets, sometimes specific equipment or receivables; What to expect: Expect extra steps. The lien is filed, and the timeline can stretch to days
These lane boundaries are our reading of the product page, not published promises. The point is that a $75,000 term loan and a $2,000,000 term loan are different jobs, even though both are called a term loan.
What a Fixed Payment Looks Like
A term loan is easier to plan around because the payment never moves. Here is an illustration using the lowest published pricing, 1.16, to show how the total and the payment behave. This is not a quote, and your offer may differ.
- $50,000: Total payback at 1.16: $58,000; Term: 12 months; Approximate payment: $4,833 per month
- $100,000: Total payback at 1.16: $116,000; Term: 24 months; Approximate payment: $4,833 per month
- $250,000: Total payback at 1.16: $290,000; Term: 36 months; Approximate payment: $8,056 per month
- $500,000: Total payback at 1.16: $580,000; Term: 36 months; Approximate payment: $16,111 per month
Notice the first two rows. A $50,000 loan over 12 months and a $100,000 loan over 24 months produce the same monthly payment. Doubling the term lets you borrow twice as much for the same cash drain, which is why term length is usually the first lever to pull when a payment feels too heavy. Use the cost calculator to see how your own numbers behave.
Same Day Funding for a Fixed Loan
Same day funding on a term loan depends on two things you control and one you do not.
You control the paperwork and the hour. A complete file submitted in the morning gives underwriting time to finish and the wire time to arrive. The one you do not control is the size lane described above.
Here is what the day tends to look like for a Lane A loan.
- Morning: apply and upload statements.
- Late morning: the underwriting engine reads your deposits, balances and obligations, and a specialist may follow up.
- Midday: decision. Approval, conditional offer, or decline with reasons.
- Early afternoon: you review the offer, with the amount, term, fixed payment, payment date and itemized fees.
- Afternoon: sign, and funds are wired to the business account.
The how it works page puts the pattern in four short words: apply, review, decision, wire. fundivi says most operators see funds the same business day they sign, but it does not promise that for every file.
Streamlined Application, Without the Usual Bank Stack
Term loan applications are known for thick binders: financial statements, projections, years of returns. fundivi keeps it to business details, bank statements and the last full year of tax returns, then lets the underwriting engine read the bank data directly. That is why a decision can arrive the same day. If you want to talk it through first, book a consultation. If you are ready, go straight to the full business loan application.
Hybrid Funding Model for Term Borrowers: A Second Look, Same Paperwork
A term loan carries the highest eligibility bar in fundivi's lineup, so the hybrid funding model does real work here. fundivi first checks the file against its own criteria and lends directly if it fits. If not, a vetted lending partner receives the same application, with no resubmission. Picture a business with 18 months of history and strong cash flow: it misses the two year gate for a direct term loan, yet it may be a good candidate for working capital or a partner product. You do not have to guess which. The review sorts it out.
Best Rated Where It Counts: Terms You Can Check
fundivi does not post star scores, so none are claimed. For a term borrower the more useful evidence is on the offer sheet.
- A Better Business Bureau Business Review seal for fundivi Inc., which you can open and read.
- A written offer with amount, term, payment, payment date and itemized fees.
- Prepayment terms disclosed before signing.
- Security stated plainly by loan size.
- A real address in Brooklyn and a team you can reach.
Ask for the same five items from any lender you compare.
Five Smart Uses of a Fast Term Loan
A second location
Build out and first months of operations are a lump sum with a long payoff, which suits a fixed payment.
A hiring ramp
If new staff will produce revenue within a predictable period, a term loan matches a known cost to a known return.
Debt consolidation
Replacing several higher cost obligations with one fixed payment can simplify cash flow. Run the totals first so the new loan truly costs less.
An acquisition
A term loan is a natural fit for buying a competitor or a customer list, provided the target's cash flow supports the payment.
Equipment alongside financing
If the money is mainly for machines, compare with equipment financing, which uses the asset as security and can price lower.
A Pre Application Test You Can Run in Ten Minutes
Before you apply, divide the payment from the table above by your average monthly deposits. If the payment is more than about a fifth of what comes in, the loan will feel heavy, and a longer term or smaller amount is worth considering. Then look at your slowest month in the last year and ask whether the payment still fits. A fixed payment does not flex, so your worst month is the one that matters. Finally, write down the specific thing the money will produce and the month you expect it to start paying for itself. A lender will ask about purpose, and so should you.
When a Term Loan Is Not the Fastest Answer
If your business is under two years old, or earns below $250,000 a year, the direct term loan is out of reach and another product will be faster. If your need is a few weeks long, bridge capital may match better. If you need the money by tomorrow and a fixed payment matters less than speed, working capital is the faster path. The funding product matcher will sort these in a few questions, and the resources section has more guides.
Term Loan Questions, Answered in Full
1. Can I really get a term loan in less than 24 hours?
For many smaller files, yes. fundivi decides term loans the same day, and its pages describe funding the same day for most approvals. The speed depends on your size lane. Loans in the lower range are usually unsecured with a personal guarantee and move fastest. Loans above about $500,000 are usually secured by a UCC lien on business assets, and that filing adds steps that can stretch the timeline to days. A complete file, including last year's tax return, submitted in the morning gives you the best chance.
2. What credit score do I need?
The term loan page lists a 600 FICO or higher. That is higher than working capital's 500 because a fixed payment leaves less room if something goes wrong. Credit is still one factor among several, and the how it works page says cash flow is weighed first. A business with strong, steady deposits and a score right around 600 can compete well, while a high score cannot rescue a file with thin or erratic revenue.
3. How long must I be in business?
At least two years, with at least $250,000 in annual revenue. This is the clearest dividing line between term loans and fundivi's faster, lower threshold products, which start at four months. If you are younger than two years, working capital or a merchant cash advance may be the faster route, and a term loan can become a realistic next step once you have the history to support it.
4. What documents do I need?
Three months of business bank statements, the last full year of tax returns, a voided business check, identification and the business details from the application. The page lists four to seven documents in total. The tax return is the item that most often slows a term loan, simply because owners have to locate it. Put it in the folder with your statements before you apply so the underwriter never has to wait on you.
5. Do I need collateral?
Smaller term loans are typically unsecured with a personal guarantee, meaning you are personally responsible if the business cannot repay. Loans over about $500,000 are usually secured by a UCC lien on business assets, sometimes with specific equipment or receivables pledged. The offer letter states what secures your loan. If you are uncomfortable with a personal guarantee, ask what alternatives exist, and compare the terms of a secured structure against an unsecured one.
6. Is the rate fixed or variable?
Most term loans are fixed. Larger or longer deals may be tied to a benchmark, and that is disclosed up front. With a fixed structure, your payment is the same amount on the same date every month, which makes budgeting and forecasting easier. If your loan is indexed to a benchmark, ask how often it adjusts, whether there is a cap and how a change would affect your payment, so you can test it against your slowest month.
7. Can I pay the loan off early?
It depends on the product. The page says most use a declining prepayment schedule with higher penalties in year one, and some have no prepayment penalty at all. The schedule is disclosed before you sign, so ask for it in writing and calculate what early payoff would cost at six months, twelve months and eighteen months. Early repayment is only attractive if the savings exceed any penalty.
8. How are payments made?
Standard repayment is a monthly ACH debit from your business account on a fixed date. Some products offer weekly or bi weekly schedules instead. Your offer letter lists the exact cadence and amount. Make sure your account holds enough on the payment date and consider setting a balance alert, because a returned payment can trigger fees and affect your relationship with the lender.
9. What can I not use the money for?
fundivi restricts term loan proceeds from being used for passive investments, speculative trading, gambling and illegal activity. Everything else that is a genuine business purpose is generally allowed, including build outs, new locations, hiring, acquisitions, equipment, debt consolidation and refinancing higher cost debt. State your intended use honestly on the application, since misuse can put you in breach of the agreement.
10. How is a term loan different from working capital?
A term loan is a lump sum with a fixed payment, a fixed date and a fixed maturity, and it has a higher qualification bar. Working capital is repaid as a share of receipts, has lower thresholds, a shorter term and no fixed monthly payment. If your revenue is steady and you want predictability, a term loan usually costs less over time. If your revenue swings or you need money immediately, working capital is more forgiving.
11. What does applying cost me?
Looking is free. Prequalification is a soft inquiry, so your credit score is untouched, and a hard pull comes only if you accept an offer that needs one. The written offer shows the amount, term, payment and itemized fees before you commit, so you can walk away from any offer that does not work.
12. What if I am declined?
You will receive reasons, and because of the hybrid funding model, your application can be routed to a vetted lending partner without resubmission. A term loan has the highest eligibility bar of fundivi's products, so a decline often just means another product fits better right now. A business with 18 months of history, for example, may be a strong candidate for working capital today and a term loan later.
Approval is not guaranteed. Rates and terms depend on qualifications, and the payment figures above are illustrations and not an offer. Learn more on the about page and the how it works page.
