Personal Term Loans
Personal term loans provide a simple, reliable way to access a lump sum of capital—repaid over a fixed term with consistent monthly payments. Ideal for startups or business owners with strong personal credit, these loans offer flexibility, clear repayment schedules, and no surprises.
Flexible Personal Term Loans Tailored for Your Needs
Whether you’re looking to consolidate debt, cover unexpected expenses, or fund a personal project, our personal term loans provide an affordable financing option with competitive rates.
Personal term loans are unsecured loans that provide you with a lump sum of money, which you repay over a fixed term at a fixed or variable interest rate. Unlike credit cards or payday loans, personal term loans have a clear repayment schedule and fixed monthly instalments, helping you manage your finances with confidence.
Benefits of Personal Term Loans
Fixed Monthly Payments
Manage your budget easily with predictable repayment amounts.
No Collateral Required
Most personal term loans are unsecured, so your assets remain safe.
Use Funds for Any Purpose
Whether it’s home improvements, medical expenses, or travel, you decide how to use the funds.
Improve Credit Score
Timely repayments can help boost your credit rating.
Debt Consolidation
Simplify multiple debts into one manageable loan with lower interest.
SBA FastTrack™
| Minimum FICO Score | 700 Equifax model v9 |
| Minimum SBSS (small business scoring system) | 170 |
| Time in Business | 2 years |
| Felonies Allowed | No |
| Bankrupctcy Allowed | 1 bankrupcy allowed after 10 years seasoning; multiple BK’s not allowed. |
| Use of Funds | Working Capital |
| Debt Service Coverage Ratio | Not required, but business must show at least $1 in profit (NOI) on last filed tax return |
| Taxes Owed | All taxes must be current; including 941 payroll taxes, 1040 personal taxes and 1120 business taxes. |
| Closing Timeframe | 3 weeks |
| Loan Term | 10 Years |
| Loan Amount | $50,000 – $150,000. Loan amount is 33% of gross revenue on the last filed tax return up to maximum loan of $150,000 |
| Interest Rate | Prime + 3%, variable adjusting quarterly |
| Fees | 2% charged by LoanBud to client; 2% charged by Broker to client; $1,500 packaging fee charged by lender to client |
| Commission to Broker | 2%, paid by client |
| Documents Needed | |
| *required for initial pre-qualification submission |
|
How We Work
Initial Consultation
We start by understanding your financial needs and goals to recommend the best personal term loan options.
Loan Assessment
Our experts evaluate your financial profile, credit history, and loan requirements to find competitive rates tailored to you.
Application Assistance
We guide you through the application process, ensuring all paperwork is correctly completed for swift approval.
Loan Approval & Disbursement
Once approved, the loan amount is disbursed quickly to your bank account so you can put it to use immediately.
Why Choose Us for Personal Term Loans?
Competitive Interest Rates
We negotiate with multiple lenders to offer you the most affordable rates.
Transparent Fees
No hidden charges – you get clear terms upfront when the offer is presented.
Quick Approval Process
Our streamlined application and assessment process gets you funded faster.
Contact Us Today
Ready to take control of your finances? Contact us now at 732-231-5352 or complete our online form below to get started with a personalized term loan tailored to your needs.
