Elite Finance Team

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.

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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

Construction and Heavy Equipment Financing

Fixed Monthly Payments

Manage your budget easily with predictable repayment amounts.

Manufacturing and Production Machinery Financing

No Collateral Required

Most personal term loans are unsecured, so your assets remain safe.

Medical and Professional Equipment Financing

Use Funds for Any Purpose

Whether it’s home improvements, medical expenses, or travel, you decide how to use the funds.

Office Technology and IT Systems Financing

Improve Credit Score

Timely repayments can help boost your credit rating.

Get Funded Quickly

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
  • *Business Tax Returns – most recent 2 years
  • *Personal Tax Returns – most recent 2 years
  • *Drivers License or Passport
  • Personal Financial Statement (Form 413)
  • SS-4 Letter from IRS confirming EIN
  • SBA 1919 Form
  • Articles of Incorporation / Organization
  • Operating Agreement or Bylaws
  • Voided Check
  • Business license, if required
  • Spouse email address if married

How We Work

Apply In Minutes

Initial Consultation

We start by understanding your financial needs and goals to recommend the best personal term loan options.

Elite Experience

Loan Assessment

Our experts evaluate your financial profile, credit history, and loan requirements to find competitive rates tailored to you.

Customize

Application Assistance

We guide you through the application process, ensuring all paperwork is correctly completed for swift approval.

Get Funded

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?

Flexible Financing

Competitive Interest Rates

We negotiate with multiple lenders to offer you the most affordable rates.

Quick Access to Cash

Transparent Fees

No hidden charges – you get clear terms upfront when the offer is presented.

Expert Support

Quick Approval Process

Our streamlined application and assessment process gets you funded faster.

What Our Customers Say

EXCELLENT
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Based on 69 reviews
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Deana H profile picture
Deana H
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
The whole team over at Elite Finance has been instrumental in the growth of business over the last 2 years. I've grown my business from a single location to 3 locations in that time. Amir's insight was absolutely pivotal, he always takes the time to listen so he has a deep understanding of my situation and then does his magic to let me know the benefits of each loan option. He consistently checks in and makes sure everything is going well and is easy to get a hold of on the phone. Very professional, very communicative
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Dayneliz M profile picture
Dayneliz M
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
Impressed with this companies customer service. I used them for an SBA-7a and the process was very straightfoward. I recommend Elite Finance to all small business owners in need of business capital
Posted on Google Google
Joe profile picture
Joe
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
I had an excellent experience partnering with Elite Finance to secure financing for my business. In working with Amir, his depth of knowledge in business lending was shown in every step of the process. What stood out most to me is that he truly took the time to understand my specific needs and financial situation, I wasn't made to feel like "just another client". Amir and his team's communication skills were exemplary, I was kept informed throughout the entire process. I cannot recommend Elite Finance highly enough to anyone needing business financing, this is a textbook example of what a lending company should be!
Posted on Google Google
Grant S profile picture
Grant S
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
I was impressed at how knowledgable everyone at Elite Finance was. I’ve worked with some business financing companies before and the difference is night and day. They broke down what I realistically qualified for and the pros and cons of each one, then didn’t pressure me and let me decide what was best for my business. 5/5 stars.
Posted on Google Google
Jind K profile picture
Jind K
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
Amir was extremely helpful in securing funding for my company, in record time and beat deadlines. He spent time explaining the difference between each loan that enabled me to make informed decisions. Thank you, Amir, for walking me thru these difficult decisions.
Posted on Google Google
Joalbert profile picture
Joalbert
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
After getting the same offers over and over from different lenders, Amir was the first person who actually brought me something new. He got me products I had never even heard of before, including a flex term loan that even has a line of credit period built into it. This guy is a wizard at what he does, and more importantly, he’s honest. Highly Recommend for business funding
Posted on Google Google
Joao L profile picture
Joao L
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
It really was a breathe of fresh air working with Amir. I’ve had some negative experience in the past trying to find business funding, but from the very first call I could tell Amir was transparent and experienced. He seemed to genuinely have my best interest in mind and did not just push just any offers on me. He took time to understand my goals and got me an offer that made sense. The actual process was super smooth and their communication was always on point. I’d highly recommend Elite Finance Team to anybody who’s looking for money for their biz.
Posted on Google Google
Synchronicities L profile picture
Synchronicities L
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
Highly recommended!! Amir was honest, professional, and extremely patient and willing to explain the things thoroughly, which allowed time and processing for me to make the decisions that were best for my business. Absolutely not the typical experience we all tend to have with the lending industry. I highly recommend Amir and the team he works with!
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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.

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