Slide to Apply

Term Loan

Term loans are a great way for a business to obtain capital in a lump sum with the peace of mind knowing that the terms on the monies borrowed are set to a fixed rate and a set term for repayment.

Disclaimer: These are general qualifications. Other information might be considered during your application.
What is Term Loan? detail-img

A traditional term loan is a lump sum of cash you pay back, plus interest, over a fixed period of time.

What Do I Need to Qualify with Orumfy? detail-img

2+ years in business 600+ credit score $75,000+ in annual revenue

How Do I Apply? detail-img

Apply for Term Loan Here

Dan Debelis “statement about help” send my questions

Overview

Overview

The most common way to obtain working capital for your business has traditionally been taking a term loan from your local bank.

Unfortunately, in this financial climate it’s hard to get approved by your local bank. The process also can be very time consuming, due to the complex policies banks have in place.

A term loan is a great way for a business to obtain working capital in a lump sum with the peace of mind knowing that the terms on the monies borrowed are set to a fixed rate and a set term for repayment.

At Orumfy we streamline the process by not asking for tons of paperwork and by getting you the working capital as quickly as possible so you can do what you do best, run your business.

Maximum Advance Amount
img
$25,000 to $500,000
Term
img
1 - 5 years
Factor Fee
img
7 - 30%
Speed
img
As little as 2 days

Term Loan Types

The two common Term Loan types are Short-Term Loan and Medium-Term Loan

In this section, we will be covering everything related to Medium-Term Loan.

If you would like to learn more about the Short Term Loans Orumfy offers please click on the link www.orumfy.com/short-term-loans

  • product-img
    Maximum Loan Amount $25,000 to $500,000
  • product-img
    Term 1 - 5 years
  • product-img
    Factor Fee 7 - 30%
  • product-img
    Speed As little as 2 days

Term Loan Types

The two common Term Loan types are Short-Term Loan and Medium-Term Loan

In this section, we will be covering everything related to Medium-Term Loan.

If you would like to learn more about the Short Term Loans Orumfy offers please click on the link www.orumfy.com/short-term-loans

How it can help your business?

How a Term Loan can help your business?

One of the main advantages of Medium-Term Loan, is predictability. There’s nothing unexpected. You know exactly what you’re getting into, terms and rates are fixed.

A term Loan can help you with:

  • Purchasing Inventory
  • New Web Presence
  • Marketing and Advertising
  • Renovations
  • Purchasing of Equipment
  • Overtaking the competition

One of the main advantages of Medium Term Loans over a Short Term Loans is lower monthly payments with longer payment terms.

Grow your business with Orumfy today! lets get started

Things to Consider

Things to Consider

Old fashioned traditional Medium Term Loan usually issued by banks, is an amortized type of loan, meaning your monthly payment doesn’t go proportionally towards your principal and interest. Instead, it works just like a mortgage would: the amount of principal applied to the term loan starts out small, and increases with each payment.

Simply put, at the beginning of the loan, most of your monthly payment is applied towards the interest, and with the later payments, most of it finally being applied towards the principal borrowed. That way, even if you pay off your loan early and get the rest of the interest forgiven, you’ve still paid most of it to the bank.

Most banks also enforce a prepayment penalty.

Orumfy changed all that.

We offer our qualified customers a Medium Term Loan without any amortization, and without any prepayment penalties.

You'll get the money in your account and enjoy predictability with fixed, low monthly payments that will not only prevent you from facing cash flow crunches but will also build your business credit without any of the outdated lending practices employed by traditional banks.

How do you qualify for a Medium-Term Loan?

How Do You Qualify for a Medium-Term Loan?

If you have been in business for more than 2 years all you need to qualify for a Medium-Term Loan are:

  • At least $75,000 in annual sales
  • No recent bankruptcies or tax liens
  • Own at least 20% of your business
  • At least fair or better personal credit

How does it work?

How does it work?

If you are one of the millions of business owners who want to grow their business, not worry about cash flow, and thought about taking out a business loan in order to achieve that, you probably thought of a Medium-Term Loan, since it has been the most common type of small business loans out there offered by traditional banks.

Simply put, they’re all about predictability and cash flow management.

You get a predetermined amount of money with a fixed interest rate. Then you pay that cash back over an agreed-upon amount of time in regular intervals and increments.

When it comes to a Medium Term Loan, there’s nothing unexpected. You know exactly what you’re getting into.

Unlike traditional banks Orumfy streamlines the application process, and gets you approved and funded in under 24 hrs.

Simply complete our online application, provide the necessary documents and let the team at Orumfy do the rest.

Cost and Term

  • Repayment Term 1-5 years (means lower monthly payments)
  • Type of Rate Fixed interest rate simple and transparent
  • Origination Fee 0.99%-6.99%
  • Early Pay-Off $0. You can eliminate interest costs by paying off at any time
  • Monthly Payments $227 - $1,000 per $10,000 borrowed
  • Total Annualized Rate 7.77% - 35.11%

Cost and Terms

Repayment Term 1-5 years (means lower monthly payments)
Type of Rate Fixed interest rate simple and transparent
Origination Fee 0.99%-6.99%
Early Pay-Off $0. You can eliminate interest costs by paying off at any time
Monthly Payments $227 - $1,000 per $10,000 borrowed
Total Annualized Rate 7.77% - 35.11%

There are many different types of lending options to consider whether you are looking to grow your business or just need to address a cash flow crunch. Let Orumfy help you choose the right one for you.

Best Industries for
Small Business Loans

industry-img
Small Business Loans for HealthCare Working Capital for Medical Professionals
industry-img
Small Business Loans for Restaurants Working capital for the Food Industry
industry-img
Small Business Loans for Commercial Fishing Working capital for the Fishing Industry
industry-img
Small Business Loans for Auto Working capital for the Automotive Industry
industry-img
Small Business Loans for Food Trucking Businesses Working capital for Street Vendors
industry-img
Small Business Loans for Retail Businesses Working capital for Local Retailers
industry-img
Small Business Loans for Contractors Working capital for the Construction Industry
industry-img
Small Business Loans for Trucking Companies Working capital for the Logistics Industry
industry-img
Small Business Loans for Grocery Stores Working capital for the Local Businesses
industry-img
Small Business loans for Dental Offices Working capital for Dentists
industry-img
Small Business Loans for Service Businesses Working capital for the Consulting Industry
industry-img
Small Business Loans for Fitness Centers Working capital for the Local Gym & Yoga Studios

Industries Orumfy has helped to obtain Small Business Loans

industry-img
Small Business Loans for HealthCare Working Capital for Medical Professionals
industry-img
Small Business Loans for Trucking Companies Working capital for the Logistics Industry
industry-img
Small Business Loans for Restaurants Working capital for the Food Industry
industry-img
Small Business Loans for Grocery Stores Working capital for the Local Businesses
industry-img
Small Business Loans for Commercial Fishing Working capital for the Fishing Industry
industry-img
Small Business loans for Dental Offices Working capital for Dentists
industry-img
Small Business Loans for Auto Working capital for the Automotive Industry
industry-img
Small Business Loans for Retail Businesses Working capital for Local Retailers
industry-img
Small Business Loans for Food Trucking Businesses Working capital for Street Vendors
industry-img
Small Business Loans for Service Businesses Working capital for the Consulting Industry
industry-img
Small Business Loans for Contractors Working capital for the Construction Industry
industry-img
Small Business Loans for Fitness Centers Working capital for the Local Gym & Yoga Studios
Apply to see what is Your small business loan options today!
advice-img
Need an advice or have a question?
Let's get started