Term Loans
Fixed payments, predictable terms, capital you can plan around.
Traditional term loans with non-traditional speed. Fixed monthly payments, clear terms, and funding in 24 hours, without the 60-day bank approval process.
- Range
- $500K
- Terms
- 6–36 months
- Speed
- 24–48 hours
- Min FICO
- 550+
The short answer
How do business term loans from ICG work?
Traditional term loans with non-traditional speed. Fixed monthly payments, clear terms, and funding in 24 hours, without the 60-day bank approval process.
- Range
- $500K
- Terms
- 6–36 months
- Speed
- 24–48 hours
- Min FICO
- 550+
- Min revenue
- $20K/mo
Last updated 2026-06-24
How it works
One application, three honest steps.
The same process powers every ICG product. Term Loans adds nothing extra. See the full walkthrough →
Step 01
Apply
Three minutes online. No documents required to start. Soft credit pull only.
Step 02
Review
One ICG team underwrites your file against term loans criteria. You get a decision and indicative terms.
Step 03
Fund
Sign electronically. Funds wire to your operating account, typically within 24 hours of approval.
Who it’s for
Built for businesses that fit term loans.
If these four lines describe your business, you very likely qualify.
Eligibility snapshot
- Time in business
- 6 months or more
- Monthly revenue
- $20K/mo
- Personal credit
- 550+
- Funding speed
- 24–48 hours
Common use cases
Business Expansion
Open a second location, hire staff, or enter a new market.
Major Equipment Purchase
Buy the equipment you need with predictable monthly payments.
Debt Consolidation
Consolidate multiple high-cost debts into one manageable payment.
Renovation & Build-Out
Fund construction, renovation, or space improvements.
Compare
Term Loans sits next to four other products.
One application routes you to the product that actually fits. Full side-by-side comparison →
| Product | Range | Speed | Best for |
|---|---|---|---|
| Term LoansYou are here | $500K | 24–48 hours | Business Expansion |
| Revenue Funding | $500K | 24 hours | Emergency Payroll |
| Line of Credit | $250K | 24 hours | Seasonal Cash Flow |
| Bridge Capital | $500K | 24 hours | Real Estate Deposits |
| SBA Loans | $5M | 30–60 days | Business Acquisition |
| BCA | $500K | 24–48 hours | Card-Heavy Retail & Restaurants |
FAQs about Term Loans
The questions we hear most.
01What is the interest rate?
What is the interest rate?
Rates start at 8% APR and vary based on your credit profile, time in business, and revenue. Your specific rate is presented in your offer before you commit.
02Are there prepayment penalties?
Are there prepayment penalties?
Most ICG term loans have no prepayment penalty. You can pay off your balance early and save on interest.
03How long does approval take?
How long does approval take?
Most applicants receive an offer within 4–6 hours of submitting a complete application. Funding follows within 24–48 hours of acceptance.
04Do I need collateral?
Do I need collateral?
Collateral is not required for most term loans under $250K. Larger amounts may require a general lien on business assets.
By state
Available in every state we fund.
Each state page covers the local commercial financing disclosure rules, the SBA district office, and where to file UCCs for term loans.
- AlabamaAL
- AlaskaAK
- ArizonaAZ
- ArkansasAR
- CaliforniaCA
- ColoradoCO
- ConnecticutCT
- DelawareDE
- Washington, D.C.DC
- FloridaFL
- GeorgiaGA
- HawaiiHI
- IdahoID
- IllinoisIL
- IndianaIN
- IowaIA
- KansasKS
- KentuckyKY
- LouisianaLA
- MaineME
- MarylandMD
- MassachusettsMA
- MichiganMI
- MinnesotaMN
- MississippiMS
- MissouriMO
- MontanaMT
- NebraskaNE
- NevadaNV
- New HampshireNH
- New JerseyNJ
- New MexicoNM
- New YorkNY
- North CarolinaNC
- North DakotaND
- OhioOH
- OklahomaOK
- OregonOR
- PennsylvaniaPA
- Rhode IslandRI
- South CarolinaSC
- South DakotaSD
- TennesseeTN
- TexasTX
- UtahUT
- VermontVT
- VirginiaVA
- WashingtonWA
- West VirginiaWV
- WisconsinWI
- WyomingWY
By industry
Built for your industry.
Industry-specific cash-flow patterns, qualification realities, and how term loans fits each one.
Ready when you are
Apply for Term Loans. Get an answer today.
Three minutes. Soft credit pull. One ICG team from application to wire.