MAGA Funds - Term Loans

What is a Business Term Loan?

A Business Term Loan is the most traditional type of small business loan. It involves receiving a one-time lump sum of capital that is repaid at a fixed rate over a set period. Business owners typically use these funds for major capital investments in their business.

Maximum Loan Amount

$20K to $1M

Funding Term

12-36 Months

Rates

Starting at 5.5%

Speed

Funding within 24-72 Hours

No Application Fees, No Hidden Fees, No Out of Pocket Costs- only at MAGA Funds!

HOW TO APPLY

Business term loans have traditionally been offered by banks, resulting in a longer approval process due to the high standards applicants must meet. Banks typically seek business owners with strong business credit scores, high personal FICO/credit scores, and positive business cash flow. These loans are usually utilized for long-term investments such as business expansion, property acquisition, or purchasing expensive equipment.

REQUIRED DOCS
  • Driver’s License
  • Voided Business Check
  • Bank Statements
  • Income Statements
  • Personal Credit Score
  • Business Credit Report
  • Business and Personal Tax Returns
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