Business term funding provides a lump sum that you repay over a defined schedule. It can help fund a planned investment when you can reasonably forecast how the payments will fit your cash flow. Compare the full cost and obligations with the expected business benefit before borrowing.
Funding range
$10,000–$500,000 advertised program range. Your approved amount depends on underwriting.
Term options
6–60 months, depending on the available program and offer.
Revenue minimum
$25,000 in monthly business revenue is a starting requirement, not an approval guarantee.
Fixed and Variable Rates: Know the Difference
A fixed interest rate stays the same during the agreed term. A variable rate changes under the index, margin, reset dates and any caps specified in its agreement. A fixed rate alone does not establish the payment amount: frequency, fees, amortization and any final balloon payment also matter. Logic Advance publishes a $10,000–$500,000 program range with 6–60 month terms, subject to underwriting and availability. Ask which structures are currently offered and compare the written schedule with your business cash forecast.
Review the interest rate, applicable APR or cost disclosure, origination and closing charges, net funds received, total scheduled payments, late charges, and any security or guarantee. A longer term may reduce each payment while increasing total interest. The lowest payment is not necessarily the least expensive offer.
When Term Funding May Fit
Term funding can suit a defined expansion, renovation, inventory purchase, staffing investment or other permitted business expense with a repayment plan. Compare the expected benefit, time to generate cash and useful life of the investment with the funding term. For example, a location renovation requires a budget for construction and the operating cash needed before sales increase. Refinancing and other uses need specific approval; do not assume unrestricted use. Recurring operating losses need an operating plan as well as a funding discussion.
Starting Requirements and Documents
- At least one year in business and $25,000 in monthly revenue.
- A starting credit score guideline of 600; the complete credit and cash-flow review still matters.
- A U.S.-based business with an active business bank account and no active bankruptcy under the stated program guidelines.
- A signed application and four recent complete business bank statements (three months minimum).
Requested amounts, business history, industry, existing debt, and intended use affect the review. The team may request tax returns, financial statements, debt schedules, identification, or ownership records. Requirements and available terms can vary by program.
How to Apply and Review an Offer
- Start the application directly with Logic Advance using accurate business and contact details.
- Prepare four complete monthly statements, upload the three required months, and disclose existing funding obligations.
- Respond to verification requests and ask your contact for the next step.
- Compare the written offer's net proceeds, cost, repayment schedule, liens, guarantees, and early payoff terms.
- If you choose an offer, complete the signed agreement, final verification and any closing conditions. Confirm the deposit timing and first payment date. An application, preliminary decision or illustrative payment figure is not an approved commitment.
Compare Other Funding Structures
A business line of credit may suit recurring access needs; an equipment financing arrangement is tied to an equipment purchase. A merchant cash advance has a different contractual structure and cost presentation. A business credit card may suit smaller recurring purchases but has its own issuer application, limit, fees and payment rules. Government-backed programs are another category with separate eligibility and application channels. This merchant application requests the funding programs available through Logic Advance; it is not an application for a credit card or a government-backed program. Compare product fit, total cost and payment timing, not just the maximum amount.
Speak With a Financing Specialist
Use our contact page, call (800) 403-3170 or email apply@logicadvancegroup.com with your business name, requested amount, purpose and deadline. Published contact hours are Monday–Friday, 9AM–6PM Eastern. Have operating history, monthly revenue, existing obligations and four months of complete statements ready; three months are the application minimum. Ask about eligible structures, required records, provider and servicer, costs, security and the next review step. Use the approved application channel for financial documents.
From Planned Project to Final Payment, One Clear Schedule
Business term funding puts a lump sum of $10,000 to $500,000 in your business account, repaid on an agreed schedule over 6 to 60 months. The starting guidelines are at least one year in business, $25,000 in monthly revenue, and a credit score guideline of 600, with a U.S.-based business, an active business bank account, and no active bankruptcy. You apply with a signed application and four recent complete bank statements, three months at minimum, and the team may request tax returns, financial statements, or ownership records to complete the review.
Timing depends on how complete your file is, so confirm the deposit timing and first payment date before you sign, and compare the net amount you will actually receive against the total scheduled payments. Then picture the finished state: the renovation done, the expansion open, and a payment schedule you planned instead of one that surprised you. If banks slowed the project down and brokers added calls without adding answers, that search ends here. You found a funding team that reviews the whole picture, explains the written offer in plain terms, and keeps the next step clear from application to final payment. Every number that matters is in that written offer before you commit to anything.
The Complete File Gets the Clear Answer
A complete term funding file is a signed application plus four recent, complete business bank statements — three months at minimum — reviewed against published starting guidelines: at least one year in business, $25,000 in monthly revenue, and a credit score guideline of 600. Logic Advance publishes a $10,000 to $500,000 range over 6 to 60 months, and the written offer states the net amount you will receive, the total scheduled payments, and the first payment date before you sign anything. That is the logical side of term funding: one lump sum, one agreed schedule, and every number that matters in writing before you commit.
The other side is what that schedule buys back. The renovation, the second location, the key hire you keep postponing — a defined project stops depending on a bank's calendar or a broker's callbacks. Logic Advance is growing by funding owners on clear terms and by investing in the partners who send them business, and complete files move first because underwriting can see the whole picture at once instead of asking for it piece by piece. If a slow bank or an unhelpful broker already cost you a season, that search ends here: send the complete file, read one clear written offer, and get back to the project you planned.
Build the Payment Into the Project Budget, Not Around It
Term funding works when the payment is built into the project budget from the start, not fitted around whatever cash remains afterward. Take the project apart first: the purchase or build cost, the operating cash the business needs while the project ramps, and a reserve for the month something runs late. This page's cost check shows why net proceeds matter more than the headline amount: a $50,000 principal with a $1,000 fee deducted at closing delivers $49,000 before any other deductions. Size the request to the full project cost, compare the total scheduled payments against the amount actually received, and choose a term inside the published 6 to 60 month range that your average month can carry, and revisit the choice if the project scope changes before you sign.
The starting guidelines are published plainly: at least one year in business, $25,000 in monthly revenue, and a credit score guideline of 600, with funding from $10,000 to $500,000 subject to underwriting. You apply with a signed application and four recent complete bank statements, three months at minimum, and the written offer states the net amount, the total scheduled payments, and the first payment date before you sign. Logic Advance is growing by funding owners on clear terms and investing in the partners who send them. If a bank slowed your project or a broker added calls without answers, that search ends here: one lump sum, one schedule you planned, and the renovation, expansion, or key hire finally underway.
Line Up the Payment Dates With Your Revenue Dates
The best term funding offer is not the one with the smallest payment. It is the one whose payment dates land right after your revenue lands. Logic Advance publishes term funding from $10,000 to $500,000 over 6 to 60 months, and the written offer states the first payment date before you sign, so you can set that date against the days your customers actually pay you. A payment that leaves the account two days before your largest deposits arrive creates a squeeze every single cycle. The same payment, set two days after those deposits, is simply a line in the budget you planned.
Run the alignment test on your own calendar before you accept any offer. Mark your three largest recurring deposit days, your payroll dates, and your rent day, then lay the proposed payment dates across the same month, including your slowest normal week. The starting guidelines stay plain: at least one year in business, $25,000 in monthly revenue, and a credit score guideline of 600, on a signed application and four recent complete bank statements, three months at minimum. If the rate is variable, ask how the payment can change under the index, margin, and reset dates in the agreement, because an aligned date only helps if the amount stays predictable. Logic Advance is growing by funding owners on clear written terms and investing in the partners who send them. If a bank made you fit its calendar or a broker never asked when your money arrives, that search ends here: line the dates up once, and every payment lands as a planned step toward the finished project, not a surprise in the middle of it.
Frequently Asked Questions
What is business term funding?
It provides a lump sum repaid on an agreed schedule over a defined term. The agreement specifies interest, fees, payment frequency, security obligations, and other conditions.
What amounts and terms are available?
The advertised program range is $10,000 to $500,000 over 6 to 60 months. An actual offer depends on underwriting and current program availability.
What is the minimum monthly revenue?
The starting monthly business revenue requirement is $25,000. Meeting this or another minimum does not guarantee approval.
Which documents should I prepare?
Prepare a signed application and four recent complete business bank statements (three months minimum). Additional records, identification, ownership information, or verification may be requested. Use the team's approved secure channel for financial documents.
Can I repay early without a penalty?
Check the specific agreement for prepayment charges, minimum interest, and payoff calculations. Ask for a written payoff quote; early payment does not always reduce every cost.
Is collateral or a personal guarantee required?
That depends on the program and underwriting. Review any lien, collateral, personal guarantee, and default provisions before signing.
Will applying affect my credit?
Ask which business or personal credit checks are required and when. A soft inquiry and a hard inquiry have different effects; do not assume every stage is a soft check.
How quickly will I receive funds?
Timing depends on the completeness of the file, underwriting, closing conditions, and payment processing. Ask your contact for an estimate for your file; approval or same-day funding is not guaranteed.
Does term funding automatically build business credit?
Credit impact depends on reporting practices and payment history. Ask whether the provider reports to business credit bureaus; no score increase is guaranteed.
What if my application is declined?
Ask which issue can be clarified and whether additional genuine records or a different product could support a new review. Avoid repeated borrowing applications without understanding the reason for the outcome.
How do term funding payments work?
Your agreement sets the payment amount, how often payments are due, and the first payment date before you sign. Payments follow that fixed schedule for the full term, and many offers collect payments by authorized debit from your business bank account. Before accepting, match the payment amount and frequency against your cash forecast, and confirm what happens if a payment date falls on a weekend or holiday.
Who is a good fit for business term funding?
Term funding tends to fit an established business with a defined project, such as an expansion, renovation, or planned purchase, and revenue that can support a fixed schedule. The starting guidelines are at least one year in business, $25,000 in monthly revenue, and a credit score guideline of 600, with the complete revenue and cash-flow review still deciding the outcome. If the expense has a clear budget and payoff timeline, term funding is usually the structure to compare first.
How much term funding should I apply for?
Apply for the amount your project budget actually requires, plus a sensible cushion for the operating cash you will need before the investment pays off. Remember to compare the net amount you will receive after any closing deductions with the total you will repay. Requesting the maximum available amount increases every payment, so a request tied to a written budget is easier to approve and easier to repay.
How can I speed up a term funding decision?
Submit a complete file at the start: an accurate application and four complete months of business bank statements, even though three months is the minimum. Disclose existing funding obligations up front, respond quickly to verification requests, and make sure business and ownership details match across your documents. Incomplete statements and unanswered verification questions are the most common reasons a review slows down.
What should I check about collateral in a term funding offer?
If an offer includes collateral, confirm exactly which business assets it covers, whether the filing is limited to a specific asset or broader, and how the obligation is released once you pay in full. Also check whether a personal guarantee is included alongside any collateral, because the two are separate obligations. Get the security terms in the written agreement, not just in a verbal summary, before you sign.
Does my credit score decide my term funding application on its own?
No. The starting credit guideline is 600, but underwriting also weighs revenue, cash-flow patterns, time in business, existing obligations, and the purpose of the funding. A score above the guideline does not guarantee approval, and a file with strong, steady revenue can present better than the score alone suggests. Ask which factors mattered most if you want to strengthen a future application.
What happens after I apply for business term funding?
The team reviews your signed application and bank statements, and may request verification or additional records before presenting a written offer. You then compare the net proceeds, total cost, payment schedule, and any security or guarantee, complete the signed agreement and closing conditions, and confirm the deposit timing and first payment date.
How long do I need to be in business to qualify for term funding?
The starting guideline is at least one year in business, alongside $25,000 in monthly revenue and a credit score guideline of 600. Meeting those starting points does not guarantee approval, because underwriting also weighs cash-flow patterns, existing obligations, and the purpose of the funding before an offer is made.
What is the difference between the amount I request and the net amount I receive?
The net amount is what reaches your account after any closing deductions. This page gives an example: a $50,000 principal with a $1,000 fee deducted at closing delivers $49,000 before any other deductions. Compare every offer on the net amount you receive and the total you will repay, not on the headline amount alone.
What should I confirm before I sign a term funding agreement?
Confirm the net funds you will receive, the total scheduled payments, the payment frequency, and the first payment date. Check any lien, collateral, or personal guarantee, the early payoff terms, and what happens if a payment date falls on a weekend or holiday. Get each answer in the written agreement, not only in a verbal summary.
What if I already have other business funding when I apply?
Disclose every existing funding obligation with your application, including balances and payment schedules. Underwriting weighs existing debt alongside your revenue, cash flow, and the purpose of the new funding, so a complete and honest picture gives the review the best chance of reaching a clear answer.
Can I apply for term funding again as my business grows?
Yes. A later application is a new review based on your business at that time, including current revenue, cash flow, time in business, and existing obligations. Keeping payments on schedule and applying with a defined project and a written budget gives the new review the clearest picture of what the funding will do.
Can I choose a shorter or longer repayment term?
The published range runs from 6 to 60 months, and your written offer specifies the term for your agreement. A shorter term means larger scheduled payments over fewer months; a longer term spreads the same project over more payments. Compare the payment amount and the total scheduled payments side by side in the offer, and choose the schedule your cash flow can carry in a slow month, not just a good one.
What is the difference between the principal and the total amount I repay?
The principal is the funded amount in your agreement; the total you repay also reflects the interest, fees, and other conditions the agreement specifies. The page's own example shows why the net figure matters: a $50,000 principal with a $1,000 fee deducted at closing puts $49,000 in your account before any other deductions. Your written offer states the net amount and the total scheduled payments, so read those two numbers together before signing.
Can I use term funding for more than one project at the same time?
Yes — present both projects as one written budget with your application. Term funding is a single lump sum repaid on one schedule, so itemizing the renovation and the equipment, or the build-out and the opening inventory, helps underwriting see exactly what the funding will do. A defined plan with real numbers gets a clearer review than a round request with no breakdown behind it.
What if my revenue changes during the term?
Your payments stay on the agreed schedule in your agreement — term funding does not adjust itself month to month the way a revolving line can. That predictability is the point of the product, and it is also why the term should be chosen against your slower months. If your cash flow changes materially, contact the team early at the published number rather than waiting for a payment problem.
Do I need a business plan to apply for term funding?
A formal business plan is not in the published document list. You apply with a signed application and four recent complete bank statements, three months at minimum, and the team may request tax returns, financial statements, or ownership records. A short written project budget still helps: earlier answers on this page note that applying with a defined project and a written budget gives the review the clearest picture of what the funding will do.
Can I apply for term funding if my business is seasonal?
Yes. Send complete statements that show your full annual cycle, not only your busiest months, so underwriting sees the strong season and the slow season together. The starting guidelines still apply — at least one year in business, $25,000 in monthly revenue, and a credit score guideline of 600 — and meeting them does not guarantee approval. A schedule sized to your average month, rather than your best month, is the safer fit for seasonal revenue.
How do I pick a term length that fits my project?
Match the term to how long the project takes to pay for itself. A renovation that lifts revenue for years can carry a longer term, while a short-lived purchase should retire sooner. Remember the tradeoff on this page: a longer term may reduce each payment while increasing total interest, so the lowest payment is not necessarily the least expensive offer. Test the payment against an average month, not your best month.
What is the difference between the payment amount and the total cost?
The payment amount is what leaves your account on each scheduled date. The total cost is every payment added together, plus fees and other charges in your agreement, compared against the net amount you actually receive. This page's example shows the gap clearly: a $50,000 principal with a $1,000 fee deducted at closing delivers $49,000. Compare offers on total cost and net proceeds, not on the payment alone.
Can I make extra payments during the term?
Ask before you sign. Check the specific agreement for prepayment charges, minimum interest, and how a payoff amount is calculated, because early payment does not always reduce every cost. If you expect a strong season to free up cash, raise it during the review and ask for a written payoff quote before making any extra payment, so the benefit is confirmed rather than assumed.
What should I prepare before asking for a larger amount?
Bring the project budget behind the number: what the money buys, what it costs in full, and when it starts producing revenue or savings. Have four recent complete bank statements ready, three months at minimum, plus any tax returns, financial statements, or debt schedules the team requests. Larger requests are weighed against revenue, existing obligations, and the plan itself, so a priced project reviews better than a rounded figure.
How soon should I apply before a project start date?
Apply while the start date is still ahead of you, with the complete file ready at the beginning. Timing depends on how complete the file is, underwriting, closing conditions, and payment processing, so confirm the deposit timing and first payment date before you commit to contractors or vendors. Applying early turns funding into one planned step in the project instead of the delay that moves every other date.
What if a project costs less than expected after funding?
Tell the team and check your agreement before redirecting the difference. Some uses require specific approval, and refinancing or other purposes are not automatically permitted. If the lower cost frees up cash, ask how an extra payment would be treated under your agreement, including any prepayment terms, and get the answer in writing. The schedule you signed still governs until the team confirms a change.
Should I set my first payment date after my biggest revenue day?
If your agreement allows a choice, yes. The written offer states the first payment date before you sign, so compare it with the days your largest deposits normally arrive. A first payment set just after reliable revenue lands is easier to carry than the same payment set just before it, and the pattern you establish with the first payment usually repeats for the whole schedule.
What if my project starts before the funding arrives?
Apply earlier than feels necessary. This page advises confirming the deposit timing and first payment date before you commit to contractors or vendors, because timing depends on how complete your file is, underwriting, and closing conditions. Sending a signed application and four complete bank statements at the start gives the review its best chance to finish before your project's first bill does.
Can a longer term ever be the smarter choice if it costs more overall?
It can, and this page states the trade openly: a longer term may reduce each payment while increasing total interest. If the smaller payment protects payroll and operating cash while the project ramps, the longer term can be the safer structure. Compare the total scheduled payments against the amount you actually receive, and choose with both numbers in view, not the payment alone.
How do I test a term funding payment against my slowest month?
Use your slowest normal month, not your average one. Lay the proposed payment dates across that month's deposit pattern, after payroll, rent, and existing obligations have taken their share. If the payment still fits with a margin you can live with, the schedule is honest. If it only fits in your best month, ask about a different term inside the published 6 to 60 month range before you sign.
What should I do if a vendor needs a deposit before my project start date?
Tell the team the date when you apply, not after you are approved. A vendor deposit deadline is part of the project's timing, and the review can only plan around dates it knows. Bring the vendor's quote or invoice, state the deposit amount and its due date, and confirm the expected deposit timing of your funding against it before you promise the vendor anything.
Does my payment stay the same if my rate is variable?
Not necessarily. This page explains that a variable rate changes under the index, margin, reset dates, and any caps written into its agreement, while a fixed rate stays the same during the agreed term. Before you sign, ask which structure your offer carries, when a variable payment could change, and what the largest payment could become, then test that larger figure against your slowest month.
Availability, pricing, approval, and funding timing depend on the program and underwriting. Review your written offer and agreement before accepting financing.