top of page


What Is a Term Loan?

A term loan provides borrowers with a lump sum of cash upfront in exchange for specific borrowing terms. Term loans are normally meant for established small businesses with sound financial statements. In exchange for a specified amount of cash, the borrower agrees to a certain repayment schedule with a fixed or floating interest rate. Term loans may require substantial down payments to reduce the payment amounts and the total cost of the loan.

What Is a Line of Credit (LOC)?

A line of credit (LOC) is a preset borrowing limit that can be tapped into at any time. The borrower can take money out as needed until the limit is reached. As money is repaid, it can be borrowed again in the case of an open line of credit.

An LOC is an arrangement between a financial institution—usually a bank—and a customer that establishes the maximum loan amount that the customer can borrow. The borrower can access funds from the LOC at any time as long as they do not exceed the maximum amount (or credit limit) set in the agreement.

Rates range from 8.9% - 12.6% APR*

No Upfront Fees

Funds in just 10-14 business days

Rate ranges already include a one-time success fee*

Fixed Monthly Payment

Approvals have been averaging ~$200k per qualified file during our 30-day trial period.  Approval rates have been above 70% for qualified applicants.


Requirements To Apply:

FICO: 660 minimum with all 3 bureaus

Time in Business: 2 years minimum

Industries:  All Good EXCEPT 🚫No Cannabis Related and 🚫No Trucking

MUST be in one of the following states: CT, DE, FL, KY, LA, MD, MA, NH, NJ, NY, NC, OH, OK, PA, RI, SC, TN, TX, VT, VA, DC.

Annual Revenues: $250k minimum last 2 years

  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • WhatsApp

© 2022 Amerishop Financial Services & Advisors LLC -  Terms & Privacy Policy

bottom of page