Capital & Term Loans
Our business loan options come with friendly, knowledgeable service and fast decisions
Call us at 800-341-9911 ext. #3001
Business Loan Basics
Capital and term loans are some of the most common types of business loans. These traditional business loans provide a lump sum of cash right away for your business needs. Your business makes principal and interest payments over time until the amount is paid, months or even years later.
When To Use Capital & Term Loans
A business term or capital loan can be a good way to stretch the cost of a large business expense over several years. You can upgrade your business, add a production line, or establish a new expansion today and repay over time. You can also use business term loans to purchase vehicles and equipment, giving your business the tools it needs to succeed.
Not Just For Big Businesses
People often think of term loans as being exclusively for large businesses, but they can also be an attractive option for smaller businesses. Having the up-front funds necessary to launch and then being able to make payments over time can be a welcome benefit when beginning a small business venture.
Our Team Is Here For You
We love working with businesses and being part of their story. Complete our online application or connect with our expert business lending team to get started on your capital or term loan today! You can count on Royal to provide friendly service, low origination costs, and quick lending decisions.
Business Member Story
Frequently Asked Questions
What are capital and term loans at Royal Credit Union?
Capital and term loans are some of the most common types of business loans. These traditional business loans provide a lump sum of cash right away for your business needs. Your business then makes principal and interest payments over time until the amount is paid, which can span months or even years.
When should I consider a business term or capital loan?
A business term or capital loan can be a good way to stretch the cost of a large business expense over several years. You can upgrade your business, add a production line, or establish a new expansion today and repay over time. You can also use business term loans to purchase vehicles and equipment, giving your business the tools it needs to succeed.
Are capital and term loans only for large businesses?
No. People often think of term loans as being exclusively for large businesses, but they can also be an attractive option for smaller businesses. Having the up-front funds necessary to launch or grow a small business and then being able to make payments over time can be a welcome benefit for business owners.
What kind of service can I expect with a Royal Credit Union term loan?
Royal provides friendly, knowledgeable service and fast decisions on capital and term loans with low origination costs and quick lending decisions.
When is a capital or term loan a better option than a line of credit?
A capital or term loan is ideal when your business has a specific, one-time expense to finance, such as purchasing equipment, adding a production line, or funding an expansion. It provides a lump sum up front with a structured repayment schedule. Royal’s business line of credit is better suited for ongoing, short-term cash flow needs where you borrow and repay repeatedly. If you know the exact amount you need and want to spread the cost over a set period, a term loan is typically the better fit.
