Commercial Term Loans in Massachusetts

A commercial term loan is a business loan funded in a lump sum and repaid over a set period with scheduled payments. Franklin Financing Services offers business term loans from $20,000 to $500,000, with repayment terms generally up to one to four years. These loans are commonly used for working capital, expansion, equipment, refinancing, inventory, or other business growth needs.

Eligible business term loan amounts through Franklin Financing Services typically range from $20,000 to $500,000. The FAST TRACK program may provide $20,000 to $100,000 using a streamlined application and the last four months of bank statements. Final funding depends on business performance, industry, documentation, credit profile, and lender criteria.

For eligible FAST TRACK loans, an answer may be available in 24 to 48 hours, and funding can follow shortly after approval. Some business term loan programs can fund in as little as three days. Larger or more complex requests, such as SBA-backed financing or debt restructuring, may require additional underwriting and documentation before closing.

Initial requirements vary by program. FAST TRACK loans may need a completed application and the last four months of bank statements. Other programs may request financial statements, tax returns, debt schedules, revenue details, projections, or industry-specific documentation. Franklin Financing Services helps identify the most appropriate documents based on the loan type and funding amount.

Yes. Franklin Financing Services works with businesses that may not qualify for traditional bank financing and offers options for companies facing poor credit, late payments, or prior bank turndowns. Approval is not guaranteed, but the company’s lender relationships and broad financing menu can help identify alternatives beyond conventional bank underwriting.

Commercial term loan proceeds can be used for many legitimate business purposes, including working capital, expansion, equipment purchases, inventory, leasehold improvements, debt consolidation, and business acquisition support. Franklin Financing Services also offers specialized solutions for restaurants, healthcare practices, construction companies, real estate investors, professional services, and other small to medium-sized businesses.

A term loan usually has a fixed repayment schedule over a defined period, while a revenue-based financing structure collects a pre-established percentage of monthly revenue until the obligation is repaid. Revenue-based financing may be helpful for businesses with predictable but fluctuating sales because payments can be smaller during slower months and larger during stronger months.

Franklin Financing Services supports many Massachusetts small and medium-sized businesses, including restaurants, gas stations, convenience stores, dry cleaners, healthcare practices, pet care companies, CPAs, lawyers, engineers, hotels, manufacturers, and agricultural businesses. Some industries cannot be funded under certain programs, including banks, insurance carriers, money service businesses, adult entertainment, marijuana-related businesses, online gambling, and government entities.