Small Business Term Loans

Fixed Monthly Payments

 Our Business Term Loans offer a different range of funding and longer terms than our Working Capital Loans. They come with higher approval standards, though they remain more attainable than traditional bank financing for small businesses. 

How Small Business Term Loans Works – It’s Really Simple:


We’ll approve you for the maximum loan for which your business qualifies. Take as much of that as you can actively use now – and know that the additional funding is there if and when you need it.

You also have the ability to pay in excess funds to reduce your balance, or request an additional draw if you need the extra funding – as you need. Once again, you will only pay fees on the money you have actually accessed.

This allows you the freedom to manage your funding as you wish – and this flexibility means that you can react to changes in your business circumstances as they occur. You’ll have the comfort of knowing that Mulligan is always available to provide you with what you need, when you need it.

When to consider Business Term Loans


 Are you looking for $50,000 to $350,000 with terms ranging from 12 to 36 months and no prepayment penalty? Business Term Loans are particularly well-suited for business owners looking to: 

Having a big sale, on-site celebrity, or other event? Be sure to announce it so everybody knows and gets excited about it.


  • Purchase equipment

  • Consolidate current MCA debt

  • Buy out a partner

  • Remodel or make major leasehold improvements

  • Open a new location

  • Expand into a new territory

  • Launch a significant marketing campaign

  • Hire several new employees

  • Launch a new product or service



You can be located in any of the 50 states and D.C. You just need to:

  • Be in business for at least 2 years
  • Be profitable
  • have collateral ( trucks, cars, real estate or construction equipment)