Medium-Term Loan | Traditional Term Loans | Bizfi
Medium-Term Loan

Medium-Term Loan

A medium-term loan is an option for small businesses looking for a traditional loan with a set repayment time frame and set payments.

Does your business need the flexibility of a medium-term Loan?

Low rates with no collateral required!

  • Money icon Amounts range from $20,000 to $500,000
  • Money icon Repayment terms of 1 to 5 years
  • Money icon Funded within 24 hours


A medium-term loan is a simple interest business loan with a low rate and flexible terms ranging from one to five years, with no prepayment penalties. No collateral is required for a medium-term loan, but a personal guarantee is needed.

What is a medium-term loan?

Some business needs demand financing with a longer term. Maybe you’re looking to remodel or expand. Maybe you have an opportunity to buy out a competitor. A medium-term loan will enable you to get the capital you need for your growth project, and take up to five years to repay. A medium-term loan offers low rates and flexible terms, and often does not require collateral.

How can I get a medium-term loan?

Bizfi has made it faster and easier for small businesses to get a medium-term loan. You can request from $20,000 to $500,000, with repayment terms of one to five years. The rates on a medium-term loan are based in part on your credit rate, so be sure you have a strong credit history to present. A medium-term loan is repaid through fixed weekly, bi-weekly or monthly payments which can help you get greater clarity on your cash flow.

How can I use a medium-term loan?

You have a great deal of flexibility in how you use a medium-term loan. If you opt for a shorter term, it can be helpful for working capital, new inventory and general cash flow needs. If you take financing for a full term, it can be used for a wide range of growth and expansion purposes.


  • Low rates and flexible terms
  • No prepayment penalties
  • Often no collateral required
  • Flexible use of proceeds


  • Must be in business at least 2 years
  • Must have employees
  • Must have annual revenue of at least $100,000
  • Personal guarantee required