Small Business Term Loans
Fueling Your Growth with Fast, Flexible Financing
Whether you're purchasing a vehicle or equipment, expanding your space, or renovating your current location, our small business loans are designed to help you move forward—quickly and confidently.
What You Get:
Fast Decisions, Quick Access to Funds
Get the capital you need—when you need it. Our streamlined process means less waiting and more doing.
A Dedicated Lending Partner
You’ll work one-on-one with a local small business expert who understands your goals and helps you navigate every step.
Flexible Financing Options
We tailor loan solutions to fit your business needs and growth plans.
Small Business Term Loans
A small business term loan is a type of financing to borrow a lump sum of money and repay it over a fixed period (the “term”) with regular payments that include principal and interest. These loans are typically used for specific business needs like expansion, equipment or vehicle purchases, or working capital.
Unsecured Small Business Loan
- Loan amounts up to $50,000
- No collateral required
Secured Term Loans
- Vehicle loans up to $75,000
- Equipment and Rolling Stock loans up to $150,000
Benefits
- Predictable Payments – Fixed repayment schedule make budgeting easier.
- Access to Capital – enables businesses to invest in growth opportunities without needing to wait for revenue accumulation.
- Flexible Use – Funds can be used for a variety of purposes – equipment, inventory, hiring, marketing, and more.
“First Merchants believes in taking a chance – First Merchants believed in me,” she shared. “David was so personal, he saw my passion. He told me, ‘Whatever you need, we will help you.’ And he kept his word.”
Denise Goode-Lomax
Owner, Child Star Academy
Why Small Businesses Choose Us
Empowering Women and
Minority Entrepreneurs
Meet the team that’s dedicated to building inclusive, thriving communities through personalized financial education and access to capital.
