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A mid-term loan is a type of financial product that has a repayment period of one to five years and is typically used for business expansion, purchasing equipment or real estate, or consolidating debt. BitX Capital offers mid-term loans to small and medium-sized businesses. Our loan terms and repayment plans can be customized to fit the needs of each business.
$25k to $500k
As low as 6%
What do I need to secure a mid-term loan?
If you’re planning on scaling your small business or need to purchase more inventory then a mid-term loan is a good option.
- 2 years in business
- Annual Revenue of > $250K
- > 650 FICO Score
- Good business credit
Mid-term loan benefits:
- Monthly payments
- Fixed interest rates
- Improves business credit
- Flexible use of funds
Elevate your future with a small business loan!
As a small business owner, the struggle with working capital, debt consolidation, and business expansion can be overwhelming. These challenges can hinder your business’s growth potential and create stress. But there’s a solution: consider a mid-term business loan. By securing this type of financing, you’ll alleviate the pain of inadequate working capital and the burden of debt. This sets the stage for smoother business expansion and consolidation, allowing you to build a stronger foundation. With reduced financial strain, you can focus on realizing your entrepreneurial dreams, supported by the resources provided by a mid-term loan.
The Triumphant Trifecta of Midterm Business Loans with BitX Capital
Unlock the door to your small business dreams with BitX Capital, the ultimate source for business loans tailored to your growth aspirations. Embrace the transformative power of a midterm business loan and witness the threefold benefits that propel your venture to new heights. First and foremost, experience the thrill of Fueling Growth and Expansion. Whether you’re eyeing market dominance or extending your footprint, BitX Capital ensures a seamless journey with its expertly curated network of lenders offering 1 to 5-year terms. Navigate the landscape of short-term, mid-term, and long-term options, each calibrated to your unique needs.
As your business thrives, so does the importance of Building Financial Stability and Creditworthiness. BitX Capital understands that a robust credit profile is the cornerstone of success. With applicable federal rates and private loans at your disposal, forge a path to long-term financial health. Tailor the length of the loan to your advantage, taking advantage of favorable APR’s that speak to BitX Capital’s commitment to your prosperity.
Moreover, revels in the third benefit – Increased Operational Efficiency and Competitiveness. BitX Capital not only connects you with the right lenders but also opens the door to operational excellence. Whether you opt for short-term, mid-term, or long-term loans, witness a surge in competitiveness that sets you apart. The short-term rate flexibility and the mid-term minimum interest rate become strategic tools in your hands, optimizing your business processes for peak performance.
In the dynamic world of small businesses, the term of the loan is not just a duration; it’s a strategic move. BitX Capital, your trusted ally, transforms business loans into catalysts for success. Seize the opportunity, embrace the benefits, and let BitX Capital propel your small business to unprecedented heights.
How To: The BitX Process
BitX highly values the small business community and ensures that you have a quick, easy, fast and frictionless approach to getting the right loan for your needs. Our value proposition is we offer customized services through a large loan marketplace.
A large number of loan options to suit your needs.
An extensive network of lenders for you to choose from.
Various kinds of short term, mid term, and long term loans.
Personal and commercial loans.
A lifetime connection with our customers that’s built on trust.
A rigorous internal process so you can leave the loan searching to us and focus on what truly matters to you.
Business term loans for objective decision-makers
At BitX Capital, we believe in conducting business with the highest level of ethics and integrity. We strive to make decisions that not only benefit our company, but also our clients and the community at large. Our commitment to ethical practices is at the core of everything we do and sets us apart as a trusted source for financial assistance.
BitX is bonded and insured
We are backed by cybersecurity, protecting you against any mishap. You can trust us with your data; we’ve got it encrypted.
BitX comes from experience
The staff assisting you throughout is well-trained and grounded in the best banking practices. BitX has, after all, emerged from problems as a solution.
Small business loan specialists are available 6 days a week
Contact us today to speak with a representative to help you with your business’s needs.
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Frequently Asked Questions
Mid-term loans are suitable for businesses that are earning revenue and need extra capital for further expansion. Funds are typically used to purchase supplies and inventory, establish a new location, or to grow your team. The qualifications for the mid-term loan are a credit score over 650, at least two years in business and potential for growth.
Procuring a mid-term loan takes a week or two, with monthly and bimonthly repayment schedules. Mid-term loans are less expensive than short-term loans but require a more in-depth underwriting process.
Mid-term loans are suitable for funding various businesses’ ventures including new buildings, inventory and hiring top talent.
Here are the pros and cons of each.
- Can be repaid monthly or bimonthly
- Have a fixed interest rate, allowing the business to know how much they would have to pay over time
- Timely repayment of the loan can improve the credit score
- It can be used for a range of business purposes
- The application process is longer
- It’s harder to qualify for a mid-term loan, as they also demand collateral
- It comes with prepayment penalties and origination fees
The interest rate on mid-term loans varies from lender to lender. Mid-term bank loans levy an interest rate of less than 10%. Meanwhile, mid-term online loans from other lenders charge an interest rate between 7% to 20%.
You can get a mid-term loan between $25K to $500K, in a relatively short period of time.
Our Headquarters is in Fairfield, CT. We operate remotely all over the US, with special emphasis on short-term loans across the states of California, Texas, Florida, Georgia, Connecticut, New York, Colorado, and Washington. So if you need us, we are near you!