Term loans provide funding that can be used to help run and grow your business. Applying doesn’t affect your credit score and doesn’t require any personal guarantees or collateral.
Unlike a traditional loan, our term loans don’t charge interest, only a one-time fixed capital fee.
You can use the funds for any business purpose – repairs, remodeling, payroll and hiring, and even expansion to new locations.
Repayments are required each bi-weekly repayment period. Repayments are a fixed amount, and they are automatically deducted from your designated bank account every other week.
All loans are issued by Celtic Bank. All loans and offers are subject to credit approval, identity verification, and are subject to periodic review and may change without notice. Bank transfers are subject to review.
Loans are governed by the Loan Agreement and Parafin’s Privacy Policy. Bank transfers are subject to review.