Amortizing Loan

Finance growth with a simple and flexible loan.

Provided by a separate legal entity, Chedr Ltd.*

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View Chedr Amortizing Loan Website
Amortizing Loan

Faster and more flexible than a traditional business loan

Get funds in as little as 24 hours with an amortizing term loan from Chedr.

Amounts & terms

From $5,000 up to $1.5M

Terms up to 24 months with prepayment discounts

Payment schedule

Daily, Weekly, or Semi-Monthly

Requirements

Time in business: 1 year (U.S.)

600 FICO score

$10k+ monthly revenue

Funding time

In as little as 24 hours of acceptance

Learn More on Chedr
traditional business loan

Why small businesses choose Chedr term loans

More flexible than a traditional bank loan, ideal for business owners seeking speed, clarity, and predictability.

Fast approvals < 24 hours

Get funds in as little as 24 hours with our short application and streamlined processes.

Affordable

Pay less with extensive prepayment discounts and 50% refinancing for more capital without starting over.

No collateral needed

Don’t worry about balance sheet assets. Unlike banks, we look at cash flow.

Government benefits

Eligible for government-banked small business administration (SBA) refinancing.

Use cases

Grow you business without sacrificing cash flow

Fund expansion

Launch a new storefront, move into larger facilities, or enter geographies where your business is in high-demand.

Marketing and customer acquisition

Fund upfront customer acquisition costs (CAC) with expected ROI through paid ads, web redesign, and earned channels.

Equipment purchasing

Replace aging equipment or pay off balances of existing equipment lease to own more assets.

Manage debt

Finance high-cost debt, including replacing a merchant cash advance. Consolidate debt by combining multiple debts into one payment.

Bulk purchases

Buy inventory in bulk for a discount.

Stabilize cash flow

Cover operating costs when business is seasonal or slow.

Pros and cons

May differ if you choose a loan from a bank vs. a term loan with amortizing payments from Chedr

Pros:

  • Fast: Lump sum funding in as little as 24 hours if your loan originates from an alternative lenders.
  • Predictability: Fixed repayment schedule
  • Costs: Competitive interest rates reduce costs. Chedr by VOX Funding offers early repayment discounts.
  • Government benefits: Eligible for government-backed Small Business Association (SBA) refinancing.

Cons:

  • Flexibility: Bank term loans tend to have less flexibility than those from alternative lenders.
  • Eligibility requirements: Some businesses struggle to qualify for term loans offered by banks.
  • For established business owners: Longer credit histories often required.
  • Collateral: may be required by some lenders

How does an amortizing term loan compare?

Choose a product on the right to compare

Compare with:
Funding Time
24-48 hours
Term
Up to 24 months
Amount
$5,000- $1.5M
Eligibility
1 year in business (U.S), 600+ FICO score $10K+ monthly revenue, business checking account
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Compare with:
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Need help deciding?

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How the application works

Fast, simple, and transparent, your funds maybe deposited in as little as one day.

FAQ

Everything you need to know about term loans. Can’t find the answer you’re looking for? Feel free to Contact Us.

A term loan is a lump sum of capital that a business repays over a fixed period of time with scheduled payments. Businesses commonly use term loans for working capital, expansion, equipment purchases, inventory, or hiring.

An amortizing loan is a loan paid off over time through regular, scheduled payments. Each payment includes principal and interest.

Not exactly. A term loan simply means a loan that is repaid over a set period of time.

An amortizing loan refers to how the loan is repaid. With an amortizing loan, each month-to-month payment includes both principal and interest. This gradually reduces the loan balance until it is fully paid off.

Many small business term loans are amortizing loans, meaning borrowers repay the loan through predictable principal and interest payments over the set repayment period. However, some term loans may be structured differently, such as interest-only payments or a balloon payment at the end of the term.

Established businesses with steady revenue and a clear investment plan are best suited for term loans, particularly those needing capital for long-term investments like expanding operations, purchasing large equipment, or securing commercial property. Startups or businesses with irregular cash flow may find shorter-term or more flexible loan options better until they have a more predictable income stream.

Many business lenders look at:
– Time in business
– Monthly or annual revenue
– Bank statements or financial history
– Business owner credit profile

Some alternative financing providers like Chedr by VOX Funding prioritize cash flow and revenue trends rather than balance sheet or collateral requirements.

Variable interest rates exist. The exact rate depends on your credit profile, loan amount, and term length.

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Term loans offered by traditional banks may require collateral. However, those available through VOX* are unsecured and do not require physical collateral. Even without physical collateral, some lenders may require a UCC filing or business lien, especially for larger amounts.

Go to Full FAQ

* Amortizing loans are offered through our sister company Chedr Ltd. which is a separate term entity and subject to its own terms and conditions. Please see Chedr terms and conditions to learn more.

Ready to get funded?

VOX Funding gets you quick access to the capital your business needs. Apply today to see which VOX Funding Program is right for you.

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