Term Loans

To speak with a term loan expert, call 800.200.1208.


Big investment in equipment? Summit can often add term loans to your core line of credit, creating even more capital as an add-on product to an Asset-Based Loan or Invoice Factoring loan. Term loans can speed your growth, by adding availability to your existing loan. Summit views your equipment on hand as an asset we can loan against, adding to your working capital line of credit. Term loan amortization is 36 months. Ask about increasing your cash flow by adding an equipment term loan to your core loan.



  • Borrow against equipment
  • Add-on to our core product
  • 36-month amortization

Term Loan Guidelines




Up to 60% of NOLV or 40% of Book Value

How Term Loans Compare

Financing Guidelines

Take a look at our offerings, and see how we can help. We offer Term Loans for deals from the low 6 figures to 7 figures, plus. From higher reporting to lower risk, and borrowing base to invoice factoring purchase, somewhere on that chart is a loan for your company.

How Term Loans Compare

TermStretchSmall Business LoanFactoringABLInventory
DescriptionAdd-on onlyStructured Stretch Piece for Growth; Add-on onlyReceivables PurchaseReceivables PurchaseBorrowing Base CertificateAdd-on only
Facility LimitsUp to $500,000<$250,000Up to $500,000$100,000 – $4,000,000+$100,000 – $4,000,000+Up To $500,000
Advance RatesUp to 60% of NOLV or 40% of Book Valuen/aUp to 90% of A/RUp to 90% of A/RUp to 85% of A/RUp to 50% of Inventory Cost

Industries We Proudly Serve



We give Term Loans to companies that build things. If you can make it, we can fund it.

Freight and Trucking

Whether you have a big fleet or just one truck, Summit’s Term Loans get you there faster.

Professional Services

From consultants to staffing to oilfield services, we finance all types of professional firms.

Distributors and Wholesalers

We’ll get your Term Loan processed fast, so you can get your product from Point A to Point B.

Find Out More

You need to grow?
Summit can help.

A growth financing story…