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

 Invoice FactoringAsset-Based Loans (ABL)Inventory FinancingEquipment Term LoanSmall Business LoanStretch Financing
DescriptionReceivables PurchaseBorrowing Base CertificateAdd-on onlyAdd-on onlyRevolving Loan,
Ledgered Collateral
Structured Stretch Piece for
Growth; Add-on only
Facility Limits$100M - $4MM$1M - $4MMUp To $1MMUp To $1MM$200M<$250M
Risk ProfileHigher, with Underwritten
Collateral & Controls
Lower, Strong Reporting
and Management
Higher with Underwritten ExitHigher, Short-term with
Underwritten Exit
Higher, less restrictive with
standardized pricing and controls
Higher, Short-term with
Underwritten Exit
Pricing ComponentsCollateral Mgmt/Admin
Fee + Interest
Interest + Various FeesInterest + Admin FeeInterest + Admin FeeAdmin Fee + Interest /
Collateral Management Fee
Flat, Monthly Discount Fee
Advance RatesUp to 90% of A/RUp to 85% of A/RUp to 50% of Inventory CostUp to 60% of NOLV or 40%
of Book Value
Up To 100% of A/Rn/a

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.

Asset-Based Lending comparison - Summit Financial Resources

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

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Financing NEWS

You need to grow?
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A growth financing story…

A Growth Financing Story by Summit Financial Resources