How much can I borrow with a term loan?
Icarus Fund business term loans range from $250,000 to over $10 million, depending on revenue, industry, and overall financial profile.
How long are the repayment terms?
Term loans offer flexible repayment periods from 12 to 60 months, with fixed monthly payments designed to align with business cash flow.
How fast can I get funded?
Once approved, many clients receive funds in as little as 24 to 72 hours, depending on loan structure and documentation.
Can I use a term loan to refinance other debt?
Yes. Many businesses use term loans to refinance merchant cash advances or high-interest short-term loans into one manageable monthly payment.
Is there a prepayment penalty?
Most term loans come with no prepayment penalties, so you can pay early without extra fees if your business is ahead of schedule.
Do I need perfect credit to qualify?
No. Credit is reviewed, but the overall health of the business, including revenue, contracts, and growth potential, matters more.