How do I repay the business loan in Florida?

There is no set term to pay off the business loan although there is a minimum of 90 days. As goods and services are purchased by your customer, a small percentage of each credit card sale is collected from one of our preferred processing banks. Once a week we process an debit from your authorized business checking account. This debit remains the same over the term of your loan. You’ll know what to expect and can set your budget accordingly. We do not require automatic renewals or continued commitments once your business loan is paid, but if you choose to renew, the process is speedy and easy! All lenders are different and many times their requirements change throughout the year.