If your application for a term loan is approved, you can decide how much to borrow, up to your approved limit. This is a one-time draw. If you do not take the maximum amount you were approved for, you will not be able to access the rest later.
However, once you repay 50% of your term loan, we will automatically review your account and let you know if you are eligible for additional financing.
Note: In order to check your eligibility for additional financing, we need to review data in your business checking account or accounting software. If your account becomes disconnected, we’ll let you know.