Term Loans

Term loans provide businesses and consumers with a structured financing solution featuring a fixed repayment schedule, predictable costs, and flexible structuring options. Whether offering traditional installment loans, commercial term loans, or specialized lending solutions, Canopy enables lenders to configure, manage, and scale their loan portfolios with precision.

Term loans typically involve a lump-sum disbursement, followed by scheduled repayments that may include principal and interest, interest-only periods, balloon payments, or deferred structures. Canopy’s platform supports a wide range of term loan structures, ensuring adaptability for consumer, SMB, and enterprise lending programs.

Use cases for term loans

Consumer installment loans

Fixed-term personal loans designed for major purchases, debt consolidation, or financial planning.
Features:

• Predictable fixed monthly payments.
• Configurable loan durations (short-term and long-term).
• Grace periods, prepayment options, and interest-only phases.

Try it out in your sandbox, refer to Postman collections in your partner workspace

Small business term loans

Structured financing for SMBs needing capital for expansion, inventory, or operations.
Features:

• Custom repayment structures (fixed, graduated, or balloon payments).
• Adjustable interest rates (fixed or variable).
• Early repayment and refinancing workflows.
• Risk-based pricing and creditworthiness assessments.

Try it out in your sandbox, refer to Postman collections in your partner workspace

Commercial & corporate term loans

Larger, structured financing solutions for enterprise capital expenditures, acquisitions, and long-term investments.
Features:

• Multi-tranche loan structuring for complex financings.
• Indexed interest rates (SOFR, Prime Rate, or custom benchmarks).
• Syndicated loan management and participation tracking.
• Custom covenants, borrower monitoring, and compliance tracking.

Try it out in your sandbox, refer to Postman collections in your partner workspace

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Any of the above can also be secured with collateral to mitigate risk exposure. Check out our Secured Lending documentation and API endpoints to get started with secured lending