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ROK Financial Term Loans

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Long-Term Investments Made Easy
Get a competitive rate on your business term loan even if you have bad credit with ROK Financial.
Minimum Loan
Maximum Loan
$2 Million
From 6%
Average Rating Click here to show the sources used to calculate this average rating.
Best Company
Merchant Maverick


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Best For

Small businesses with good or bad credit

Type of Loan


15 Second Application Process

Get quick quotes and review the loan options

Flexible terms

Select business loans with 6–120-month terms

Quick Funding

Get same-day funding in some cases

No Minimum FICO

You can get a loan even if you have bad credit

Some businesses need extra cash to buy equipment, invest in staff, and scale their operations. A ROK Financial business term loan can provide the financing you need, even if your company has poor credit. In addition, ROK Financial has no FICO credit score requirements, making its loans more accessible to business owners.

About ROK Financial

ROK Financial is an online lender that has supported thousands of small business owners since 2020. James Webster founded the company after two decades of experience in financial services. ROK Financial has helped business owners obtain hundreds of millions of dollars in financing for tens of thousands of clients. ROK Financial offers various financing options, such as business term loans, lines of credit, and equipment financing. In addition, the company’s fintech technology enables same-day funding, so you can quickly access capital.

What is a Business Term Loan?

A business term loan lets you acquire capital for your business. You will receive a lump sum payment that can help with immediate costs. However, business owners must make monthly payments based on the loan’s terms. Many business owners use loans to achieve leverage and scale operations.

ROK Financial lets you select business term loans ranging from six months to 10 years. Choosing a longer loan duration will reduce your monthly payments but result in more interest. A shorter loan has higher monthly payments, but you pay less interest in the long run. If you value cash flow at the moment, a lengthier loan term will minimize your expenses.

Lenders have different requirements you have to fulfill before obtaining a loan. Some financial institutions have stringent requirements which make it more difficult for businesses to obtain adequate financing. ROK Financial does not have a minimum FICO score, an advantage that makes small business loans more accessible. Some business owners turn to ROK Financial because traditional banks and credit unions won’t give them the necessary funds. ROK Financial acts as a solution for many business owners while providing competitive rates.

ROK Financial Business Term Loans

Many lenders offer business-term loans. So what makes ROK Financial stand above the rest? Many business owners go to ROK Financial for flexible terms, an easier path to entry, and other perks. Discover how a business term loan from ROK Financial can strengthen your company.

Use of Funds

ROK Financial offers suggestions for how to use funds for each of their financial products, but you are in the driver’s seat. You can use a term loan for any business-related purpose, but these funds are optimal for business investments. For example, if you plan to acquire a commercial property to expand your business or a similar large purchase, a business term loan is for you. You can also use a business term loan for wage payments, but ROK Financial’s line of credit may be more optimal for that expense.

Loan Repayment Terms

ROK Financial has flexible repayment terms ranging from 6-120 months. You can select an optimal loan term that balances lower monthly payments with a quicker path out of debt. Shorter loans have less interest but higher monthly payments, while the roles get reversed for longer loans. Some business owners start with a small loan and approach ROK Financial again when they need extra proceeds. Taking small steps can help you healthily use leverage instead of swimming in too much debt.

Loan Rates

Loan rates impact how much you will pay over your loan’s lifetime. A lower interest rate reduces your monthly payments and makes debt more manageable. ROK Financial’s business term loans start at 6% APR. You may have to pay a higher rate if you have poor credit. However, most lenders will quickly reject businesses with bad credit scores. ROK Financial keeps the door open for everyone, so you don’t have to seek dangerous financial products that become more trouble than they are worth.

Loan Requirements

ROK Financial does not have a credit score requirement, setting them apart from many small business lenders. However, ROK Financial still has some requirements that help them assess every application. Applying businesses must have been open for at least three months and generate at least $15,000 in monthly gross sales or $180,000 annually. You can get the best rates by increasing your credit score before applying for a loan. Some business owners who do not need money right away have the flexibility to build their credit first. However, if you need capital right away, ROK Financial can provide you with a business-term loan regardless of your credit score.

What Documents You Need to Apply

ROK Financial will need several documents to assess your application. You should have tax returns, previous business bank account statements, financial statements, and a brief overview of owned assets. Many lenders request 6-12 months of previous business bank statements to assess your loan application.

When You Will Get Funded By

ROK Financial provides a quick turnaround for approved applicants. If approved, you can receive capital from ROK Financial within 1-3 days. The company has same-day funding available in some cases. Business owners don’t have to wait several weeks to hear from a lender and hope they get approved. The quicker access to funds gives business owners ample resources to make investments in their companies.

Advantages of Getting a Term Loan with ROK Financial

Getting a term loan with ROK Financial offers several advantages. You can obtain funding within 1-3 days and get financing even if you have bad credit. Raising your credit score will help you get a better interest rate, but not every business owner has enough time to improve their credit. Some business owners need financing immediately. ROK Financial’s three-month experience window makes them a more friendly lender to startups looking to raise initial funds. Some business lenders only work with business owners with multiple years of experience.

Is ROK Financial Legit?

ROK Financial is a relatively new small business lender. Although the company is new, the leadership consists of seasoned financial professionals who have navigated various economic cycles. Business owners want to know they are getting a fair deal with ROK Financial and that the lender is legit before getting started.

It’s a good idea to look through online reviews before working with a financial company. These reviews let you see what past and current customers think about the lender. Many of ROK Financial’s customers have said kind words about the company on Trustpilot, and it won’t take much scrolling to find a 5-star review. The small business lender has over 800 reviews that average 4.9 stars out of 5. Many of the reviews offer praise to various ROK Financial advisors and highlight the lender’s additional strengths. ROK Financial enjoys an A+ rating from the Better Business Bureau and has only received two complaints in the past three years. Both of those complaints have been closed.

How to Get a Business Term Loan with ROK Financial

ROK Financial has a straightforward process for obtaining a loan. You can apply for a loan on ROK Financial’s website. Applicants will have to provide their information and then submit the application. ROK Financial will get back to you shortly about loan options and inform you of the next steps. You will have the opportunity to speak with a ROK Financial advisor to discuss your options. Many Trustpilot reviewers had good things to say about their ROK Financial advisors.

Other Business Loans Offered by ROK Financial

A business term loan helps business owners invest in their companies and expand operations. However, not everyone needs a loan for that objective. Some business owners want to cover weekly expenses or have a backup line of credit for surprise expenses. ROK Financial offers several business loans, including the following:

  • Line of Credit: Use a revolving line of credit to address immediate expenses such as inventory and payroll.
  • Equipment Financing: This loan helps you buy equipment and other assets for your company.
  • SBA Loans: SBA loans offer competitive rates and can help your business grow. ROK Financial provides these loans to qualifying applicants. These loans have lengthy application processes, and it can take over a month to receive funds. However, these loans have desirable rates and terms.
  • Fix N Flip Loans: A great financial product for real estate and business owners who want to fix something before flipping it. Lower monthly payments at the beginning of the loan give you more time to complete the flip without worrying about cash flow.
  • Merchant Cash Advance: Borrow money based on your future sales to fortify and grow your business today.

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