LoanSum Flex loans have a 360-day term if needed.  Flex loans have an initial 120-day term, approximately 4 months.  If the loan is not paid in full at the end of the 120 days, the loan will automatically be renewed for an additional 60-day period (approximately 2 months).  You may have up to 4 renewals per loan for a loan term of 360 days or one year.  By structuring your loan this way, you only pay fees for the time that you need the money, thereby lowering your cost of capital.