Long-Term Business Loan
Fast and simple from start to funding.
Loan Amount
$10,000-$500,000
Time To Fund
5 Days
Loan Term
1-7 Years
Interest Rate
7.49%
Understanding Long-Term Business Loans
Consider a long-term business loan for a simple and effective way to boost working capital, expand your business, and build credit. It’s a trustworthy financing option for small businesses.
Benefits Of A Long-Term Business Loan
Long-term loans are a great option if you need a lot of funding that you can repay over a longer period.
They typically have better interest rates and come with a fixed payment schedule, making it easier to
budget and plan your payments.
Minimum Requirements For a Business Term Loan.
If your business doesn’t meet the criteria listed below, The long-Term Business Loan or Merchant Cash Advance may be the right option for you.
Credit Score
660+
Yearly Revenue
$250,000+
Time In Business
2 years+
FAQs
A: When it comes to business loans, there are distinct differences between a long-term business loan
and an SBA loan. The most notable difference is that the federal government backs SBA loans, which
reduces the risk for the lending institution and results in lower interest rates. However, since the
government is backing the loan, qualifying for an SBA loan is more challenging, and the application
and approval processes take longer. In fact, most SBA loans require business owners to demonstrate
that they have explored all other financing options and invested their own time and money into the
business before approval.
A: Consider a long-term business loan with a fixed interest rate to save on interest. Use a loan
calculator to determine monthly payments. Good business scores may qualify for rates as low as
7.49%.
A: Long-term business loans are ideal for financing significant expenses such as purchasing
equipment, expanding real estate, or improving working capital. These loans are approved quickly,
making them a reliable way for businesses to fund vital projects or expansions to drive long-term
growth. If you require funding for a significant project with promising ROI potential, a term loan can be
a suitable option.
A: Once your application is approved, lenders can transfer funds directly to your bank account within
48 hours.
