Long-term business loans can provide you with the opportunity for longer repayment periods, helping maintain cash flow and allowing for overall business growth. The best long-term business loans will have a wide range of repayment terms, favorable interest rates, and flexible qualification requirements.
I’ve reviewed the best options across various lenders offering long-term financing. Below are the five best long-term business loans.
- Lendio: Best for flexible qualification requirements
- Credibly: Best for high lending amounts
- AdvancePoint Capital: Best for quick access to funding
- Lima One Capital: Best for long-term, fully-amortized rental property financing
- U.S. Bank: Best for online and in-person accessibility
- Best long-term business loans at a glance
- Lendio: Best overall for flexible qualification requirements
- Credibly: Best for high lending amounts
- AdvancePoint Capital: Best for quick access to funding
- Lima One Capital: Best for long-term, fully-amortized rental property financing
- U.S. Bank: Best for online and in-person accessibility
- How I evaluated the best long-term small business loans
- How to choose a loan provider
- Alternative financing options
- Frequently asked questions (FAQs)
Best long-term business loans at a glance
| Max. loan amount | Est. starting APR | Max. repayment term | Rqd. credit score | |
|---|---|---|---|---|
 | $2 million | 8.49% | 10 years | 600 |
| Visit Lendio | ||||
 | $10 million | Varies | 10 years | 700+ |
| Visit Credibly | ||||
 | Varies• Term loan: $500,000 • SBA loan: $5 million | Varies | Varies• Term loan: 18, 24, or 36 months • SBA loan: 7 to 25 years | Varies• Term loan: 600+ recommended • SBA loan: 650+ recommended |
| Visit AdvancePoint Capital | ||||
 | $10 million | 6.65% | 30 years | Varies |
| Visit Lima One Capital | ||||
 | Varies• Term loan: $5,000 to $1 million • SBA loan: Up to $25 million • CRE loan: Up to $10 million | Varies | 25 yearsVaries by loan type. | Varies |
| Visit U.S. Bank | ||||
Lendio: Best overall for flexible qualification requirements
| |
|---|---|
| Rates and terms | |
| Estimated starting APR | 8.49% |
| Maximum loan amount | $5,000 to $2 million |
| Repayment term | Up to 10 years |
| Repayment schedule | Monthly |
| Funding speed | As fast as same-day |
| Loan type | Business term loan |
| Qualifications | |
| Credit score | 600 |
| Time in business | 12 months |
| Annual revenue | $96,000 |
| Visit Lendio | |
Why I like Lendio
Lendio is a loan broker with over 75 partnering lenders in its network. It makes this guide as the best pick for long-term business funding with flexible qualification requirements since you can be considered for a variety of lending options based on a single application. This makes it easier to have your application reviewed and suited to your specific needs and qualifications all at once.
The broker is particularly beneficial for businesses with varied qualifications, as the platform accommodates different credit scores, business ages, and annual revenue amounts. While term loans might come with stricter requirements and slower funding times than other loan types, your dedicated funding specialist will work closely with you to ensure you find the best option.
The application process is simple and takes as little as 15 minutes. After submitting your application, you’ll be contacted by a lending specialist to discuss your financing needs and help you navigate the loan process.
You can apply on Lendio’s website with no impact on your credit score. In most cases, you pay only when your loan gets funded.
Credibly: Best for high lending amounts
| |
|---|---|
| Rates and terms | |
| Estimated starting APR | Varies |
| Maximum loan amount | Up to $10 million |
| Repayment term | Up to 10 years |
| Repayment schedule | Monthly |
| Funding speed | 1 to 6 months |
| Loan type | Long-term business loan |
| Qualifications | |
| Credit score | 700+ |
| Time in business | 2 years |
| Annual revenue | $500,000 |
| Visit Credibly | |
Why I like Credibly
Credibly is a top choice for businesses seeking substantial funding and flexible loan options. As an online lender, it offers some of the highest loan amounts available in this guide, alongside National Business Capital, making it an ideal solution for well-established businesses requiring significant capital to fuel growth or manage operations.
The platform is known for its variety of loan products, ensuring borrowers have access to more than just business term loans. Whether you need working capital, a merchant cash advance, a line of credit, or equipment financing, Credibly offers multiple financing solutions.
It offers one of the longest repayment terms for a business term loan within this guide and can be great for established borrowers with strong credit scores and annual revenue. It’s worth noting that some of its products are made available through its network of external funding partners.
The application process is simple and can be completed in as little as 10 minutes. Once you submit your application, Credibly’s team will reach out to discuss the best financing options for your business. Whether you’re looking for large sums of capital or diverse financing solutions, Credibly offers a versatile approach to meeting your needs.
To learn more and start the application process, visit the Credibly website.
AdvancePoint Capital: Best for quick access to funding
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| Rates and terms | |
| Estimated starting APR |
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| Maximum loan amount |
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| Repayment term |
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| Repayment schedule |
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| Funding speed |
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| Loan type |
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| Qualifications | |
| Credit score |
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| Time in business | Varies |
| Annual revenue | Varies |
| Visit AdvancePoint Capital | |
Why I like AdvancePoint Capital
AdvancePoint Capital is a loan marketplace offering long-term business loans for well-qualified borrowers. What sets it apart is its quick funding process. While some loans may take a little longer to process depending on the lender, businesses can often see funds disbursed in as little as 24 hours, making it ideal for those needing fast access to capital. This can compete with Lendio and National Business Capital, which also offer quick access to funds depending on the loan type.
Additionally, it offers long-term loans with repayment periods that can extend up to 10 years, providing ample time for repayment and improving cash flow management. It also makes the list as a great option for businesses seeking flexible financing solutions with the potential for large loan amounts. It has a wide network of lenders, similar to Lendio, and ensures that you’re matched with offers that fit your specific business needs and qualifications.
The application process can be completed in as little as 10 minutes. Once your application is submitted, you’ll be contacted by a dedicated lending specialist who will work with you to find the best loan option. To learn more or submit an application, visit AdvancePoint Capital’s website.
Lima One Capital: Best for long-term, fully-amortized rental property financing
| |
|---|---|
| Rates & terms | |
| Starting interest rate | Varies by loan program |
| Loan amount | Up to $25 million |
| Loan term | Varies |
| Maximum LTV | 80% |
| Estimated closing costs and fees | Undisclosed |
| Time to fund | 1 to 3 weeks |
| Qualifications | |
| Credit score | Varies based on the loan program |
| Time in business | Varies based on the loan program |
| Annual revenue | Varies based on the loan program |
| DSCR | 1.25× recommended |
| Visit Lima One Capital | |
Why I like Lima One Capital
Lima One Capital offers multiple commercial lending programs with repayment terms up to 30 years, making it a good option for long-term financing for investors. Its four main programs are
- Fix and flip: Lima One Capital’s fix-and-flip programs are well-suited for investors looking to retain long-term ownership of a property after completing repairs and those intending to sell it for a profit.
- Bridge: Its basic bridge financing product is geared toward those who need funds quickly or need to acquire a property on an expedited timeline.
- Construction: This is separated into a standard construction program to finance costs associated with vertical construction and a build-to-rent program consisting of an initial temporary construction loan and a subsequent permanent rental loan.
- Rental: This is available for single-family rentals, short-term rentals, and rental portfolios.
Since each program has varying rates, terms, and eligibility criteria, it’s best to speak with a lending specialist to determine the best one for your needs. Depending on the program you choose, you could take advantage of things like flexible prepayment penalties, waiver of personal income requirements, origination fee discounts or deferrals, and more.
To apply or learn more, visit the Lima One Capital website.
U.S. Bank: Best for online and in-person accessibility
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|---|---|
| Rates and terms | |
| Estimated starting APR | Varies |
| Maximum loan amount |
|
| Repayment term | 2 to 25 years |
| Repayment schedule | Varies |
| Funding speed | Varies |
| Loan type |
|
| Qualifications | |
| Credit score | Varies |
| Time in business | 6 months |
| Annual revenue | Varies |
| Visit U.S. Bank | |
Why I like U.S. Bank
U.S. BankCredit products offered by U.S. Bank National Association and are subject to normal credit approval and program guidelines. Some restrictions and fees may apply. is a well-known and experienced business loan provider offering a range of long-term business loan options tailored to your business needs. It makes the roundup as the best pick for both online and in-person accessibility since it’s the only provider in this guide with physical locations.
It also stands out as a great choice for businesses looking for stability, flexibility, and personalized service. It has competitive rates and a variety of loan products, including term loans, SBA loans, lines of credit, and commercial real estate loans, making it an excellent fit for businesses with varying financing needs.
As a borrower, you’ll benefit from a relationship-based approach to lending, meaning that you’ll have access to dedicated business banking specialists who can guide you through the entire process. Whether you’re an established company with strong credit or a newer business with growing revenue, U.S. Bank works with you to structure a loan that fits your financial situation.
The application process is straightforward, and you can get started online or in person, depending on your preference. Its online tools allow for easy management of your loan, while in-person support is available at one of its branches if you prefer personalized assistance. This can also benefit borrowers looking to speak to the lender in person to review qualifications and financing options. To learn more, submit an application, or find a branch closest to you, visit U.S. Bank’s website.
How I evaluated the best long-term small business loans
I reviewed the best business loans for emergencies using the following criteria:
- Interest rates and estimated APRs
- Maximum financing amounts
- Repayment terms and repayment schedules
- Ease of application
- Funding speed
- Flexibility of qualification requirements (such as credit score, revenue, and time in business)
- Down payment requirements
- Paperwork requirements for approval and funding
- Customer ratings and reviews
How to choose a loan provider
When shopping around for a long-term loan for a business, there are a few factors you should keep in mind when selecting a lender.
- Consider your financing needs. Depending on the nature of your funding needs, consider what type of financing is best suited for your business operations — whether it be an SBA loan, line of credit, or a working capital loan.
- Review the lender qualification requirements. Lenders will have varying qualification requirements to determine your eligibility. Factors such as credit score, time in business, and annual revenue will all be considered when reviewing your application. Ensure you meet the minimum qualifications to increase your approval odds before submitting your application.
- Compare loan costs and terms. Depending on your budget and business needs, you’ll want to work with a lender that understands your situation and can help guide you through the process. Review any associated costs, including repayment terms and any potential fees, and shop around for rates and terms across lenders to find one best suited for you before entering into an agreement.
Check out our guide on
how to get a small business loan
for tips on the application and approval process.
Alternative financing options
If you’re unsure whether or not long-term financing via a traditional lender may be the best option for your business needs, there are a few alternatives to consider.
- Crowdfunding: Crowdfunding allows you to raise funds from the public through a platform where you can campaign to interested donors and investors. This is usually in exchange for various returns, which are commonly categorized as either debt-, equity-, donation-, or rewards-based. Check out our guide on the best crowdfunding sites for small businesses.
- Friends and family loan: This is a less formal way to get financing. It involves borrowing money from applicable friends and family members without the qualification restrictions of a traditional lender. You’ll still need to apply an applicable federal rate to ensure you meet tax regulations; however, it can be a great option if you have limited resources. Read our guide on raising money from friends and family to fund your business.
- Rollover for Business Startups (ROBS): With a ROBS, you can use your own retirement savings to finance your business tax- and penalty-free. You’ll typically need a minimum investment of $50,000 to get started. Read our ROBS ultimate guide for more information.
Frequently asked questions (FAQs)
It depends on the loan type you seek. Common loan terms you’ll see are anywhere from 5, 7, 10, 25, or even 30 years.
Yes, some business loans may offer a 30-year repayment term. However, this is dependent on the loan type, lender, loan amount, and borrower’s qualifications. That said, this is most likely to be seen with a mortgage loan.
Interest rates can vary based on a few factors. This can include consideration of market conditions, qualifications of the borrower, and loan type and lender.
