How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 6 long-term business loans
Lender | NerdWallet Rating | Max loan amount | Min. credit score | Next steps |
---|---|---|---|---|
SBA 7(a) loan with Fundera by NerdWallet | Best for Long-term business loans up to 25 years | $5,000,000 | 650 | with Fundera by NerdWallet |
SBA CDC/504 loans with Fundera by NerdWallet | Best for Long-term business loan for real estate | $5,000,000 | 680 | with Fundera by NerdWallet |
Funding Circle - Online term loan with Fundera by NerdWallet | 5.0/5 Best for Long-term business loans up to 5 years | $500,000 | 660 | with Fundera by NerdWallet |
Credibility Capital - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Fast long-term business loan | $500,000 | 650 | with Fundera by NerdWallet |
SBA Microloan with Fundera by NerdWallet | Best for Long-term business loans for bad credit | $50,000 | 620 | with Fundera by NerdWallet |
Triton Capital - Equipment financing with Fundera by NerdWallet | 4.0/5 Best for Long-term equipment loan | $250,000 | 600 | with Fundera by NerdWallet |
Here are 6 long-term business loans
Best for Long-term business loans up to 25 years
Best for Long-term business loan for real estate
Best for Long-term business loans up to 5 years
Best for Fast long-term business loan
Best for Long-term business loans for bad credit
Best for Long-term equipment loan
Our pick for
Long-term business loans up to 25 years
SBA 7(a) loan
Max loan
$5,000,000
Min. Credit score
650
Apr range
10.00-12.50%
Our pick for
Long-term business loan for real estate
SBA CDC/504 loans
Max loan
$5,000,000
Min. Credit score
680
Apr range
2.60-3.20%
Our pick for
Long-term business loans up to 5 years
Funding Circle - Online term loan
Max loan
$500,000
Min. Credit score
660
Apr range
5.99-16.49%
Our pick for
Fast long-term business loan
Credibility Capital - Online term loan
Max loan
$500,000
Min. Credit score
650
Apr range
9.49-15.49%
Our pick for
Long-term business loans for bad credit
SBA Microloan
Max loan
$50,000
Min. Credit score
620
Apr range
8.00-13.00%
Our pick for
Long-term equipment loan
Triton Capital - Equipment financing
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
600
Apr range
5.99-35.00%
with Fundera by NerdWallet
How Much Do You Need?
SBA 7(a) and SBA 504 loans
Bank loans
Online business loans
Long-term business loans | Short-term business loans | |
---|---|---|
Term length | Typically three to 10 years; up to 25 years in some cases. | Typically one year or less; in some cases up to three years. |
Repayment schedule | Usually monthly repayment. | Usually weekly or daily repayment. |
Borrower requirements | Typically need strong annual revenue, multiple years in business and good personal credit to qualify. | Startups and business owners with bad credit may still be able to qualify. |
Funding speed | Varies based on lender; bank and SBA loans are slow to fund, but online lenders can offer capital in a few days. | Some online lenders can provide funds in as little as 24 hours. |
Best for | Purchasing equipment or real estate, renovating your business, expanding to a new location, hiring employees, refinancing existing debt. | Working capital, emergency expenses, making payroll, bridging cash flow gaps, purchasing inventory, taking advantage of a new opportunity. |