Benefits of a Long Term Business Loan

When you’re ready to make significant investments toward your future growth, it might be time for a long-term business loan. A long-term business loan is usually a larger loan up to $500,000 that’s repaid over three to five years. They generally have better rates and repayment options compared to short-term loans. They’re used to promote extended business growth.

You can use a long-term business loan for a variety of purposes:

  • Remodeling facilities
  • Launching new products
  • Investing in opportunities
  • Expanding operations
  • Purchasing equipment
  • And more

Larger Funding Amount

Longer Repayment Terms