What are the requirements to qualify for a long-term business loan?

To qualify for a long-term business loan through Credibly, your business generally needs: (1) to be operating in the United States, (2) 2 or more years in business, (3) at least $500,000 in yearly bank deposits, (4) revenue deposited into a business bank account, and (5) a personal credit score of 700 or higher.

How fast can I get approved and funded for a long-term business loan?

Credibly can approve a long-term business loan application in as fast as 2 hours. If approved, funding can be available in as fast as 4 hours, with same-day funding possible on the same business day.

What is the difference between a long-term and short-term business loan?

Long-term business loans have lower interest rates, higher loan amounts ($50,000–$10,000,000), and longer repayment terms (up to 120 months), making them best for large growth initiatives. Short-term loans have lower qualifying standards and faster access to funds but higher rates, making them better suited for cash flow needs, seasonal fluctuations, or immediate capital gaps.

Where can I get a long-term small business loan?

Long-term small business loans are available from traditional banks, credit unions, and online alternative lenders. Banks typically have strict eligibility requirements and slow funding timelines. Online lenders like Credibly offer faster approval (as fast as 2 hours) and fund businesses that may not meet bank standards, with loans from $50,000 to $10,000,000 and terms up to 120 months.

How do long-term business loans support business growth?

Long-term business loans allow businesses to pursue large-scale growth plans while spreading the repayment cost over years. Lower monthly payments preserve cash flow while the business builds returns from its investment. Common uses include opening new locations, purchasing equipment, expanding into new markets, growing headcount, and launching new products.

What other financing options does Credibly offer?

In addition to long-term business loans, Credibly offers merchant cash advances (for businesses with lower credit scores needing short-term funding), business lines of credit (flexible access to working capital), and other business financing options. Credibly has financed over 55,000 small businesses across the U.S. and deployed over $3 billion in capital.

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Long-term business loans* for established businesses

Q: What is a long-term business loan?

A long-term business loan is a financing option for established businesses that need a large amount of capital at a lower interest rate for growth. Credibly offers long-term business loans from $50,000 to $10,000,000 with terms up to 120 months and monthly payments. The full loan amount is disbursed upfront as a lump sum and repaid in fixed monthly installments over the loan term.

Q: What can I use a long-term business loan for?

Long-term business loans from Credibly can be used for large-scale business growth initiatives including: opening a new location, purchasing new equipment, expanding into new markets, launching a new product, growing your team, or any other significant capital investment. Most long-term loans are flexible, though some specialized loans (like commercial mortgages or equipment financing) may be restricted to a specific purpose.

Invest in larger long-term projects with this flexible and convenient financing option designed for established small businesses.

Trusted by:

Financing milestone	Performance metric
Total capital provided	$3+ Billion in financing
Approval speed	As fast as 2 hours
Funding speed	As fast as 4 hours
Businesses served	55,000+ small businesses financed

Invest in your growth with Credibly

Credibly helps established businesses access long-term business loans* to support significant capital investments. Benefits of applying for long-term financing through Credibly may include:

Flexible loan amounts: Long-term loan options up to $10 million through Credibly’s network of external funding partners.
Extended repayment: Terms up to 120 months (10 years) with predictable monthly payments.
Growth-focused capital: Specifically designed to meet your business’s unique needs, whether that means business expansion, equipment financing, or something else.

Long-term business loan requirements and how to qualify

Credibly looks at your overall business health, not just a single number, to help you find financing options that fit your goals. To qualify for a long-term loan, your business generally needs to meet these established benchmarks:

Time in business: 2+ years of operation for long-term products
Annual revenue: $500,000 in annual revenue
Credit score: A personal credit score of 680+ for 10-year long-term products
Location & banking: Must operate in the U.S. and deposit revenue into a business bank account

What our customers say about working with Credibly

Why choose Credibly over SBA or traditional bank loans?

Unmatched speed of execution: Credibly provides approval in as little as 2 hours and funding in as fast as 4 hours, while SBA 7(a) and 504 loans typically take far longer to fund.
Streamlined digital application: Credibly replaces heavy bank-style paperwork with a faster, more accessible process.
Flexible credit tiers: While 500+ FICO is the benchmark for 10-year term loans, Credibly also helps provide access to alternative financing structures for lower credit profiles.
Predictable monthly repayment: Long-term loans feature fixed monthly payments, supporting cash flow planning for larger investments.

What is a long-term business loan?

A long-term loan is a financing option for established businesses that need a large amount of capital at lower interest rates to maximize business potential. For businesses making large strategic investments, long-term loans are most appropriate when the return on investment plays out over several years rather than weeks or months.

Common use cases for long-term financing:

Strategic Hiring: Funding key hires or team expansion to support future growth
New Location Entry: Opening a new business location or entering new markets
Asset Acquisition: Purchasing major equipment, technology, or infrastructure
Market Expansion: Launching a new product line or investing in long-horizon growth initiatives

We are trusted by:

Get a long term business loan in 4 easy steps

Explore your options without damaging your credit score.

Apply online

Click “Get Started” to apply for a business line of credit.

Gather required documents

We require certain documents from you in the approval process. Be ready with bank statements and a government-issued ID to start.

Approval in as little as 2 hours

Your loan application will be reviewed and you can get approved in as fast as 2 hours.

Receive same-day funding

If approved, your line of credit can be ready on the same business day or even as fast as 4 hours

When long-term financing may be the right choice for your business

A long-term loan is a financing option for established businesses that need a larger amount of capital with an extended repayment schedule. For businesses making large strategic investments, long-term loans are most appropriate when the return on investment plays out over several years rather than weeks or months.

Common use cases for long-term financing:

Strategic Hiring: Funding key hires or team expansion to support future growth
New Location Entry: Opening a new business location or entering new markets
Asset Acquisition: Purchasing major equipment, technology, or infrastructure
Market Expansion: Launching a new product line or investing in long-horizon growth initiatives

Is long–term business financing right for your business?

Pros

With longer, fixed-term repayments and larger loan amounts, long-term loans are ideal for tackling growth initiatives.
Monthly repayment schedule that can make larger investments easier to plan for
Simple, online application process through Credibly.

Cons

Keeping up with fixed payments can be difficult for businesses that experience seasonality or fluctuating revenues.
Long-term financing is better suited for long-term initiatives rather than quick wins and cash flow stabilization. Small business owners seeking cash flow stabilization would be better off with short-term financing.
Long-term loans can be more difficult to qualify for than other financing products with higher requirements for annual revenue and business credit.

Credibly’s Business Financing Options

Merchant Cash Advance: Funding for credit scores as low as 550 and 6+ months in business
Business Lines of Credit: Access capital with 675+ credit score, 6+ months in business, and $20K+ monthly revenue
Equipment Financing: Specialized funding for critical machinery, vehicles, or technology needs

Trustpilot 4.8/5 Rating | Apply for business financing up to $10,000,000

When long-term financing may be the right choice for your business

Pros

With longer, fixed-term repayments and larger loan amounts, long-term loans are ideal for tackling growth initiatives.
Monthly repayment schedule that can make larger investments easier to plan for
Simple, online application process through Credibly.

Cons

Keeping up with fixed payments can be difficult for businesses that experience seasonality or fluctuating revenues.
Long-term financing is better suited for long-term initiatives rather than quick wins and cash flow stabilization. Small business owners seeking cash flow stabilization would be better off with short-term financing.
Long-term loans can be more difficult to qualify for than other financing products with higher requirements for annual revenue and business credit.

Business financing made easy

Fill out the application online and get answers in hours. That’s long-term small business financing as it should be.

Grow, don’t owe

Get flexible financing that suits your business and lets you grow, not owe

100% U.S.-based reps

Getting financing can be stressful. Our exceptional customer service team is here to help you get the answers you need to run your business with confidence.

Not just a credit score

You are more than a P&L and credit score to us. Work with a lender that looks at your business potential and wants you to succeed.

Credibly’s other business financing options

Merchant cash advance

A great financing solution for those with lower credit scores in immediate need of short-term funding.

Long-term loan

Plan for the future with confidence with this long-term loan.

Business lines of credit

The most flexible access to working capital whenever you need it.

All financing options

Don’t see what you need here? Look at all of Credibly’s business financing options.

Frequently Asked Questions

What qualifies as a long-term business loan?

Long-term business loans are business term loans designed to be repaid over an extended period. Options available through Credibly* can have terms of up to 120 months, with scheduled monthly payments.

What are the requirements for a long-term business loan?

Long-term loan options generally require:

At least 2 years in business
$500,000 in yearly deposits
Credit score of 680 or higher
U.S.-based operations
Deposits made to a business bank account

See additional business loan requirements.

What credit score may I need for a long-term business loan?

Long-term loan options generally use a personal credit score of 680 or higher as a qualification benchmark. Other eligibility requirements also apply, so credit score is only one part of the financing decision.

How much long-term business funding could I qualify for?

Long-term small business financing available through Credibly can provide up to $10 million in funding. The amount available to your business will depend on the financing option and offer you qualify for.

How many years can a business term loan last?

Long-term business term loans available through Credibly* can have repayment terms of up to 120 months, or 10 years. That extended timeline can align well with investments expected to generate returns over several years.

What interest rates and costs can I expect on a long-term business loan?

Rates and pricing vary by financing offer, so no single cost applies to every long-term loan. Review the rate, monthly payment, repayment term, and total financing cost before deciding whether an offer fits your plans.

What would my monthly payment look like on a long-term business loan?

Long-term loans use a monthly repayment schedule. Your monthly payment will depend on the loan amount and the terms in your offer.

What can I use a long-term business loan for?

Long-term funding can support larger, planned investments such as opening a new location, hiring for growth, entering a new market, launching a product line, or purchasing major assets. If machinery or other business equipment is the primary expense, you can also compare equipment financing.

How long does it take to get approved for long-term business financing?

Approval and funding timelines vary based on the financing option, your application, and the funding partner. Because long-term financing is designed for larger, longer-horizon investments, plan ahead rather than treating it as funding for an immediate operating need.

When should I choose a long-term loan instead of short-term financing?

A long-term loan may make sense when you are financing a major investment whose return is expected to develop over several years. For temporary cash-flow gaps or near-term operating needs, options such as a Credibly Working Capital Loan or business line of credit* may be worth comparing.

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Apply for business financing up to $600,000

Find out how much you qualify for.
Applying will not hurt your credit score.
Do you meet the requirements?

In general you will need:

$15K+ in monthly revenue
6+ months in business
500+ FICO score
Revenue deposited into a business bank account

*Some products are made available through Credibly’s network of external funding partners.

** Rates are included in your daily payback quote to simplify repayments and account monitoring. Rates, pricing, requirements and other terms and conditions subject to change without notice.