Long Term Business Loans

Grow your business with a long term business line of credit

Select the amount you wish to borrow:

$26,000

Choose your repayment term

12 months
18 months
24 months

How frequently do you want to make payments?

Weekly
Monthly

Weekly payment amount*:

$424.00
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See if you qualify in minutes!
*This business loan calculator assumes a monthly interest rate of 3.3%. Your interest rate may vary based on your application information.

Long Term Business Loans

Long term business loans can provide your business with financing that can be repaid over several years. Business owners usually use it to meet long term financing needs such as construction, equipment financing or purchasing an existing business. Terms usually start at two years or more, although 10 to 20 years is more likely, with amounts from $25,000 to $200,000.

The benefits of long term business loans typically include larger funding amount and lower interest and payment, compared to a short-term business loan. However, short-term business loans are usually paid back over much shorter time periods, so they can have a lower total cost than a long term loan. As with any business lending, you should compare the costs and terms carefully and find the one that works for your business.

There’s a variety of criteria lenders consider in granting long term business loans:

Cash

Cash and credit: lenders will examine your cash flows and operating expenses. Do you have a steady business income that will ensure timely payments? They’ll also consider your credit score.

Record

Your track record: an established business with years of success will usually have an easier time obtaining long term business loans, whereas a relatively new startup can find it harder to obtain credit.

Briefcase

Your stake in the business: lenders will want to see that an owner is personally invested in a business before granting a loan. A lender might ask whether the owners could invest their own money in the business rather than seeking a loan.

Something different

What and why: the lender will want to know what this money is used for and why it’s needed, whether it’s for purchasing equipment or expanding business space.

Plan

Business plan: what are your goals for the business and how will you achieve them? Are your goals attainable? The lender may also want to know the backgrounds and history of the owner and any key players involved in reaching these goals.

Insurance

Insurance: just like with a home mortgage, lenders want to make sure a business is properly insured in case of fire, flood or similar losses.

Headway Capital Lines of Credit

Headway Capital can help you grow your business with a revolving line of credit to fill your long term borrowing needs. You can borrow up to your limit and borrow more as you repay — without having to reapply. If qualified, you can choose a repayment term up to 24 months. With a Headway Capital line of credit, you can access it whenever you want — and when you request money, it’s delivered to your bank account by the next business day (so long as you have funds available). This gives you the ability to keep your business moving.

Credit Line

Up to
$100,000

Repayment Term

12, 18 or 24 months

Payment Frequency

Weekly or monthly

Loan Type

Loan Type

Business line of credit
No Hidden Fees

No Hidden Fees

No application fee or non-sufficient funds (NSF) fee
Clear Cost

Clear Cost

Clear payment terms, interest does not compound, no penalty for early payoff
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