Compare long term business loans

Compare long term business loans and find loans with terms 5 years or more.

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  • Compare long term business loans from leading providers
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Compare long term business loans from leading brokers and lenders

Looking through a range of options gives you more chance of securing a great deal. You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.

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How to compare long term business loans

1

Prepare a business plan

Decide why you are comparing deals for business loans and why you want to borrow the money. Work out how much you need to borrow and also how long you would need to repay. Once you have decided that a long term loan is right for your business you need to look for the cheapest long term business loan deal on the market.

2

Compare your options

Have a look through the options to find the best long term business loan option for your business needs. Check any conditions attached to the loan then pick a deal that offers you the lowest interest rate and a term long enough to afford the payments.

3

Apply for the loan

While there are commercial finance options offered by banks etc. some lenders and brokers only ever operate digitally, so to make sure you find the best long term business loan deals comparing quotes on the internet is a must. Once you've decided on the provider you want, simply apply.

Long term business loan deals

10 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
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Funding Circle Business Loan
Loan amount
£10,000 to £500,000
Loan term
24 months to 72 months
Funding Circle Business Loan
To be eligible to apply you need to be based in the UK and have been trading for 2 years. Funding Circle also offers the Government's Recovery Loan Scheme. A key aim of the Recovery Loan Scheme is to improve the terms on offer to businesses.
If you can be offered a Funding Circle business loan for the same amount on similar or better terms, without requiring the guarantee provided by the scheme, you will be. The rate you will get will vary based on your circumstances.
Funding Options Business Loans
Loan amount
£1,000 to £15,000,000
Loan term
1 month to 120 months
Funding Options Business Loans
Funding Options is a Credit Broker and not a Lender. Their APR starts from 2.75% and has an average of 7.38%. They can help you prepare and submit your Recovery Loan Scheme application through multiple RLS accredited Lenders.
Minimum Turnover is £60,000 with 12 months minimum trading. Some lenders may apply fees during the application process, please note that these are set and provided by these entities.

What are long term business loans?

For many small and medium sized businesses, short term borrowing not only puts a lot of pressure on cash flows, but also limits the amount they can affordably borrow.

Long term business loans, often known as long term commercial loans, are thus designed to provide your business with the capital they need to grow as as part of a long term strategy to grow the business.

This can include growing your workforce, upgrading essential equipment or simply providing the working capital needed for day to day running costs of the business.

What kind of business are long term business loans most suited for?

Some businesses may possibly benefit more from a long-term loan than others, such as:

  • start-up may have the most to gain from a long-term business loan. Start-ups are usually in need of cash due to high start-up costs so a long-term loan can give them the funds they need to launch their venture, while still keeping the monthly payments manageable.

  • business that's looking to expand could also make use of a long-term business loan as it can provide the funds needed to carry out the expansion.

How to get cheap long term business loans

When looking or a long term business loan, there's some basic questions you need to answer:

  • How much your business needs to borrow

  • How long you need to pay back the loan

  • What type of business loan works best for your company

Find out more about the different types of long term business finance here

Decide how much you need to borrow

The lenders in this comparison offer long term business loans of just a few thousand pounds up to large loans of £500,000 or more.

Work out exactly how much your business actually needs to borrow and keep the amount as low as possible to make your loan cheaper.

Choose a loan term?

Picking a longer term can reduce the monthly repayments, making the loan more affordable. So some businesses may consider a 5 year or 10 year business loan.

All the lenders listed in this comparison offer long term business loans that can last for five years or longer.

However, try not to choose a term of your loan longer than your business needs. The longer the term the more you have to pay in interest.

Decided you want a shorter term business loan? Compare rates here.

Look for the lowest rate

You are now ready to start comparing interest rates for the loan amount and term you have chosen for your business.

Use our comparison to check long term business loan interest rates that last 5 years or longer to find the cheapest deal.

Long term business loan FAQs

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Why compare loan deals with money.co.uk?

Comparing business loans could save you money. Our multiple award-winning comparison service makes sure you get the lowest rates possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.

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Last updated: 04 March, 2022