Start by working out:

  1. How much your business needs to borrow

  2. How long you need to pay back the loan

  3. What type of business loan works best for your company

Decide how much you need to borrow

The lenders in this comparison offer long term small 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.

All the lenders listed in this comparison offer long term business loans that can last for 5 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.

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

Q

How long can I borrow for?

A

Lenders in our business loans comparison offer terms up to a maximum of 10 years.

Q

Can I get long term business loans for bad credit?

A

Yes, as long as you can show your business can afford the loan you should be able to borrow, but it may be more expensive.

Q

Do I have to own the company to get a loan?

A

Not always, you can apply for some business loans if you are a registered company director.

About our loans comparison

Q

Who do we include in this comparison?

A

We include business loans available directly from lenders and through brokers on our panel. Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.