Compare long term business loans

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

6 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
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Think Business Loans Business Loan
Loan amount
£25,000 to £5,000,000
Representative APR
6.36% APR
Loan term
3 months to 72 months
“Rated 5* “excellent” on Trust pilot. Our experts will compare multiple business finance products across 100s of lenders to find the option that is right for you. 75% of our customers receive an offer.
Think Business Loans is a credit broker and not a lender. Minimum turnover is £200,000 with 1 year trading.
Representative Example: The representative rate is 6.36% APR (fixed) so if you borrow £100,000 over 60 months at a rate of 6.36% p.a. (fixed) you will repay £116,504.71 in total.
Funding Options Business Loans
Loan amount
£1,000 to £2,000,000
Representative APR
6.03% APR
Loan term
1 month to 120 months
Funding Options is a Credit Broker and not a Lender. Their APR starts from 2.75% and has an average of 6.03%. They can help you prepare and submit your Coronavirus Business Interruption Loan Scheme application through multiple CBILS accredited Lenders.
Minimum Turnover is £60,000 with 12 months minimum trading.
Representative Example: The representative rate is 6.03% APR (variable) so if you borrow £50,000 over 24 months at a rate of 6.03% p.a. (variable) you will repay £53,114.16 in total.
Fluidly Business Loan
Loan amount
£15,000 to £500,000
Representative APR
7.9% APR
Loan term
6 months to 60 months
View funding solutions available to you in under 30 seconds. Fluidly's 5* rated specialists will support you in applying to the best products for you.
Fluidly is a credit broker not a lender. Minimum 2 year of trading and £100k turnover pa.
Representative Example: The representative rate is 7.9% APR (fixed) so if you borrow £100,000 over 24 months at a rate of 4.00% p.a. (fixed) you will repay £104,219.84 in total.
Funding Circle Business Loan
Loan amount
£10,000 to £500,000
Representative APR
11.79% APR
Loan term
24 months to 72 months
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 Funding Circle can offer you a business loan for the same amount on similar or better terms, without requiring the guarantee provided by the scheme, they will do so. The rate you will get will vary based on your circumstances.
Representative Example: The representative rate is 11.79% APR (fixed) so if you borrow £100,000 over 72 months at a rate of 9.4% p.a. (fixed) you will repay £137,779 in total.
Funding Xchange Business Loan
Loan amount
£1,000 to £500,000
Representative APR
10.5% APR
Loan term
1 month to 120 months
Funding Xchange is a credit broker, not a lender. Funding Xchange puts you in control of your business funding giving you access to indicative funding offers within 3 minutes.
Minimum annual turnover of £100,000, trading history of 18 months and Companies House registration are required.
Representative Example: The representative rate is 10.5% APR (variable) so if you borrow £50,000 over 24 months at a rate of 10.5% p.a. (variable) you will repay £55,650 in total.

Last updated: 11 March, 2021

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

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

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.

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

About our loans comparison

Our comparison tables include providers we have commercial arrangements with. The number of listings in our tables can vary depending on the terms of those arrangements, as well as other market developments. They are all from lenders regulated by the Financial Conduct Authority (FCA). Here is more information about How our website works.

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.