(888) 789-4365

Long Term Loans

What is a long term business loan?

While a short term business loan is advanced for a period of 3 to 12 months, a long term business loan has a longer repayment period of 15 to 36 months. This is not the rule of thumb though because some loan terms can be as long as 10 years. This kind of loan is best for business projects that will be recouping the amount invested over a longer span of time.

Main benefit of a long term business loan.

The main benefit of getting a long term business loan is that you get a longer amount of time to repay it. This means lower monthly payments. We can therefore say that a long term loan is less hassle than a short term loan. Also, your business has the chance to grow without the burden of a larger payment, so you will be able to keep more of the income.

.

Use the capital as you see fit.

Expand your business

Move to a new location

Purchase large inventory

Buy business equipment

Pre-Qualify in minutes. Get started now.

Not a valid email address

Collateral may be needed

A long term business loan involves a greater amount of, money and therefore borrowers are usually asked to secure the loan with personal assets like their home or fixed assets of the business. This contributes to making the interest rates lower, as opposed to short term loans.

There are many positive reasons to get a long term loan.

Our small business financing experts are available to guide you through the funding Process.

 

At LCG, we fuse technology and the human touch to help lower search costs for borrowers and lenders while delivering better speed and customer service. LCG connects borrowers to a nationwide network of banks and lenders. Our team of dedicated funding specialists help borrowers get the right financing product and work quickly to help you secure the capital your business needs.
  • Instant Quote Online

    Use our instant online quote calculator to get an accurate no obligation quote.

  • Apply Online

    Complete our quick online application. Application takes 5 mins.

  • Review Your Options

    We will contact you to review your options.

  • Get Funds

    Money will be deposited in your account in as little as 24 hours.

Long Term Loankazaa 2:16 am January 15th, 2018