This flexible and convenient financing option allows you to make the most of your small business opportunities. Unlock your success with small business lending that provides tailored solutions just for you! Get started on achieving your goals today.
• Max loan size up to $250,000
• Anticipated term length 18 or 24 months
• Automatic payments weekly
Your eligibility for a long-term business loan depends on:
• Your credit score
• Your time in business
• Your cash flow and other operating expenses
• Your stake in the business
We will want to see:
• Bank statements and other financial documents
• Government-issued identification documents
• Your business plan
Your lender will supply a business loan agreement with information about:
• Interest rates: Your interest rate and the amortization of your loan will be available on your loan agreement.
• Fees: You may be required to pay a one-time origination fee or a monthly fee. This information will also be available on your loan agreement.
Long-term business loans allow you to meet your most important business goals with favorable repayment terms. Whether you want to open a new location, grow your team or launch a new product, these expansion loans can help make your most important business goals happen.
When you apply for a long-term business loan, you will receive the full loan amount upfront as a lump sum. You can use that capital to fund your business growth initiative and set your business up for long-term success. That long-term loan is then repaid over a relatively long time (compared to other business loan options) in smaller monthly payments.
Because long-term business loans are repaid over a long time, the interest rates are lower. However, you will need to carve out your monthly payment every month for at least a few years.
For that reason, it is best to run the numbers to ensure that your business investment will truly take your business to the next level. Short-term loans, like working capital loans, are better for more immediate needs or to cover seasonal fluctuations in business.
Long-term business loans allow borrowers to pursue large-scale growth plans while paying for the initiative over the course of the loan.
Whether you are looking to tackle the next phase of your business plan, open a new location, purchase new equipment, expand into new markets, grow your team, or launch a new product, long-term loans can help you reach your next phase of growth.
Longer term loans are best for planned business expansion and growth goals. Similar to buying a house or getting a college education, many business initiatives take time to gain a return on investment.
The lower monthly repayment amounts of long-term loans can give your business the margin it needs to maintain positive cash flow.
A long-term loan is a business financing option for established businesses that need a large amount of capital at a lower interest rate for growth.
These long-term loans typically have repayment terms of at least three to ten years, which can be especially appealing to business owners looking to make an investment in their business that will provide a return on investment over a long period of time.
For online long-term business loans, the approval process is convenient and simple, and we connect you with the right-sized capital to meet your business goals.
Click the “Get Started” button, enter some basic business information, and pre-qualify for loans for your small business.
Once approved, a loan advisor will reach out to you with the options you qualify for and help you choose the best business loan or financing product for your situation.
Funds are deposited directly into your bank account so you can use your funding immediately
Designed for business owners with a proven track record of success and financial security, a long-term business loan offers larger-scale growth capital at lower interest rates and longer repayment terms.
Due to favorable interest rates and long repayment terms, long-term loans are a great option for financing expansion projects. However, short-term funding may be a better option for cash flow stabilization and growth initiatives with a shorter project timeline.
Lend Bucket’s mission is to provide small and medium-sized businesses like yours with streamlined access to the funding you need to operate and grow.
Lend Bucket helps small and medium-sized businesses get funding. We strive to be a trusted and committed partner to you, our customers. We make getting loans for businesses affordable, simple, and transparent.
Lend Bucket is a direct lender of working capital loans and merchant cash advances. Through our partners, we offer SBA loans, business lines of credit, equipment financing, long-term loans, and invoice factoring.
Our financing experts can help you:
We work with small and medium-sized businesses to connect them with much-needed capital. Lend Bucket combines data science with a human touch, and we work directly with you to get the best company loans or financing for your unique needs, so you can focus on your products and services.
Some funding products like merchant cash advances and invoice factoring are less credit dependent because these financing products are based on sales instead of a credit report.
Similarly, equipment financing does not have as much emphasis on credit because the equipment can be used as collateral if you default on your loan. Many of our financing solutions can help you build business credit as well.
The eligibility requirements for Lend Bucket’s small business loans and financing depend on which one you’ve selected and are based on a business owner’s specific credit history and creditworthiness. Generally, you need to have:
Specific requirements will vary.
Before asking “how to apply for a small business loan or financing?” you should first consider whether the capital will help your business grow or help your business survive a crisis.
If you don’t have a good reason for business financing, the fees and interest can really add up.
However, if the business financing will help you buy new equipment, hire needed staff, or survive a crisis like the COVID-19 pandemic, then you should consider each of the following questions when reviewing the financing option.
Startups almost never qualify for traditional bank loans, and that is true for Lend Bucket’s business loans and financing as well.
However, there are a lot of options in small business loans and financing for new businesses and startups, including:
How can I use a small business loan or financing?
“Flexible” means that you can use the capital to fund whatever your business needs.
Some business financing is flexible in its usage, such as a working capital loan, business expansion loan, merchant cash advance, business line of credit, or SBA loan.
However, some loan and financing options are not flexible. Equipment financing can only be used to purchase or lease equipment. Any type of real estate loan will also be specific to funding a physical business location.
Wondering “how do I get a business loan”? Take ten minutes to pre-qualify for small business loans online and we will respond with the best funding options for you. You can get funds in your bank account in as little as 24 hours.
Lend Bucket’s mission is to provide small and medium-sized businesses like yours with streamlined access to the funding you need to operate and grow.
When the traditional banks say no, we talk to you about your business. It’s why we’re
trusted by over 30,000 businesses in over 325 industries.
