First Down Funding Long Term Business Loans

Small Business Funding
Get pre-approval for your funding in minutes and access the funds as early as next day.
$2,000 to $300,000
Loan Amounts
75%
Average Approval Rate
48 hours
Funds Available In

Details

Loans Available For
Small to medium-sized businesses in the U.S.
Type of Loan
Long-term Business Loan
Minimum Loan Amount
$2,000
Maximum Loan Amount
$300,000
Your Business Average Revenue
+$25,000/month or +$300,000/year
Your Time in Business
At least 1 year, ideally more than 2
Repayments
Fixed payment schedule, no prepayment penalties
Application Type
60 seconds online application
Support
First Down Funding offers help from a personal funding manager

Apply Now

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First Down Funding offers long-term business loans to small to medium-sized businesses in the U.S., helping small business owners securing long-term funding with flexible terms to support their business growth.

Providing similar small business funding services as a traditional funding provider, First Down Funding is considered an alternative lender because it will look at other requirements for funding approvals. For example, a bad credit score may prevent you from getting a small business loan through a bank. In contrast, First Down Funding may approve your long-term funding based on financial projects or the revenue history of your business.

A federal government study found that having access to credit has been fundamentally crucial for the success of small businesses and the very survival of these businesses in an increasingly competitive, globalized environment. However, the type of business loan you get can significantly impact your business bottom line, and not every lender offers the tenure and rates your business needs. Here’s what you need to know to take the following steps in your business growth plan.

Long-Term Business Loans: When Should Entrepreneurs and Business Owners Consider Them?

In general, the best financial strategy is to link your financing to the business asset’s life. Thus, long-term funding solutions are ideal when you expect to make significant capital investment or expand your business growth for several years.

For example, a packaging plant should likely opt for a long-term business loan when buying new cartoning machines that will last for 12 years.

Long-term funding may also make sense when you encounter a sudden, unexpected considerable expense. Margins are already very tight for many enterprises, and an emergency expense can make a tight financial situation worse. In these cases, long-term business loans can help businesses to spread the cost out over several years, taking some of the pain out of the sudden expense.

Finally, long-term loans can help your business to take advantage of lower interest rates. The Organisation for Economic Co-operation and Development says in a report that interest rates have historically been much lower and more competitive the longer your loan tenure. 

Why Should You Choose First Down Funding For Your Business Financing?

An Online Application 

First Down Funding’s online application itself immediately makes it stand out. According to the Federal Deposit Insurance Corporation‘s survey of more than 1,000 American lenders, most banks don’t allow small businesses to apply for a long-term business loan online. In fact, less than 23% of big banks let small businesses apply for a loan online. First Down Funding’s goal of making the process as simple as possible starts right at the application stage. 

Fast Approvals

First Down Funding offers effective business financing solutions and understands the importance of small business owners needing money fast. For this reason, First Down Funding can issue your funds in as little as 24 hours after funding approvals. In addition, with a 75% approval rate, you can count a higher chance of approval than with traditional lenders.

Oriented Towards Small Businesses 

First Down Funding and its team of small business funding managers are specifically focused on helping small businesses with their cash flow. Unlike more traditional lenders that may cater to all forms of individuals and enterprises, First Down Funding specializes in small businesses’ unique needs and understands what you’re trying to achieve through your long-term business loans.

Long Term Business Loans for Bad Credit

Often, small businesses face a financial challenge that’s entirely out of their control, such as an unscrupulous landlord or a tax hike. This can often leave a business owner struggling with bad credit.

First Down Funding understands this and has numerous options and strategies for helping you to get bad credit business funding when you need it most.

Personalized Customer Service

Unlike other lenders, First Down Funding works with you from the start, acting as a partner rather than a lender to help you find the right funding solution for your business.

 

Applying for a Long-Term Business Loan: The First Down Funding Option

First Down Funding, based in Maryland, provides accessible long-term business loans for American small businesses. 

While many banks make the application process difficult, First Down Funding’s approach is streamlined and efficient so you can stay focused on running your company and not worrying about obtaining financing:

  1. Step 1: Complete First Down Funding’s online loan application. You will need to provide all the basic, standard information, including your EIN # / Tax ID Number, the amount of financing you need, and the purpose of said financing.
  2. Step 2: Specify the financing options that best meet your needs. First Down Funding provides various loan terms and interest rates. The best choice for your company depends on factors such as your growth plan and cash flow.
  3. Step 3: Receive your money. Once your application is reviewed and approved, First Down Funding automatically deposits your financing into your business bank account. How long this takes depends on several factors but can sometimes occur within 24 hours of submitting your application. 

Other First Down Funding Options for Small Businesses

First Down Funding offers more than just long-term business loans. There is a suite of financial tools and financing options to meet all of your business needs, including:

  • ACH Business LoansGet a cash advance based on your sales averages.
  • Bridge Funding: When you’re waiting for a customer to settle a late invoice, use bridge funding to bridge the gap.
  • Merchant Cash Advance (MCA) Loan Business Funding: This type of financing is based on your existing credit cards’ daily activity, like next-day funding.
  • Next-Day Funding: Whether it’s a sudden bill or an investment you need to make ASAP, next-day funding ensures a time delay doesn’t sabotage your business success.
  • Short-Term Loans: Maintain a healthy cash flow with a short-term loan of three years or less.
  • Working Capital Loan: Fund short-term business expenditures, such as paying off a past-due electricity bill.

First Down Funding has many options to get funding for your business. Apply today, and get the money for your business as early as tomorrow. 

FAQs About Long-Term Business Loans (3)

  • What is the maximum tenure offered in a business loan?

    The maximum tenure for a small business loan depends on the lender. However, in most cases, the most prolonged business loan you can obtain would be capped at 10 years.

  • What is the risk of long-term small business loans?

    While long-term financing can set your business up for long-term success, especially when making improvements and capital investments that keep you competitive, such loans are not without their risks. Any type of borrowing carries risks.
    Compared to shorter-term loans, long-term financing shifts more of the risk from you to the lender because there’s a larger time over which the bank assumes financial liability.
    To balance assuming more of that risk, your lending institution will often support the loan by having you offer business collateral. For example, your lender may seize the assets that you bought with the money you borrowed.
    Many long-term business loans also include restrictive covenants that may affect how you operate your business. A typical example is covenanting, which requires you not to take on more business debt during the length of the existing loan.

  • How long are small business loan terms?

    Different loans come with varying terms. For example, while intermediate-term business loans often have a maturity of three years or less, long-term small business loans typically have a tenure of three to 10 years.
    However, it’s not unheard of to apply for long-term financing that stretches to 20 to 25 years in very exceptional circumstances. This makes the most sense when the investment you’re making has an exceptionally long life, such as a restaurant owner buying new real estate for a new location. However, such long-term financing would often be in the shape of a mortgage or other form of funding rather than a pure business loan.
    Remember, in general, it’s best to tie the loan tenure with how long the asset you’re buying is expected to last.

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First Down Funding Long Term Business Loans

Small Business Funding

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