For Businesses in It for The Long Haul
Long term business loans provide a big injection of capital for companies of any size. By paying for the loan in monthly instalments, you enjoy a hefty loan sum with affordable repayment terms of up to 6 years. So, you can stop delaying that big purchase that could take your business to the next level. Crispcap’s long term loans let you invest now for the future.
The Benefits
Get Larger Amounts
Long term loans allow for higher loan amounts.
Are Long Term Loans Right for Me?
A long term business loan is certainly helpful to secure prolonged success in your industry. But it’s worth considering if it’s the right loan for you. Have a think about whether you’ll be able to keep up with the monthly repayments over an extended period. We can help you make this decision by looking at the health and credit of your business. We guide you in the direction that’s best for you and your company.
Getting The Ball Rolling
There are a couple of factors that can make it a little easier for you to get a loan. Firstly, a good credit score shows to lenders you have a strong history of borrowing and paying back funds. Also, a yearly turnover that’s £50k or over will increase your chances of securing a larger loan amount. Plus, a steady revenue positions you as more likely to repay it on time. But don’t stress out if you don’t meet these pointers. Simply get in touch and we’ll see what we can do.
Our Process
1. Get In Touch
Confirm your requirements with us.
2. Send Your Documents
We only need basic financial info.
3. Application Approved
Access our exclusive lenders.
4. Funds Are Transferred
Money is sent to your account.
Have Questions? No Problem
How long can the terms of the loan be?
You can spread repayments for a long term loan across a maximum of 6 years.
What is the interest on long term loans?
We’re not able to give an interest rate straight away. It will depend on your business’s health, credit, and the terms of your loan. Get in touch and we can go through your options!
How much can I borrow?
Long term loans often allow for higher loan amounts. With Crispcap, you can borrow up to £500k. Generous, we know.
Which is better, long-term or short-term?
Long term loans spread your repayments over many months which is a little more flexible. With a short-term loan, you’ll pay back the money within a year after it’s borrowed, which could work better for your business.
Do I need a good credit score?
It can help but it’s not essential! At Crispcap we pride ourselves on taking a more rounded view of businesses than just credit rating. That way, we can offer more opportunities for loans.
Can I repay the loan all at once?
Nope. All of our business loans are unsecured so the business director(s) are responsible for paying back the loan. That means your items are safe and sound.
