BizSugar.com › Startups › Is a Long-Term Business Loan the Best Choice to Fuel Growth?

A long-term business loan is a good fit for many small business financing needs. If you’re looking for capital to invest in a new building, a big ticket purchase such as a new lathe for a manufacturing plant, or anything else for business use that will likely be depreciated over several years of useful life, a long-term loan could be the appropriate way to finance those longer-term investments in business infrastructure and equipment. Many times those investments are needed to facilitate future business growth.

However, a long-term business loan may not always be the best, or even the only, choice for financing growth.