Lenders and loan programs ranked for longer repayment terms
Every line on these cards comes from the company's own website (or sba.gov), checked against that page; dates are shown on each card. Rates and terms change, so confirm them with the company. Nothing here is an offer of credit or a promise of approval or savings. Companies were left off when we found them named as a defendant over their lending practices in court records or regulator actions we searched; finding none does not mean none exist.
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#1 SBA 7(a) loan program (federal loan program; loans come from SBA-approved lenders)
Best for: Owners refinancing business debt who need a longer maturity than banks offer
- Revolving MARC loans can last as long as 20 years (10 revolving, 10 term); term MARC loans, as long as 10 years. source
- 7(a) funds may go toward refinancing a business's existing debt. source
Why #1: Proceeds can refinance current business debt, terms can pass ten years for real estate or equipment, and SBA caps both rates and lender fees.
Facts from sba.gov as of November 2, 2026.
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#2 SBA 504 loan program (federal loan program; loans come from SBA-approved lenders)
Best for: Established owners refinancing debt that originally paid for buildings or major equipment
- 504 loans come with maturities of 10, 20, or 25 years. source
- SBA's comparison table: CDC/504 terms run 25 years on real estate and 10 years on equipment, at a fixed rate. source
- 504 loan funds may pay off or refinance debts that meet the qualified-debt definition in 13 CFR 120.882(g). source
- A fee of roughly 3% of the debt is listed, and it can be rolled into the loan. source
Why #2: This fixed-rate program offers 10-, 20- or 25-year maturities for qualified debt, with charges of roughly 3% that can be rolled into the loan.
Facts from sba.gov as of November 2, 2026.
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Best for: Established firms stacked with merchant cash advances seeking a longer, lower-payment loan
- BankLite loans come with 3-, 4-, or 5-year terms. source
- Noble Funding refinances $500K-$10M in business obligations for established firms, to replace bank debt, combine payments, or handle a lender exit. source
- Noble says BankLite is meant for refinancing merchant cash advances onto a longer term with a smaller payment. source
- BankLite's annual interest rates begin at 8.99%. source
- BankLite loans carry no fee for paying them off early. source
Why #3: Its BankLite loan is meant to move cash advances onto 3-, 4- or 5-year monthly terms, with annual rates starting at 8.99% and no prepayment penalty.
Facts from noblebusinessloans.com as of November 2, 2026.
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Best for: Owners escaping costly online loans, plus 504 refinancing in California, Nevada and Arizona
- SBA 504 loans come with a repayment period of 10, 20 or 25 years. source
- SBA 504 loans carry 20-year amortization; since April 2018, 25-year-term SBA 504 loans have been accepted. source
- It says SBA 7(a) Community Advantage refinanced dozens of online-only business loans into cheaper general ones, saving clients hundreds-to-thousands of dollars monthly. source
- Pricing for its general business loans begins at Prime + 2.75 percent. source
Why #4: It has shifted online-only loans into cheaper Community Advantage loans, offers 504 terms of 10, 20 or 25 years, and general business rates start at Prime + 2.75%.
Facts from cdcloans.com as of November 2, 2026.
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#5 Access CDFI
Best for: Nevada businesses replacing merchant cash advances or high-interest debt with longer terms
- Loan lengths vary, usually falling between 12 and 72 months. source
- Access CDFI provides term loans. source
- Borrowers can use Access CDFI's Revenue Based Financing to repay high-interest Merchant Cash Advance loans. source
- Revenue Based Financing can be used to lengthen loan terms and cut interest rates on business debt. source
- Access CDFI advertises Revenue Based Financing at rates below 9% for refinancing high-interest debt. source
Why #5: Its Revenue Based product pays off high-interest cash advances and can lengthen loan terms, promoted at rates under 9% for that refinancing; terms generally run 12 to 72 months.
Facts from accesscdfi.com as of November 2, 2026.
As a first-time borrower, you may be encountering a lot of information you hadn’t thought about before. Loan term is one of the most important aspects of financing, and can vary widely from one type of financing to another and from one structure to another.
A Typical Term
Most loan types come with a typical term. Here’s a walk-through of a few options and how repayment works with each.
SBA microloans can be an attractive way to finance small projects — some SBA lenders make microloans of up to $50,000, generally with repayment terms averaging 40 months (just over three years).
The Small Business Administration’s 504 loan program aims to finance major fixed assets that help a business grow and create jobs.
Credit lines work differently from loans. Instead of putting a big lump sum in your account in one bite, you’re able to draw down when you need it, up to an agreed credit limit.
While lines of credit often get described as revolving credit, with “revolving” making it sound like there’s no real loan term, that’s not the way credit lines work. There’s a set draw period when you can dip into the credit line when you need, followed by a set term when you have to repay the money you borrowed. The draw period typically lasts a year or two. This works sort of like a credit card in that you have access to capital and you’ll be charged interest on the amount you draw down and don’t repay. Payment can be due weekly or monthly, so check your cash flow is up to it before applying.
When the draw period is up, a lender may agree to renew your line of credit, allowing you to continue accessing capital.
Invoice financing isn’t like a typical business term loan or business line of credit. You can get an advance on your unpaid invoices so you don’t have to worry about juggling cash flow as you wait for your customers to pay.
Instead of waiting for that customer who always misses the net-30 deadline, the lender advances you 50% to 80% of the invoice total up front — you pay monthly interest until your customer pays, then the transaction is settled.
Equipment financing works like a term loan. It’s geared for items a business can expect to use for a long time, ranging from heavy machinery and office furniture to delivery vans and accounting software. One great thing about equipment loans: soft costs like delivery fees can sometimes be financed too.
Loan terms are usually from 3 to 10 years. Different lenders have different policies on this. Just like buying a car, making payments on equipment gradually increases equity until you own it outright.
A revenue-based loan or business cash advance gives your business an advance on the revenue it expects to collect from sales, repaid based on a percentage of your daily income, until the balance is settled.
Most forms of financing including loans and lines of credit come with an interest rate. Instead, a typical fee structure for a cash advance multiplies the advance amount by the factor rate. Factor rates usually range from 1.1 to 1.5. If a lender charges a factor rate of 1.5, for example, a merchant taking a $20,000 cash advance would have to repay a total of $30,000 — a $10,000 premium.
The agreed percentage, or holdback amount, is typically 10% to 20% of revenue, paid over a three- to 18-month term.
The Date of the Loan’s Final Payment
One common question concerns the maturity date. When is it? And what does it mean? In short, it’s the date of the loan’s final payment — the date when all loan obligations have been met.
Prepayment Penalty
When a borrower wants to pay off a term loan early, some lenders charge a prepayment penalty. This is the cost of settling a loan in full earlier than expected, before its term ends.
About Delancey Street
Delancey Street is a premier, and award winning, business debt settlement company that helps business owners nationwide. Our goal is simple: help you escape debt in a safe and legal manner. Based out of New York, we can help in 49 of 50 states. We tell you how it is; because your business and future is on the line.
