Rise Business Funding

Long-Term Business Loans in Minneapolis, Minnesota

Minneapolis is a powerhouse of the Upper Midwest, anchored by healthcare, financial services, manufacturing, and a thriving food and retail scene. Whether you are growing a business along the riverfront corridor or scaling operations in the Twin Cities metro, long-term business loans give you the capital to invest with confidence.

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Funding in 30 to 90 Days

Typical funding time is 30 to 90 days, depending on the lender and your documents.

Funding $50K to $5M

Amounts range from $50K to $5M, based on your revenue and credit profile.

All 50 States

Rise Business Funding connects Minneapolis businesses with lenders operating nationwide

About Long-Term Business Loans in Minneapolis

Minneapolis sits at the center of a metro economy that punches well above its population weight. The seven-county Twin Cities area holds roughly 84% of Minnesota's corporate headquarters and finance and insurance jobs, and the city proper is home to six Fortune 500 companies, including U.S. Bancorp and Ameriprise Financial, collectively generating more than $215 billion in annual revenue. That concentration of corporate tenants creates a deep service economy around them. Financial advisory firms cluster in the Downtown Core and North Loop. Independent retailers along Nicollet Mall depend on daytime foot traffic from those same office towers. For any of those businesses, a long-term business loan can fund the kind of multi-year commitment, a lease expansion, a technology upgrade, a second location, that a short-term product simply cannot carry.

The city's economic fabric extends well beyond financial services. Retail trade was the second-largest net job gainer in Minnesota's private sector in Q1 2024, adding 3,067 positions statewide. Minneapolis-area retailers feel both the upside of that momentum and the pressure of the Metro Area Sales Tax Surcharge that took effect in October 2023, pushing combined rates above 8% across much of the region. Retailers exploring retail business loans often need capital structured around inventory cycles and lease terms, not a revolving draw. Minnesota's clean technology sector, the first in the nation to mandate biofuel use back in 2005, has seen power-sector carbon emissions fall 40% over the past decade. Early-stage companies in wind and biofuels need patient capital to bridge the gap between project approval and revenue. Even businesses tied to Iron Range taconite operations rely on equipment-intensive work that equipment financing or a structured term loan can support over a realistic payback horizon.

Rise Business Funding works with Minneapolis businesses across all of these contexts. Whether you operate a consulting practice in the North Loop or a manufacturing supplier serving the Twin Cities metro, the right loan structure matters as much as the amount. Use our business funding calculator to model repayment terms before you apply, or explore SBA loans if a government-backed structure fits your timeline. Rise Business Funding can present options across multiple lenders in a single application, so you spend less time shopping and more time running your business.

Financing Options in Minneapolis

Long-Term Business Loans

Long-term loans provide a lump sum with repayment spread over multiple years, making large investments more manageable. Lenders in our network offer terms that align with the scale and ambition of Minneapolis businesses across every sector.

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SBA Loans

SBA-backed loans offer some of the most competitive terms available for small businesses, including extended repayment periods and lower down payments. Minneapolis businesses in healthcare, manufacturing, and professional services frequently use SBA programs for major capital investments.

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Business Line of Credit

A revolving line of credit gives Minneapolis business owners flexible access to capital they can draw on as needs arise. It pairs well with long-term loans by covering short-term cash flow gaps without taking on additional fixed debt.

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Equipment Financing

Equipment financing allows Minneapolis businesses to acquire machinery, vehicles, or technology with the equipment itself serving as collateral. This is a practical option for manufacturers, contractors, and healthcare providers investing in productivity.

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Revenue-Based Financing

Revenue-based financing ties repayment to a percentage of monthly sales, making it a flexible complement to traditional long-term loans. It is well suited for Minneapolis retailers and restaurants with variable but consistent revenue streams.

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Term Loans

Standard term loans provide a set amount of capital repaid on a fixed schedule, giving Minneapolis business owners predictable monthly obligations. They are a straightforward choice for businesses with established financials and a clear investment objective.

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Requirements to Qualify

Personal FICO Score

650+

Long-term loans require stronger creditworthiness than short-term products. A score of 650 or above typically qualifies, with better scores unlocking lower rates and higher amounts.

Monthly Revenue

$15,000+

Lenders need confidence that your business can sustain monthly payments over multiple years. Strong, consistent revenue is the primary qualification factor for long-term financing.

Time in Business

2+ years

Demonstrates financial stability and an established operating track record. Long-term lenders require a longer history than short-term products to justify the extended commitment.

Bank Account

Business account required

Used to verify revenue patterns, cash flow consistency, and manage automated monthly repayments. Personal accounts are not accepted.

How Rise Works

1

Submit Your Application

Complete our secure online application in minutes and share your recent business bank statements. No hard credit pull is required to apply, and there are no upfront fees.

2

Get Matched and Get a Decision

Rise Business Funding reviews your application and matches you with lenders in our network suited to your business. The lender then underwrites your application in full.

3

Receive Your Funds

Once you accept an offer and finalize documents with the lender, funds go to your business bank account. Typical funding time is 30 to 90 days.

Why Business Owners Choose Rise Business Funding

  • Funding in 30 to 90 Days

    Typical funding time is 30 to 90 days, depending on the lender and your documents.

  • Free to Apply, No Obligation

    Applying costs nothing, and you're never obligated to accept an offer.

  • Compare Before You Commit

    See the options you qualify for side by side, then pick the one whose payments fit your cash flow.

Minnesota-Specific Resources

Minneapolis businesses have access to a strong network of local financing resources that can work alongside private funding. The Minnesota Department of Employment and Economic Development Business Financing Programs offers direct loans and loan participations through approved CDFIs, covering seed-stage technology companies and businesses in communities affected by unrest. WomenVenture, a Treasury-certified CDFI and SBA Microlender headquartered in St. Paul, pairs loans up to $100,000 with free business consulting for the life of the loan. The Neighborhood Development Center provides small business loans and incubator space to inner-city entrepreneurs in Minneapolis and Saint Paul, supporting nearly 650 active businesses. Sunrise Banks, Minnesota's first CDFI-certified bank and an SBA Preferred Lender, directs at least 60% of its lending to low-to-moderate income communities. These programs are valuable, but they often carry eligibility requirements, funding caps, or waitlists. Rise Business Funding's long-term loan options are designed to complement them, not compete with them.

SBA Minnesota District Office

The SBA Minnesota District Office serves the entire state of Minnesota. It connects local small businesses to SBA 7(a) loans, 504 loans and microloans through participating lenders, and to free counseling through Small Business Development Centers, SCORE chapters and Women's Business Centers.

sba.gov

WomenVenture

WomenVenture is a Treasury-certified CDFI and SBA Microlender headquartered in St. Paul that provides low-interest small business loans up to $100,000 to entrepreneurs across Minnesota and the Midwest, with a goal that at least 60 percent of its loans support low- to moderate-income business owners; lending is paired with free business consulting for the life of the loan.

womenventure.org

Neighborhood Development Center

NDC is a nonprofit lender and business incubator based in Saint Paul that provides entrepreneur training, small business loans, and real estate incubator space to inner-city entrepreneurs in Saint Paul and Minneapolis; the organization has trained more than 6,000 people and supports an active portfolio of nearly 650 businesses in operation.

ndc-mn.org

Sunrise Banks

Sunrise Banks is the first Treasury-certified CDFI bank in Minnesota and a certified B Corporation, headquartered in St. Paul; it is an SBA Preferred Lender offering 7(a) loans, New Markets Tax Credit financing, USDA OneRD Guarantee loans for rural businesses, and commercial lines of credit and term loans, with at least 60 percent of its lending directed to low-to-moderate income communities.

sunrisebanks.com

Blaze Credit Union

Blaze Credit Union offers commercial real estate loans, equipment financing and lines of credit to small businesses in Minneapolis.

blazecu.com

SCORE Twin Cities Chapter

SCORE Twin Cities Chapter offers business advising to small businesses in Minneapolis.

score.org
Statewide programs for Minnesota businesses

Frequently Asked Questions

About Funding in Minneapolis

What are long-term business loans in Minneapolis, Minnesota and how do they work?

Long-term business loans in Minneapolis, Minnesota provide a lump sum of capital that is repaid over an extended period, typically two to ten years or more. Repayment is structured in regular installments, which keeps monthly obligations manageable and helps with cash flow planning. Lenders in our network evaluate your revenue, credit score, and business history to determine your eligibility and the terms you qualify for. These loans are commonly used for equipment purchases, facility expansion, hiring, and working capital for sustained growth.

What credit score do I need to qualify for a long-term loan in Minneapolis?

Most lenders in our network require a minimum FICO score of 650 to qualify for long-term business loans in Minneapolis. A higher credit score generally improves the terms you receive, including lower interest rates and longer repayment windows. If your score is below 600, there may be alternative products available through our lender network. Working to reduce outstanding debt, making consistent payments, and separating business and personal finances are practical ways to strengthen your credit profile over time.

How fast can a Minneapolis business get funded?

Once your application is submitted, Rise Business Funding typically delivers funding options in 30 to 90 days. After you select an offer and complete the lender's verification process, funds are deposited into your business bank account. Total time from application to funding varies by lender, loan size, and documentation completeness, but many Minneapolis business owners complete the process within one to two weeks. Preparing your bank statements and financial records in advance helps accelerate the process.

What documents are typically required to apply?

Most lenders in our network ask for three to six months of business bank statements, a completed application form, and basic business information such as your industry, years in operation, and monthly revenue. For larger long-term loans, particularly SBA-backed products, lenders may also request tax returns, a business plan, profit and loss statements, and details on existing debt. Having these documents organized before you apply can shorten the review period and improve your chances of a smooth approval process.

Can an LLC or newer Minneapolis business qualify?

Yes, LLCs and other business structures including sole proprietorships, partnerships, and S-corps are eligible to apply through Rise Business Funding's lender network. For long-term loans specifically, most lenders prefer at least two years of operating history and consistent monthly revenue. Newer businesses may have access to a narrower set of products, but options such as revenue-based financing or shorter-term loans can serve as a bridge while you build the track record needed for longer repayment terms.

How do long-term business loans differ from short-term loans for Minneapolis businesses?

Long-term business loans typically carry repayment periods of two years or more, lower periodic payments, and are suited for capital-intensive investments like equipment, real estate improvements, or expanding into a new location. Short-term loans are repaid in months rather than years and are better for immediate cash flow needs or time-sensitive opportunities. For Minneapolis businesses making planned, strategic investments, long-term loans provide more predictable payment structures and often come with lower overall costs when held to term.

Are there Minneapolis-specific programs I should explore alongside private financing?

Yes. Minneapolis business owners should consider programs offered through the City of Minneapolis Business Assistance department, the Metropolitan Consortium of Community Developers, and the Minnesota Department of Employment and Economic Development. The SBA Minnesota District Office and the Minnesota SBDC also provide loan packaging support and counseling. These programs can sometimes provide gap financing, reduced-rate loans, or technical assistance that complements private long-term financing. Rise Business Funding can help you access private capital while you explore these public options in parallel.

What can I use a long-term business loan for in Minneapolis?

Long-term business loans in Minneapolis can be used for a wide range of purposes including buying or upgrading equipment, renovating or building out a commercial space, hiring and onboarding staff, purchasing inventory in bulk, funding marketing campaigns, refinancing higher-cost existing debt, or investing in technology systems. The flexibility of long-term financing makes it suitable for nearly any investment that is expected to generate returns over multiple years. Lenders in our network evaluate intended use as part of the underwriting process.

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