Rise Business Funding

Long-Term Business Loans in Minnesota

Minnesota's diverse economy spans manufacturing, agriculture, healthcare, and retail trade, with thriving business communities from the Twin Cities metro to Duluth, Rochester, and rural outstate communities. Long-term business loans give Minnesota entrepreneurs the capital and repayment flexibility needed to grow, invest, and compete.

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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

Lenders in our network serve businesses across Minnesota and nationwide

About Long-Term Business Loans in Minnesota

Most Minnesota business owners run into the same wall: a capital need too large for a credit card and too time-sensitive for a traditional bank's 90-day underwriting clock. A Thief River Falls supplier building out capacity to serve Polaris's recreational vehicle production line cannot wait three months for an answer. A Twin Cities financial services firm expanding into a new downtown Minneapolis office corridor faces lease deadlines that do not pause for slow approvals. Long-term business loans solve this by spreading repayment over multi-year terms, keeping monthly obligations predictable while you deploy capital against a real growth target.

Minnesota's economy runs on sectors that reward patient capital. The state's corporate headquarters concentration sits at 1.8 times the U.S. average, with roughly 84 percent of those jobs anchored in the seven-county Twin Cities metro, according to the Minnesota Chamber Foundation. That density creates steady demand for consulting business loans and technology business loans among firms serving the headquarters corridor. Meanwhile, the clean technology cluster stretching from southern Minnesota's biofuel belt into the wind corridors of the southwest requires infrastructure investment that only longer repayment horizons can support. Minnesota became the first state to mandate biofuel use in 2005, and the sector's capital requirements have grown alongside that policy framework. These are not businesses that benefit from short-term business loans priced for a 90-day cash flow gap.

Manufacturing adds another layer. Minnesota ranks in the top five nationally in 44 distinct manufacturing subsectors, and transportation equipment manufacturing in the northeast grew 7.2 percent annually from 2019 to 2023. Operators scaling production schedules or replacing specialized equipment find equipment financing and long-term structures more practical than revolving products. Rise Business Funding works with owners across all of these industries, matching loan structures to revenue cycles rather than pushing one-size-fits-all terms. Use the business funding calculator to model payment scenarios before you apply.

Financing Options in Minnesota

Long-Term Business Loans

Long-term loans provide a lump sum with repayment periods extending from several years up to a decade or more. They are ideal for major capital investments, business acquisitions, or real estate purchases in Minnesota.

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SBA Loans

SBA loan programs offer government-backed financing with competitive terms and extended repayment schedules. Minnesota businesses in manufacturing, retail, and services frequently use SBA loans for expansion and equipment.

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Equipment Financing

Equipment financing lets Minnesota businesses acquire machinery, vehicles, medical devices, or technology with the equipment itself serving as collateral. Repayment terms are structured to match the useful life of the asset.

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Business Line of Credit

A revolving line of credit gives Minnesota businesses flexible access to capital they can draw on as needed and repay over time. It is well suited for managing seasonal cash flow gaps common in agriculture and retail.

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Revenue-Based Financing

Revenue-based financing ties repayment to a percentage of monthly business revenue, making it a flexible option for Minnesota businesses with strong sales but variable monthly income.

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Merchant Cash Advance

A merchant cash advance provides upfront capital in exchange for a portion of future sales. Minnesota retailers and food service businesses use this product for quick access to working capital.

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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

Minnesota businesses have access to several mission-driven financing resources that work alongside private capital rather than replacing it. The Minnesota Department of Employment and Economic Development Business Financing Programs offers direct loans and CDFI participation structures, but application timelines and eligibility criteria can limit access when your expansion window is narrow. Sunrise Banks, the state's first Treasury-certified CDFI bank and an SBA Preferred Lender, provides 7(a) loans and commercial term products weighted toward low-to-moderate income communities. The Neighborhood Development Center in Saint Paul supports inner-city entrepreneurs with loans and incubator space, while WomenVenture serves women-owned businesses across Minnesota with low-interest loans up to $100,000. Rise Business Funding's long-term loan programs complement these resources, offering faster decisions and broader eligibility for established businesses that have moved past the startup stage.

Minnesota Department of Employment and Economic Development Business Financing Programs

DEED administers multiple state-funded financing programs for Minnesota businesses, including the Promise Loan Program for businesses in communities affected by racial discrimination and civil unrest, the Growth Loan Fund offering direct loans of $100,000 to $400,000 for seed and early-stage technology companies, and the Small Business Loan Participation Program through which DEED purchases 25 to 30 percent participations in loans of $10,000 to $250,000 made by approved CDFIs and nonprofit lenders.

mn.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

Midwest Minnesota Community Development Corporation

MMCDC is a Treasury-certified CDFI headquartered in Detroit Lakes that has provided community development financing across Minnesota and the Upper Midwest for more than 50 years; its commercial lending portfolio includes a small loan fund for loans up to $250,000 covering equipment, inventory, working capital, and real estate, as well as New Markets Tax Credit financing for larger projects in distressed communities.

mmcdc.com

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

SBA Minnesota District Office

The SBA Minnesota District Office, based in Minneapolis, delivers SBA programs and services across all 87 Minnesota counties, including SBA 7(a) loans, 504 loans, and microloans, as well as federal contracting certifications, entrepreneur counseling, and disaster recovery assistance for the state's small businesses.

sba.gov

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

Frequently Asked Questions

About Funding in Minnesota

How do I get long-term business loans in Minnesota?

To access long-term business loans in Minnesota, you can apply through Rise Business Funding's online platform, which connects you with lenders in our network. The process starts with a short application covering your business revenue, time in operation, and intended use of funds. Lenders review your profile and return offers. Minnesota businesses with at least two years of history, a FICO score above 650, and $15,000 or more in monthly revenue are well positioned to qualify for long-term financing options ranging from $50,000 to $5,000,000.

What credit score do I need for a long-term business loan in Minnesota?

Most lenders in our network require a personal FICO score of at least 650 to qualify for long-term business loans in Minnesota. Scores above 650 improve your chances of accessing larger loan amounts, longer repayment terms, and more competitive rates. If your score is below 600, you may still qualify for alternative products like a merchant cash advance or revenue-based financing. Improving your score before applying, by reducing personal debt balances and addressing any derogatory marks, can meaningfully expand your options.

How fast can a Minnesota business get funded?

Many Minnesota businesses that apply through Rise Business Funding receive funding within 30 to 90 days. Once you accept a loan offer and submit any required documentation, funds are typically deposited into your business bank account in 30 to 90 days. Timelines vary depending on the loan type, the lender's verification requirements, and how quickly you can provide supporting documents. Long-term loans backed by the SBA may have longer processing times due to government review requirements, so plan accordingly if that product is your preference.

What documents are required to apply for a long-term business loan in Minnesota?

Most lenders in our network will request recent business bank statements, several months of revenue documentation, and basic business details such as your EIN, legal business name, and time in operation. For larger loan amounts or SBA-backed products, lenders may also request tax returns, a profit and loss statement, a balance sheet, and information about the intended use of funds. Minnesota business owners should have these materials organized in advance to avoid delays. Our application process is designed to minimize paperwork at the initial stage.

Can a Minnesota LLC or sole proprietorship qualify for long-term business financing?

Yes. Both LLCs and sole proprietors operating in Minnesota can qualify for long-term business loans through lenders in our network, provided they meet the standard thresholds. Your business must have been operating for at least two years, generate a minimum of $15,000 in monthly gross revenue, and have an owner with a personal FICO score of 650 or above. A dedicated business bank account is also required. Sole proprietors should ensure their personal and business finances are clearly separated to strengthen their application profile.

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

Long-term business loans in Minnesota are commonly used for commercial real estate purchases, large equipment acquisitions, business expansions, facility renovations, hiring, and working capital to support growth. Minnesota businesses in manufacturing, healthcare, food processing, and construction frequently use long-term capital for multi-year projects where spreading repayment over an extended period makes financial sense. The funds can generally be used for any legitimate business purpose, and lenders will typically ask you to describe the intended use during the application process.

Are there Minnesota-specific programs that complement private long-term loans?

Yes. The Minnesota Department of Employment and Economic Development offers financing programs and referrals for qualifying businesses. The SBA Minnesota District Office in Minneapolis connects business owners with SBA 7(a) and 504 loan products through participating lenders. USDA Rural Development supports businesses in eligible rural Minnesota counties with loan guarantees. The Minnesota SBDC network provides free advising and application preparation statewide. These public resources can complement long-term financing from lenders in our network, particularly for businesses seeking lower-rate government-backed products or those in underserved regions of the state.

Can a startup in Minnesota qualify for long-term business loans?

Startups with less than two years of operating history face limited options for long-term business loans, as most lenders in our network require at least two years of revenue history. Minnesota startups in the early stages may be better served by exploring SBA microloan programs, CDFI lenders like the Metropolitan Consortium of Community Developers in the Twin Cities, or USDA Rural Development programs for rural-area businesses. Once your business crosses the six-month threshold with consistent revenue of $15,000 or more per month, you become eligible for a broader range of long-term financing products.

Long-Term Business Loans in Minnesota Cities

We serve businesses in Minneapolis. Pick your city for local programs, qualification specifics, and city-tailored FAQs.

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