Rise Business Funding

Long-Term Business Loans in Virginia Beach, Virginia

Virginia Beach's economy thrives on tourism, defense contracting, retail, and a growing professional services sector. Whether you operate along the Oceanfront, serve military families near Naval Station Norfolk, or run a growing business in Town Center, long-term business loans give you the capital to grow sustainably.

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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.

Virginia Beach Focused

Lenders in our network serve businesses across Hampton Roads

About Long-Term Business Loans in Virginia Beach

Virginia's IRC conformity date, recently fixed at December 31, 2025 by the General Assembly, is one of several state-level policy changes that business owners in Virginia Beach need to factor into their capital planning. Combined with the CPI-indexed minimum wage that rose to $12.41 per hour in January 2025, the real cost of operating here is shifting on a timeline most short-cycle financing simply cannot accommodate. Long-term business loans give your business a fixed repayment structure that absorbs those cost adjustments without forcing you to refinance every twelve to eighteen months.

Virginia Beach's economy rewards businesses that plan over a multi-year horizon. Tourism generated a $3.9 billion total economic impact in 2024 and supported 34,076 jobs, roughly 19 percent of all city employment. Hotels and restaurants along the Oceanfront Resort District see revenue compress sharply outside the June-through-August peak, which means capital invested in off-season renovations or staffing infrastructure needs a repayment window that matches the recovery curve, not a lender's quarterly target. Restaurant business loans structured over three to five years give Oceanfront operators the room to build through the slow months without defaulting on obligations their summer revenue was never designed to carry year-round. Healthcare providers anchored by the Sentara Virginia Beach General Hospital network face a different pressure: facility upgrades and staffing expansions require healthcare business loans with long enough terms to recoup the investment before the next cycle of regulatory compliance costs arrives.

Professional services firms in the Town Center and Pembroke corridor face their own capital timing challenge. Winning a multi-year contract often requires adding staff, technology, or office capacity before the first invoice is paid. A business line of credit can bridge the gap at contract start, but the underlying infrastructure investment belongs on a long-term loan. Rise Business Funding works with businesses across the Virginia Beach market to match the financing structure to the actual cash flow profile of the business. Use the business funding calculator to model payment scenarios before you apply, and talk to a Rise Business Funding advisor about pairing a SBA loans program with a private term facility if your capital need exceeds a single product's ceiling.

Financing Options in Virginia Beach

Long-Term Business Loans

Loans with multi-year repayment terms designed for major investments like equipment, real estate improvements, or business expansion. Virginia Beach businesses benefit from predictable monthly payments that align with long-horizon growth plans.

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SBA Loans

SBA-backed loans offer favorable rates and extended terms for qualified small businesses. Defense contractors, hospitality operators, and service businesses in Virginia Beach frequently leverage SBA programs to fund major capital needs.

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Term Loans

Fixed-amount loans repaid over a set schedule, available in short and long durations. Term loans are a flexible foundation for Virginia Beach businesses financing renovations, acquisitions, or operational upgrades.

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Business Line of Credit

A revolving credit facility that lets Virginia Beach businesses draw and repay funds as needed. Ideal for managing seasonal cash flow swings common in the tourism and hospitality sectors along the Oceanfront.

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Equipment Financing

Finance the purchase or lease of business-critical equipment with terms matched to the asset's useful life. Virginia Beach contractors, restaurant operators, and transportation businesses use equipment financing to preserve working capital.

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Revenue-Based Financing

Repayments scale as a percentage of monthly revenue, making this a natural fit for Virginia Beach businesses with fluctuating seasonal income. Funding adjusts to your actual performance rather than a fixed calendar schedule.

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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.

Virginia-Specific Resources

Virginia Beach business owners have access to several public and mission-driven financing resources worth knowing before you build a capital stack. The Virginia Small Business Financing Authority offers direct loans up to $1 million and loan guaranties through its Economic Development Loan Fund, which can complement a private long-term loan by covering a portion of collateral gaps. Locus, a Treasury-certified CDFI that grew from a direct Commonwealth investment, focuses on community-serving borrowers including healthcare providers and food-system businesses across Virginia. The SBA Virginia District Office, based in Richmond, connects Hampton Roads businesses to 7(a) and 504 programs through a statewide lender network. These programs serve real needs, but approval timelines, program eligibility windows, and borrowing caps mean many Virginia Beach businesses still need private capital to fill the gap. Lenders in the Rise Business Funding network structure long-term loans alongside these public resources, not instead of them.

SBA Virginia District Office

The SBA Virginia District Office serves 92 counties in Virginia, excluding Arlington, Fairfax, and Loudoun counties and the cities of Alexandria, Fairfax, and Falls Church. 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

Atlantic Union Bank

Atlantic Union Bank offers SBA loans, term loans and lines of credit to small businesses in Virginia Beach.

atlanticunionbank.com

Hampton Roads SBDC

Hampton Roads SBDC offers business advising to small businesses in Virginia Beach.

virginiasbdc.org

SCORE Hampton Roads Chapter

SCORE Hampton Roads Chapter offers business advising to small businesses in Virginia Beach.

score.org
Statewide programs for Virginia businesses

Frequently Asked Questions

About Funding in Virginia Beach

How do I get long-term business loans in Virginia Beach, Virginia?

To access long-term business loans in Virginia Beach, Virginia, start by completing Rise Business Funding's online application with details about your business revenue, operating history, and the purpose of the loan. Lenders in our network review your application and return options within 24 hours. Meeting the baseline thresholds of a 650 FICO score, $15,000 in monthly revenue, and at least two years in business puts you in a strong position to qualify.

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

Most lenders in our network require a minimum personal FICO score of 650 to qualify for long-term business loans. Higher credit scores typically unlock better terms, larger loan amounts, and lower rates. If your score is below 600, some lenders may still consider your application based on strong revenue history and time in business, though options may be more limited. Building credit before applying can meaningfully improve your loan offer.

How fast can a Virginia Beach business get funded?

Many Virginia Beach businesses with a complete application receive funding within 30 to 90 days. After selecting an offer and providing any requested documents, funds are typically deposited to your business bank account in 30 to 90 days. Long-term loans may involve slightly more documentation review than short-term products, but the overall process through Rise Business Funding's lender network is designed to move quickly.

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

Common documentation requirements include recent bank statements, business tax returns, a government-issued ID, and basic information about your business structure. Some lenders may also request profit and loss statements or a business plan outlining the use of funds. Virginia Beach businesses applying for larger loan amounts or SBA-backed products should expect a more thorough document review. Having these materials organized before applying speeds up the process considerably.

Can my Virginia Beach LLC or sole proprietorship qualify?

Yes. Lenders in our network work with a variety of business structures including LLCs, sole proprietorships, S-corporations, and partnerships. What matters most is that the business meets the revenue, credit, and time-in-business thresholds and operates a legitimate, revenue-generating enterprise in Virginia Beach. Sole proprietors should be prepared to provide personal financial information as part of the application since the business and owner finances are closely linked.

Are there Virginia Beach-specific considerations for long-term business loans?

Virginia Beach's economy includes strong seasonal components tied to tourism and the Oceanfront corridor, which can create fluctuating revenue patterns for hospitality and retail businesses. Lenders who understand this market may look at annualized or seasonally adjusted revenue rather than a single month's snapshot. Additionally, the area's defense contracting community often benefits from SBA programs suited to government contractors. Connecting with Rise Business Funding helps ensure you work with lenders familiar with the Hampton Roads business environment.

Can a startup in Virginia Beach qualify for a long-term loan?

Most long-term loan programs require at least two years of operating history and consistent monthly revenue, which means early-stage startups may face limited options through traditional long-term products. Businesses that have been operating for two years or more and meet the revenue threshold are generally eligible to apply. Newer businesses may want to explore shorter-term products first to build credit history, then transition to long-term financing as their track record grows.

What can long-term business loans be used for in Virginia Beach?

Long-term business loans are highly flexible and can be used for a wide range of purposes including commercial real estate improvements, major equipment purchases, hiring and payroll expansion, technology upgrades, marketing campaigns, and business acquisitions. Virginia Beach businesses commonly use long-term financing to fund facility renovations, open additional locations, or invest in capacity that supports multi-year growth goals. Lenders in our network evaluate intended use as part of the application, so having a clear plan helps strengthen your case.

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