How to get a large business loan

Search and contact lenders that offer a big business loan and review their approval criteria

If your business generates more than $50,000 per month in gross revenue, or your personal credit score is over 700, then your business has a good chance to be approved for a large business loan

Identify the program that best matches your business profile

Ask the representative what their approval guidelines are for that program

Complete an application for funding and provide any supporting documentation requested to show business revenues such as bank statements or tax returns

Once approved, verify closing terms and conditions. Provide required items. Complete transaction and receive funding.

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FAQ Frequently asked questions for a large business loan.

How can we qualify for a larger business loan?

Businesses that have revenues over $50000 per month with credit scores over 600 and time in business over 1 year may qualify for a larger business loan

Do we need to provide more financial information to get higher amounts?

For amounts over $250000 more financial information may be required.  This can include the most recent years business tax returns and interim financial statements.

How many months bank statements do you need?

Between 3 and 12 months of the most recent business checking account statements are needed.

We are a startup business.   Can we get a higher amount for a business loan as a start up?

A start up can get large business funding amounts if they have had significant revenue in the first few months of operation.   The business will need to have been operating and generating significant revenue for at least three 3 months.

Our business will keep needing higher amounts of business funding in the future.  Can we use this like a business line of credit?

yes.  When the business pays the balance down to 50% or more it may qualify for more funding immediately.  Programs are available that allow businesses to draw funds after every 30 days of repayment.

Do larger business loans take longer to close?

Larger business loans often do not take any longer than smaller business loans to close.  the repayment will be based on the cash flow of the business so most of the same information is reviewed.

Will Real estate and other assets be required?

Real Estate is not required but it may allow for an approval and a higher approval amount.   Most businesses take the maximum they qualify for without involving real estate or their other assets.

We filed an extension and do not have the most recent business tax return available yet.   Will this be a problem?

amounts less than $100000 do not require a tax return in most cases.  Amounts over $100,000 may require the most recent tax  return.

What are the main reasons businesses are declined for a larger business loan?

The main reasons are low business revenues as well as very low credit scores and a short time in business.

My business partner has very bad credit.   Will that keep us from getting a larger business loan?

Business owners with bad credit that have less than 20% ownership should not cause a decline.   over 50% ownership percentage may cause a lower approval amount or a decline of the request.

Can we get a big business loan with a month repayment?

Yes.   monthly and weekly repayment business loans are also available for larger business loans and may be up to 36 months or longer.


For other financing options, please review other alternate financing programs that may better match your business needs, below: