Large Business Loans
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How to get a large business loan
How to Supply: Cash Flow Statements
How to Tool: Desktop, laptop, tablet or phone
Step 1: How much do you need?
First decide, how much do you need? $50,000, $250,000, $500,000, $2,000,000 or more?
VIDEO CLIP Below: How much do you need Clip ?: 6 Seconds –
11 Seconds in Clip below.
Step 2: Find a Lender
Search for a Lender that offers large business loans
Call and ask about Qualifying and Terms.
VIDEO CLIP Below: Call Lenders Clip: 12 Seconds –
16 Seconds in Clip below.
Step 3: Apply.
Apply and get your best chance for approval by working closely with a rep.
Provide Cash Flow Information to show you can repay.
TIP: If you’ve been denied, try to correct the decline reasons and get approved.
VIDEO CLIP Below: Apply: 17 Seconds –
26 Seconds in Clip below.
Step 4: Close
After an approval, close the Transaction. Gather all Closing Items Required. Proof of Ownership, Bank Account Verification may be Required.
Sign the Contracts and get funded into your Account
VIDEO CLIP Below: Close: 27 Seconds –
37 Seconds in Clip below.
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Need more money than your cash flow can qualify your company for ? Watch how to get a loan against your Equipment Video here.
Other options for getting extra funds without putting up your equipment are bank statement loans options.
Check out other options on our homepage smallbusinessloansdepot.com.
FAQ Frequently asked questions on large business loans.
How can we qualify for a larger business loan?
Businesses that have revenues over $25000 per month and time in business over 3 months may qualify for higher amounts. Higher deposit amounts and average balances per month qualify for bigger loans. For some programs higher credit scores or strong financial statements can increase approval amounts.
Do higher amounts take longer to close?
Many of the programs get money to businesses in the same one or two days as smaller loans. Certain longer term programs and amounts over $500,000 can take longer to approve.
Can newer businesses qualify?
A start up can get large business funding amounts if they have had strong sales in the first few months. The business will need to have been operating and generating revenue for at least three months.
Can we get funding from the same program again later?
Yes. When the business pays the balance down to 50% it can qualify for more funding right away. One program is available now in which businesses can get funds after 30 days of timely payments.
Will Real estate and other assets be required?
Real Estate is not required. Customers that offer real estate or other assets can get higher approval amounts. Most businesses close the maximum they qualify for without using real estate or any other assets.
Can we get a monthly repayment and a longer term?
Monthly and weekly repayment business loans are available with longer terms of up to 60 months.
Many businesses need funding for over $500,000 or as high as $1,000,000 and higher.
Paying off a large Merchant Balance with a loan
You can take a merchant cash advance with a high or large balance and pay it off. Doing this can extend the term several months longer. A large merchant cash advance of over $100,000 or over $200,000 with less than 6 months left can be paid off and the term can be extended to 10 or 12 months. Terms up to 120 months may be available with same day and next day loans. Payoff your advance today!
Business owners say they have been declined because the amount they asked for was too high. They requested a business loan over $250,000 or more and were denied. Our programs are designed for higher dollar business loan needs.
Callers call in and ask:
Use the following chart below to determine what you will need when applying.
$50,000 to $100,000 Business Loan: Provide an application and last 3 months bank statements.
$100,000, $150,000 and $200,000 business loan. Provide an application and last 3 months business checking account statements.
$250,000 to $300,000 business loan. Submit an application, last 3 months business checking account statements and Year to date interim Profit and Loss (P & L) Statement.
$350,000, $400,000, $450,000 and $500,000 Business loan. Submit an Application, last 4 Months business checking account statements, Year to date Profit and Loss and Balance Sheet.
$500,000, $600,000, $750,000, $1,000,000 and $1,500,000 business loan
$500,000, $750,000, and $1,000,000 business loan: Submit an application, last 6 months complete business checking account statements. Provide the last 2 Years business Tax Returns.
$1,000,000, $2,000,000, $3,000,000, $4,000,000 and $5,000,000 business loans. Submit an application, last 12 months business checking account statements and last 3 years business Tax returns.
Businesses that have been denied by a lender because the amount of the request was too high will still try to get small business loans another way. Ask lenders upfront if they have a maximum loan amount and if they have different criteria for different dollar amounts. If so, what are they?
Because the lender has different lending criteria for higher business loan requests, they may not provide you with the information. Ask these questions to help get approved and also avoid unnecessary declines.
Show Video Transcript Details
How to Get a Large Business Loan
Some Lenders give you Loans so Small and Tiny, you can’t see them. [ vault door opening ] So, Let’s look at How to Get a Large Business Loan. First decide, how much do you need ? $50,000, $250,000, $500,000, $2,000,000 or more? [ street noises ] Search for a Lender that offers Large Business Loans. [ desert wind blowing ] Call and ask about Qualifying and Terms.
Apply and get your best Chance for Approval by working closely with a Rep. Provide Cash Flow Information to show you can Repay.
If you’ve been Denied, [ water splashing ] try to correct the decline reasons and get approved. After an approval, close the Transaction. Gather all Closing Items Required, Proof of Ownership, Bank Account Verification may be Required. Sign the Contracts [ woman giggling ] and get funded into your Account