Get a large business loan using your cash flow or assets. How to search and contact lenders and learn how to get approved. Get business loans of $50,000 and up to $1,000,000 through these programs. Fast and easy process. Little documentation and financials in many cases. Business loans up to $1,000,000 available with either real estate or unsecured with strong monthly cash flow.
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Research lenders that advertise and offer a large business loan. Review their approval criteria.
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 tell us the following:
“We need a business revolving line of credit” Callers request.”We need fast same day funding” We need a loan to remodel a facility.
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.
FAQ Frequently asked questions on getting a large business loan.
How can I get a large business loan?
Keep your personal and business credit scores as high as possible. Show the maximum net income on your business tax returns. Maintain full financial records including the last 2 years tax returns, financial statements and interim financials for business loans over $100,000. Apply with lenders that specialize in large business loans.
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. The higher the average bank balances or average daily balance the more your business can qualify for.
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 year to date.
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 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. Another requirement is 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?
They 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 monthly repayment and longer term?
Yes. monthly and weekly repayment business loans are also available for larger business loans and may be up to 36 months or longer.
Can I get a larger business loan without a coj confession of judgement?
You can get bigger business loans up to $50,000 and $100,000 without a coj. Consider excellent longer term options without having to have a notarized confession of judgement which other lenders can use to deplete your accounts if you cannot pay or default