How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 9 large business loans
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
SBA 7(a) loan with Fundera by NerdWallet | Best for Large government business loans | $5,000,000 | 650 | with Fundera by NerdWallet |
SBA CDC/504 loan | Best for Large commercial real estate loans | $5,000,000 | 680 | Read Review |
Fora Financial - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Large business loans for bad credit | $1,500,000 | 570 | with Fundera by NerdWallet |
Funding Circle - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Large long-term business loans | $500,000 | 660 | with Fundera by NerdWallet |
National Funding - Online Term Loan with Fundera by NerdWallet | 4.0/5 Best for Large startup business loans | $500,000 | 600 | with Fundera by NerdWallet |
JR Capital Equipment Financing with Fundera by NerdWallet | 4.0/5 Best for Large equipment loans | $10,000,000 | 620 | with Fundera by NerdWallet |
AltLINE - Invoice Factoring | 4.5/5 Best for Invoice factoring | $10,000,000 | 300 | Read Review |
Bank of America Business Advantage Unsecured Term Loan | 5.0/5 Best for Large business bank loans | Undisclosed | 700 | Read Review |
Chase - Business line of credit | Best for Large business lines of credit | $500,000 | 700 | Read Review |
Here are 9 large business loans
Best for Large government business loans
Best for Large commercial real estate loans
Best for Large business loans for bad credit
Best for Large long-term business loans
Best for Large startup business loans
Best for Large equipment loans
Best for Invoice factoring
Best for Large business bank loans
Best for Large business lines of credit
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Our pick for
Large government business loans
SBA 7(a) loans can provide government-guaranteed funding up to $5 million. So far in fiscal year 2024, 19% of all 7(a) loans issued were in amounts greater than $500,000.
SBA 7(a) loan
Max loan
$5,000,000
Min. Credit score
650
Apr range
11.50-15.00%
Our pick for
Large commercial real estate loans
SBA 504 loans are designed specifically for the purchase and upgrade of major fixed assets. Although most 504 loans are up to $5 million, small manufacturers and select projects may qualify for up to $5.5 million.
SBA CDC/504 loan
Max loan
$5,000,000
Min. Credit score
680
Apr range
5.00-7.00%
Our pick for
Large business loans for bad credit
Fora Financial offers working capital loans of up to $1.5 million with flexible qualification requirements. You may be able to qualify with a personal credit score of 570 or higher.
Fora Financial - Online term loan
Max loan
$1,500,000
Min. Credit score
570
Our pick for
Large long-term business loans
Funding Circle provides fast financing up to $500,000. Repayment terms are available up to seven years.
Funding Circle - Online term loan
Max loan
$500,000
Min. Credit score
660
Apr range
15.22-45.00%
Our pick for
Large startup business loans
National Funding’s unsecured business loans are available in amounts up to $500,000 for companies that have at least six months in operation.
National Funding - Online Term Loan
Max loan
$500,000
Min. Credit score
600
Our pick for
Large equipment loans
JR Capital can fund equipment loans of up to $10 million. These loans can be used for a variety of new or used equipment purchases.
JR Capital Equipment Financing
with Fundera by NerdWallet
Max loan
$10,000,000
Min. Credit score
620
Apr range
6.99-18.00%
with Fundera by NerdWallet
Our pick for
Invoice factoring
AltLINE evaluates eligibility based on the value of your invoices and creditworthiness of your customers. As a result, its factoring can be easier to qualify for than other loan options.
AltLINE - Invoice Factoring
Max loan
$10,000,000
Min. Credit score
300
Our pick for
Large business bank loans
Bank of America’s unsecured term loan offers competitive interest rates and repayment terms. The bank doesn't set a specific maximum for funding amounts.
Bank of America Business Advantage Unsecured Term Loan
Max loan
Undisclosed
Min. Credit score
700
Our pick for
Large business lines of credit
Chase’s business line of credit is available in amounts up to $500,000 with a five-year revolving term.
Chase - Business line of credit
Max loan
$500,000
Min. Credit score
700
What is a large business loan?
Types of large business loans
SBA loans
Business term loans
Invoice factoring
Business lines of credit
Pros and cons of large business loans
Provides funding for large business investments.
Typically have long repayment terms with monthly payment schedules.
May offer competitive interest rates.
Can be used to build business credit.
Can be harder to qualify for than smaller loans.
May need to be secured with physical collateral.
Monthly payments will be larger and you’ll likely pay more in interest over the lifecycle of the loan.
Large loans from banks and SBA lenders can be slow to fund, with lengthy application processes.
How to qualify for a large business loan
- Good credit. A credit score of 690 or higher will help you access the most competitive options.
- Strong finances. It’s helpful to have annual revenue of $100,000 or more. Although not always required, lenders like to see profitability.
- Multiple years in business. Many large business loans require you to have at least two years in operation.
- Sufficient collateral. You may need to secure your loan with physical collateral, such as inventory, equipment or real estate.
How to get a large business loan
1. Understand your financing needs
2. Evaluate your qualifications
3. Research and compare lenders
🤓 Nerdy Tip
If you’re a mid-sized business with large financing needs, you might look for lenders that offer a commercial lending division. Commercial loans are often designed for larger, high-revenue businesses. Through PNC Bank’s commercial division, for example, established businesses can access loans from $10 million to $1 billion.4. Complete and submit your application
- Basic information about you and your business.
- Personal and business bank statements.
- Personal and business tax returns.
- Business financial statements.
- Information about your collateral.
- Existing business debt schedule, if applicable.
5. Review the loan agreement and get funds
Frequently asked questions
Methodology
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.