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 8 large business loans
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
SBA 7(a) loan with Fundera by NerdWallet | Best for established businesses that can’t qualify for bank financing | $5,000,000 | 650 | with Fundera by NerdWallet |
Fora Financial - Online term loan | 4.7/5 Best for flexible requirements | $1,500,000 | 570 | with Fundera by NerdWallet |
JR Capital Equipment Financing | 4.1/5 Best for equipment financing | $10,000,000 | 620 | with Fundera by NerdWallet |
Fundomate - Term loan | 4.5/5 Best for fast financing | $500,000 | 600 | with Fundera by NerdWallet |
iBusiness Funding - Online term loan | 4.2/5 Best for long-term financing | $500,000 | 660 | with Fundera by NerdWallet |
National Funding - Online Term Loan | 4.3/5 Best for startups | $500,000 | 600 | with Fundera by NerdWallet |
SBA CDC/504 loan Read Review | Best for commercial real estate loans | $5,000,000 | 680 | Read Review |
Chase - Business line of credit Read Review | Best for covering cash flow needs | $500,000 | 700 | Read Review |
I'M INTERESTED IN:
Our pick for
established businesses that can’t qualify for bank financing
SBA 7(a) loans can provide government-guaranteed funding up to $5 million. So far in fiscal year 2025, 18% of all 7(a) loans issued were in amounts greater than $500,000.
SBA 7(a) loan
Pros
- Large borrowing maximums.
- Interest rates are capped.
- Long repayment terms available.
Cons
- Collateral is typically required.
- Longer processing times than online lenders.
SBA 7(a) loan
Pros
- Large borrowing maximums.
- Interest rates are capped.
- Long repayment terms available.
Cons
- Collateral is typically required.
- Longer processing times than online lenders.
Qualifications:
- For-profit U.S. business.
- Unable to access credit on reasonable terms from nongovernment sources.
- Financial qualifications determined by individual lender.
Our pick for
flexible requirements
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
Pros
- Cash can be available quickly.
- Get a discount for prepaying.
- No collateral required.
- Low minimum credit score requirement.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Can’t build business credit.
- Longest loan term is 18 months.
- Charges an origination fee.
Fora Financial - Online term loan
Pros
- Cash can be available quickly.
- Get a discount for prepaying.
- No collateral required.
- Low minimum credit score requirement.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Can’t build business credit.
- Longest loan term is 18 months.
- Charges an origination fee.
Qualifications:
- In business for at least six months.
- At least $20,000 per month in revenue.
- No open bankruptcies or dismissed bankruptcies within the past year.
Our pick for
equipment financing
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, such as semi trucks, construction vehicles or manufacturing equipment.
JR Capital Equipment Financing
Pros
- Funding available within 48 hours.
- Competitive rates and repayment terms.
- Flexible payment options available, including deferment options for certain industries.
- No down payment required.
Cons
- Must have good credit to qualify for no prepayment penalties.
- Charges an origination fee.
JR Capital Equipment Financing
Pros
- Funding available within 48 hours.
- Competitive rates and repayment terms.
- Flexible payment options available, including deferment options for certain industries.
- No down payment required.
Cons
- Must have good credit to qualify for no prepayment penalties.
- Charges an origination fee.
Qualifications:
- Minimum credit score: 620.
- Minimum time in business: Typically 24 months, but can prioritize industry experience in some cases.
- No minimum annual revenue requirement.
Our pick for
fast financing
Fundomate offers a flexible online term loan that can fund as fast as a single day, making it a good choice for borrowers who need fast access to cash to cover emergency expenses, take advantage of a fleeting business opportunity and more.
Fundomate - Term loan
Pros
- Cash can be available in as little as 24 hours.
- Can get a discount for prepaying your loan.
Cons
- Rates can be high compared with traditional banks.
- May have to pay an origination fee.
Fundomate - Term loan
Pros
- Cash can be available in as little as 24 hours.
- Can get a discount for prepaying your loan.
Cons
- Rates can be high compared with traditional banks.
- May have to pay an origination fee.
Qualifications:
- Minimum credit score: 600.
- Minimum time in business: 12 months.
- Minimum annual revenue: $120,000.
Our pick for
long-term financing
iBusiness Funding (formerly Funding Circle) provides fast financing up to $500,000. Repayment terms are available for up to seven years, which can help keep payments affordable for large purchases.
iBusiness Funding - Online term loan
Pros
- Cash can be available within two business days.
- Competitive rates among online lenders.
- Terms up to seven years.
- iBusiness Funding also offers SBA loans up to $5 million.
Cons
- Charges an origination fee.
- Must be in business for a minimum of 24 months.
- Minimum credit score is higher than some other lenders.
iBusiness Funding - Online term loan
Pros
- Cash can be available within two business days.
- Competitive rates among online lenders.
- Terms up to seven years.
- iBusiness Funding also offers SBA loans up to $5 million.
Cons
- Charges an origination fee.
- Must be in business for a minimum of 24 months.
- Minimum credit score is higher than some other lenders.
Qualifications:
- Minimum credit score: 660.
- Minimum time in business: 24 months.
- Minimum annual revenue: $50,000.
- No bankruptcies in the past seven years.
Our pick for
startups
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
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Short-term loans require daily or weekly repayment.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing: National Funding offers only short-term loans and equipment financing/leasing.
- Charges an origination fee.
National Funding - Online Term Loan
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Short-term loans require daily or weekly repayment.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing: National Funding offers only short-term loans and equipment financing/leasing.
- Charges an origination fee.
Qualifications:
- Minimum credit score: 600.
- Minimum time in business: Six months.
- Minimum annual revenue: $250,000.
Our pick for
commercial real estate loans
SBA 504 loans are designed specifically to buy or upgrade major fixed assets, like commercial real estate. Although most 504 loans are up to $5 million, small manufacturers and select projects may qualify for up to $5.5 million. So far in fiscal year 2025, 66.7% of all 504 loans issued were in amounts greater than $500,000.
SBA CDC/504 loan
Pros
- Low down payment required.
- Repayment terms of up to 25 years.
- Competitive interest rates.
Cons
- Must meet job creation or public policy goals to qualify.
- Longer processing times than online lenders.
SBA CDC/504 loan
Pros
- Low down payment required.
- Repayment terms of up to 25 years.
- Competitive interest rates.
Cons
- Must meet job creation or public policy goals to qualify.
- Longer processing times than online lenders.
Qualifications:
- Be a for-profit U.S. business.
- Net worth of less than $15 million.
- Average net income of less than $5 million for the two years prior to your application.
- Financial qualifications determined by individual lender.
Our pick for
covering cash flow needs
Chase’s business line of credit is available in amounts up to $500,000 with a five-year revolving term. While Chase doesn’t disclose its interest rate, traditional banks tend to offer the lowest interest rates for small-business financing.
Chase - Business line of credit
Pros
- Bank credit line with competitive interest rates.
- Large maximum line limit of $500,000.
- Can apply online for up to $250,000.
Cons
- Must have a Chase Business Banking account to apply online.
- Not available in Alaska and Hawaii.
- Annual fee may apply.
- Limited information on terms and fees available online.
Chase - Business line of credit
Pros
- Bank credit line with competitive interest rates.
- Large maximum line limit of $500,000.
- Can apply online for up to $250,000.
Cons
- Must have a Chase Business Banking account to apply online.
- Not available in Alaska and Hawaii.
- Annual fee may apply.
- Limited information on terms and fees available online.
Qualifications:
- Minimum credit score: 700.
- Minimum time in business: Two years with some flexibility.
- Minimum annual revenue: Not disclosed
A closer look at the best business loans over $500,000
SBA 7(a)
Fora Financial
JR Capital Equipment Financing
Fundomate
iBusiness Funding
National Funding
SBA 504 loan
Chase Business Line of Credit
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
Alternatives to large business loans
- Crowdfunding: Crowdfunding is a type of business financing that allows you to access capital without taking on debt. Crowdfunding takes place through online platforms on which you can pitch your business to potential backers, who give you cash in exchange for rewards or even ownership in your company.
- Angel investors: Angel investors are wealthy individuals who choose to invest in businesses in exchange for ownership stakes. A form of equity financing, angel investing can help you fund your business while avoiding taking on debt. You should be aware of how much you’re willing to dilute your business ownership though.
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.