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 7 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 | |
Fora Financial - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Large business loans for bad credit | $1,500,000 | 500 | 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 |
AltLINE - Invoice Factoring | 4.5/5 Best for Invoice factoring | $10,000,000 | 300 | |
Bank of America Business Advantage Unsecured Term Loan | 5.0/5 Best for Large business bank loans | Undisclosed | 700 | |
Here are 7 large business loans
Best for Large government business loans
Best for Large commercial real estate loans
Max Amount
$5,000,000
Min. Credit Score
680
Best for Large business loans for bad credit
Best for Large long-term business loans
Best for Large startup business loans
Best for Invoice factoring
Max Amount
$10,000,000
Min. Credit Score
300
Best for Large business bank loans
Max Amount
Undisclosed
Min. Credit Score
700
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Our pick for
Large government business loans
SBA 7(a) loans can provide government-guaranteed funding up to $5 million. In fiscal year 2023, 22.7% of all 7(a) loans issued were in amounts greater than $500,000.
SBA 7(a) loan
with Fundera by NerdWallet
Max loan
$5,000,000
Min. Credit score
650
Apr range
11.50-15.00%
with Fundera by NerdWallet
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 with flexible qualification requirements. You may be able to qualify with a personal credit score of 500 or higher.
Fora Financial - Online term loan
with Fundera by NerdWallet
Max loan
$1,500,000
Min. Credit score
500
with Fundera by NerdWallet
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
with Fundera by NerdWallet
Max loan
$500,000
Min. Credit score
660
Apr range
15.22-45.00%
with Fundera by NerdWallet
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
with Fundera by NerdWallet
Max loan
$500,000
Min. Credit score
600
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
What is a large business loan?
Types of large business loans
SBA loans
Business term loans
- Commercial real estate loans. These loans provide capital specifically for the purchase or renovation of commercial properties, such as offices, storefronts and warehouses. The amount of funding you’re eligible to receive is based on the loan-to-value ratio, or LTV. LTV is calculated by dividing the loan amount by the value of the commercial property you own or are looking to purchase.
- Equipment loans. Similar to commercial real estate loans, equipment loans are used to purchase machinery or equipment for your business. Equipment financing may be available in amounts up to 100% of the value of the equipment you’re looking to purchase. The amount you receive, however, will vary based on your lender and qualifications.
- Secured business loans. A secured business loan is backed by physical collateral, such as equipment or real estate. The collateral you provide helps reduce the lender’s risk of loaning you money, which enables you to qualify for larger loan amounts and more competitive repayment terms.
Invoice factoring
How to get a large business loan
1. Understand your financing needs
2. Evaluate your qualifications
3. Research and compare lenders
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
Find the right business loan
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.