| Lender | User ratings | Best for… | Max. loan amount | Term length | Min. interest rate | Min. credit score | Time in business | |
|---|---|---|---|---|---|---|---|---|
 | User ratings not available | Large government-backed business loan | $5,000,000 | 120 months | 11.5% to 15% variable, 13.5% to 16.5% fixed | 680 (Recommended) | 2 to 3 years (Recommended) | Get business loan offers |
 | User ratings not available | Large commercial real estate loan | $5,500,000 | Up to 300 months | Usually totaling 3.00% of the amount financed | 680 (Recommended) | 2 to 3 years (Recommended) | Get business loan offers |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Large loan for bad credit borrowers | $1,500,000 | 4 to 15 months | 1.10 to 1.40 factor rate | 500 | 6 months | Get business loan offers |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Large loan for startups | $500,000 | 4 to 18 months | 1.11 factor rate | 600 | 6 months | Get business loan offers |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Large long-term business loans | $500,000 | Up to 144 months | 8.49% | 660 | 2 years | Get business loan offers |
 | User ratings coming soon | Large debt consolidation loans | $500,000 | 6 to 84 months | 11.29% | 660 | 2 years | Get business loan offers |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Large traditional bank loans | $1,000,000,000 | Not disclosed | Not disclosed | Not disclosed | Generally 2 years for traditional loans | Get business loan offers |
| Loan amounts | Up to $5,000,000 |
| Interest rate | 11.5% to 15% variable, 13.5% to 16.5% fixed (Rate depends on the loan amount and term length) |
| Term length (months) | 120 months |
| Min. credit score | 680 (Recommended) |
| Min. time in business | 2 to 3 years (Recommended) |
| Min. annual revenue | $100,000 (Recommended) |
Collateral may be required
Requires a personal guarantee
Slow approval process
If you choose to go this route, you’ll apply through a bank or online lender, who will fund the loan. For its part, the SBA guarantees a percentage of the loan amount in the event that you default, making it easier for the lender to approve you.
However, in exchange for that reassurance, you’ll need to go through the SBA application process. Be aware that SBA processing times are much slower than other lenders and you’ll likely be on the hook for providing both collateral and a personal guarantee.
Read our full SBA 7(a) review.
| Loan amounts | Up to $5,500,000 |
| Starting interest rate | Usually totaling 3.00% of the amount financed |
| Term length (months) | Up to 300 months |
| Min. credit score | 680 (Recommended) |
| Min. time in business | 2 to 3 years (Recommended) |
| Min. annual revenue | $100,000 (Recommended) |
Down payment required (10%)
More use restrictions than other SBA loans
Funds used must facilitate job creation
However, in exchange, you’ll be required to make a 10% down payment on the loan. Plus, you’ll face additional use restrictions and added requirements around using the funds to facilitate job creation.
Read our full SBA 504/CDC loan review.
| Loan amounts | $5,000 to $1,500,000 |
| Starting interest rate | 1.10 to 1.40 factor rate |
| Term length (months) | 4 to 15 months |
| Min. credit score | 500 |
| Min. time in business | 6 months |
| Min. annual revenue | $180,000 |
Uses factor rate rather than interest rate
Charges an origination fee
Only offers short-term loans
Still, this company advertises a factor rate rather than an interest rate, which is a good sign you’re likely to pay more in interest charges, and it only offers short-term business loans. So, you’ll likely have to prepare to pay back the loan quickly.
Read our full Fora Financial review.
| Loan amounts | Up to $500,000 |
| Starting interest rate | Starting at 1.11 factor rate |
| Term length (months) | 4 to 18 months |
| Min. credit score | 600 |
| Min. time in business | 6 months |
| Min. annual revenue | $250,000 |
Charges an origination fee
Lower maximum loan amount
Advertises a factor rate instead of an interest rate
On the other hand, its origination fee can get steep, maxing out at 5.00% of the loan amount. It also advertises a factor rate rather than an interest rate, meaning that you’ll likely have to pay more in interest charges.
Read our full QuickBridge review.
| Loan amounts | Up to $500,000 |
| Starting interest rate | 8.49% |
| Term length (months) | Up to 144 months |
| Min. credit score | 660 |
| Min. time in business | 2 years |
| Min. annual revenue | $1 million |
High annual revenue requirement
Longer time in business requirement
Higher minimum credit score
That said, these loans are likely going to be best suited for established businesses. At $1 million, BHG’s annual revenue requirement is quite high and it requires your company to have been in business at least 2 years.
| Loan amounts | $25,000 to $500,000 |
| Starting interest rate | 11.29% |
| Term length (months) | 6 to 84 months |
| Min. credit score | 660 |
| Min. time in business | 2 years |
| Min. annual revenue | Not disclosed |
Doesn’t disclose annual revenue requirements
Long time in business requirement
Higher minimum credit score requirement
However, some of its other requirements may be harder to meet. Its time in business requirement is as long as a traditional bank loan and, at 660, the minimum credit score requirement is also on the higher end. Plus, Funding Circle doesn’t disclose its annual revenue requirement, which can make it hard to tell if you qualify.
Read our full Funding Circle review.
| Loan amounts | $1,000,000,000 |
| Starting interest rate | Not disclosed |
| Term length (months) | Not disclosed |
| Min. credit score | Not disclosed |
| Min. time in business | Generally 2 years for traditional loans |
| Min. annual revenue | $5 million+ |
Not transparent about many of its eligibility requirements
Long time in business requirement
Doesn’t disclose interest rate range
However, if your business doesn’t quite make that much annually, try PNC’s secured loans for small businesses, which start at $100,000+ and have loan terms extending to seven years. This lender allows you to use business assets to secure the loan, meaning that you won’t be personally responsible for payment if your business defaults.
Like some other banks, PNC is not very transparent about its eligibility requirements, maximum loan amount or available interest rates, which can make it difficult to determine if your business will be a good fit. Of the requirements it does disclose, its two-year time in business requirement is longer than you’ll find with a lot of online lenders.
Read our full PNC Bank review.
As the name suggests, large business loans are loans that provide a larger-than-normal amount of funding. Typically, large business loan lenders can provide up to $500,000 or more in financing.
These loans are available from a wide variety of sources, including government programs, banks and online lenders.
| Pros | Cons |
|---|---|
| Offer access to the funding you need for large expenditures Typically come with predictable monthly repayment schedules Repaying responsibly can help build business credit | Large loan amounts come with larger monthly payments May require collateral or a personal guarantee May be more difficult to qualify for than smaller loan amounts |